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

Varma Mutual Pension Insurance Co trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 8.4% during the second quarter, HoldingsChannel.com reports. The fund 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 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Compton Wealth Advisory Group LLC increased its stake in shares of T-Mobile US by 0.4% in the 2nd quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares during the last quarter. Anfield Capital Management LLC grew its position in T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 57 shares during the last quarter. Capital Advisors Ltd. LLC raised its stake in T-Mobile US by 22.6% during the second quarter. Capital Advisors Ltd. LLC now owns 315 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 58 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of T-Mobile US by 2.3% in the first quarter. Proficio Capital Partners LLC now owns 2,840 shares of the Wireless communications provider’s stock worth $464,000 after acquiring an additional 64 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in shares of T-Mobile US by 39.7% in the 2nd quarter. Westside Investment Management Inc. now owns 243 shares of the Wireless communications provider’s stock valued at $43,000 after purchasing an additional 69 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

T-Mobile US Stock Down 2.1 %

NASDAQ TMUS traded down $4.18 on Friday, hitting $193.00. 5,337,108 shares of the company were exchanged, compared to its average volume of 4,626,616. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The company has a market cap of $226.17 billion, a PE ratio of 26.26, a PEG ratio of 0.74 and a beta of 0.51. The stock 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 released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The company had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, analysts forecast that T-Mobile US, Inc. will post 9.18 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Friday, August 30th. T-Mobile US’s payout ratio is 35.37%.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of T-Mobile US stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the completion of the transaction, the director now directly owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Raul Marcelo Claure sold 9,586 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.96, for a total transaction of $1,888,058.56. Following the completion of the sale, the director now owns 1,940,792 shares in the company, valued at $382,258,392.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $173.10, for a total value of $23,102,099.10. Following the transaction, the director now owns 671,752,404 shares in the company, valued at $116,280,341,132.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,950 shares of company stock worth $239,882,745 in the last ninety days. Corporate insiders own 0.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TMUS. Tigress Financial increased their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. Evercore ISI raised T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Scotiabank boosted their price objective on T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a research report on Thursday, August 1st. TD Cowen upped their price objective on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Bank of America raised their price target on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research note on Monday, June 10th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $198.63.

T-Mobile US Company 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.