Varma Mutual Pension Insurance Co Has $18.81 Million Stake in T-Mobile US, Inc. $TMUS

Varma Mutual Pension Insurance Co raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,617 shares of the Wireless communications provider’s stock after acquiring an additional 9,700 shares during the period. Varma Mutual Pension Insurance Co’s holdings in T-Mobile US were worth $18,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. United Community Bank grew its stake in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 59 shares during the period. Turning Point Benefit Group Inc. boosted its position in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock worth $32,000 after buying an additional 153 shares during the period. City Holding Co. boosted its position in shares of T-Mobile US by 48.4% during the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after buying an additional 46 shares during the period. Cloud Capital Management LLC acquired a new position in shares of T-Mobile US during the third quarter worth about $38,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of T-Mobile US during the fourth quarter worth about $38,000. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS opened at $196.06 on Monday. The stock has a 50 day moving average price of $206.12 and a 200 day moving average price of $205.09. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. The stock has a market capitalization of $212.18 billion, a PE ratio of 20.86, a price-to-earnings-growth ratio of 1.16 and a beta of 0.33.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 EPS for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. During the same period in the prior year, the firm posted $2.58 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. Analysts predict that T-Mobile US, Inc. will post 10.66 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 annualized dividend and a yield of 2.1%. T-Mobile US’s dividend payout ratio is 43.40%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on TMUS. Barclays reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Wolfe Research reaffirmed an “outperform” rating and set a $255.00 price objective on shares of T-Mobile US in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on T-Mobile US from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday. Oppenheimer raised T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective for the company in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. reduced their price objective on T-Mobile US from $300.00 to $275.00 and set an “overweight” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and an average price target of $258.83.

Insider Activity

In related news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director directly owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 694,134 shares of company stock valued at $150,847,799. Corporate insiders own 0.37% of the company’s stock.

About T-Mobile US

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.