Varma Mutual Pension Insurance Co Has $20.90 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Varma Mutual Pension Insurance Co cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 118,617 shares of the Wireless communications provider’s stock after selling 10,820 shares during the quarter. Varma Mutual Pension Insurance Co’s holdings in T-Mobile US were worth $20,898,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Aveo Capital Partners LLC increased its position in shares of T-Mobile US by 6.5% during the fourth quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock worth $361,000 after acquiring an additional 137 shares in the last quarter. Montag A & Associates Inc. acquired a new stake in shares of T-Mobile US in the 4th quarter valued at about $65,000. Principal Securities Inc. bought a new stake in shares of T-Mobile US in the fourth quarter valued at about $1,263,000. Smithfield Trust Co boosted its position in shares of T-Mobile US by 36.1% during the fourth quarter. Smithfield Trust Co now owns 679 shares of the Wireless communications provider’s stock worth $108,000 after buying an additional 180 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of T-Mobile US during the fourth quarter worth about $58,000. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TMUS shares. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. The Goldman Sachs Group began coverage on shares of T-Mobile US in a research note on Monday, July 1st. They issued a “buy” rating and a $200.00 price target on the stock. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Bank of America lifted their target price on T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. Finally, TD Cowen increased their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $198.63.

Insider Buying and Selling at T-Mobile US

In other news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO G Michael Sievert sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Raul Marcelo Claure sold 2,706 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $200.11, for a total value of $541,497.66. Following the completion of the sale, the director now owns 1,826,204 shares of the company’s stock, valued at $365,441,682.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,950 shares of company stock valued at $239,882,745 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS traded down $4.18 during trading hours on Friday, hitting $193.00. The company had a trading volume of 5,337,108 shares, compared to its average volume of 4,626,616. The firm has a market cap of $226.17 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 0.74 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The business has a fifty day moving average of $188.14 and a 200-day moving average of $174.02. T-Mobile US, Inc. has a 12 month low of $134.50 and a 12 month high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the business posted $1.86 earnings per share. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Equities analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.35%. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

T-Mobile US Profile

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 customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.