Forsta AP Fonden Has $16.71 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Forsta AP Fonden grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUSGet Rating) by 36.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,200 shares of the Wireless communications provider’s stock after acquiring an additional 34,500 shares during the quarter. Forsta AP Fonden’s holdings in T-Mobile US were worth $16,711,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. State Street Corp raised its stake in T-Mobile US by 0.7% in the 4th quarter. State Street Corp now owns 26,614,179 shares of the Wireless communications provider’s stock valued at $3,086,712,000 after acquiring an additional 195,324 shares during the period. Norges Bank bought a new stake in T-Mobile US in the 4th quarter valued at $2,708,912,000. Dodge & Cox raised its stake in T-Mobile US by 29.0% in the 4th quarter. Dodge & Cox now owns 16,463,259 shares of the Wireless communications provider’s stock valued at $1,909,409,000 after acquiring an additional 3,701,674 shares during the period. Geode Capital Management LLC raised its stake in T-Mobile US by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 10,635,883 shares of the Wireless communications provider’s stock valued at $1,230,269,000 after acquiring an additional 202,457 shares during the period. Finally, D1 Capital Partners L.P. increased its position in T-Mobile US by 10.5% during the 4th quarter. D1 Capital Partners L.P. now owns 5,304,372 shares of the Wireless communications provider’s stock worth $615,201,000 after buying an additional 502,186 shares during the period. Institutional investors and hedge funds own 45.24% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of several recent research reports. Cowen increased their price objective on T-Mobile US from $179.00 to $187.00 in a research report on Thursday, July 28th. Scotiabank upgraded T-Mobile US from a “sector perform” rating to a “sector outperform” rating and increased their price objective for the stock from $153.00 to $167.00 in a research report on Thursday, July 28th. Citigroup increased their price objective on T-Mobile US from $156.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. KeyCorp increased their target price on T-Mobile US from $155.00 to $161.00 and gave the stock an “overweight” rating in a report on Monday, July 11th. Finally, Benchmark increased their target price on T-Mobile US from $200.00 to $205.00 in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus target price of $168.68.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $144.56 on Friday. The business’s 50-day moving average price is $135.31 and its 200-day moving average price is $128.35. T-Mobile US, Inc. has a 12 month low of $101.51 and a 12 month high of $145.39. The firm has a market capitalization of $181.28 billion, a price-to-earnings ratio of 105.52, a PEG ratio of 2.24 and a beta of 0.48. The company has a current ratio of 0.85, a quick ratio of 0.74 and a debt-to-equity ratio of 1.05.

T-Mobile US (NASDAQ:TMUSGet Rating) last announced its quarterly earnings results on Wednesday, July 27th. The Wireless communications provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.50). T-Mobile US had a net margin of 2.14% and a return on equity of 6.59%. The firm had revenue of $19.70 billion for the quarter, compared to analyst estimates of $20.08 billion. During the same period in the previous year, the business posted $0.78 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 2.29 EPS for the current year.

Insider Transactions at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was sold at an average price of $121.99, for a total transaction of $2,439,800.00. Following the completion of the transaction, the chief executive officer now directly owns 674,472 shares in the company, valued at $82,278,839.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by corporate insiders.

T-Mobile US Profile

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T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to 108.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, wearables, and tablets and other mobile communication devices, as well as wireless devices and accessories.

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Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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