Varma Mutual Pension Insurance Co Takes Position in T-Mobile US, Inc. $TMUS

Varma Mutual Pension Insurance Co acquired a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 96,980 shares of the Wireless communications provider’s stock, valued at approximately $16,266,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Sei Investments Co. grew its position in T-Mobile US by 6.3% in the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC lifted its holdings in shares of T-Mobile US by 315.7% during the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after buying an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter worth $375,000. Raymond James Financial Inc. boosted its stake in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock worth $489,420,000 after buying an additional 9,568 shares during the last quarter. Finally, Viking Global Investors LP grew its holdings in shares of T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after acquiring an additional 1,279,422 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

NASDAQ:TMUS opened at $183.04 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The business’s 50-day simple moving average is $181.42 and its two-hundred day simple moving average is $193.98. The stock has a market cap of $196.34 billion, a PE ratio of 19.17, a P/E/G ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping analysts’ consensus estimates of $2.59 by $0.40. The firm had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.84 earnings per share. As a group, analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a dividend yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is presently 42.72%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TMUS shares. Royal Bank Of Canada lowered their target price on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Arete Research raised their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Barclays cut their target price on shares of T-Mobile US from $230.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, July 24th. Benchmark decreased their price target on shares of T-Mobile US from $295.00 to $280.00 and set a “buy” rating on the stock in a research report on Friday, July 24th. Finally, Scotiabank dropped their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.