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

Key Points

• Varma Mutual Pension Insurance Co. acquired 96,980 T-Mobile US shares during the second quarter, worth approximately $16.3 million. Several other institutional investors also initiated positions, with institutions collectively owning 42.49% of the stock.
• T-Mobile reported quarterly EPS of $2.99, exceeding estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a $1.02 quarterly dividend, equivalent to a 2.2% annualized yield.
• Analysts maintain a generally positive outlook, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $252.08, well above its reported share price of $183.04.

Varma Mutual Pension Insurance Co bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 96,980 shares of the Wireless communications provider's stock, valued at approximately $16,266,000.

A number of other hedge funds have also recently made changes to their positions in TMUS. Capital CS Group LLC bought a new position in shares of T-Mobile US during the 2nd quarter valued at $392,000. Emerald Investment Advisers LLC purchased a new stake in T-Mobile US during the second quarter valued at about $1,282,000. Westpac Banking Corp purchased a new stake in T-Mobile US during the second quarter valued at about $619,000. Sumitomo Life Insurance Co. bought a new position in shares of T-Mobile US during the second quarter valued at about $9,548,000. Finally, Landscape Capital Management L.L.C. purchased a new position in shares of T-Mobile US in the second quarter worth about $2,702,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Stock Up 1.0%

Shares of NASDAQ:TMUS opened at $183.04 on Friday. T-Mobile US, Inc. has a 12-month low of $165.66 and a 12-month high of $261.25. The stock has a fifty day simple moving average of $181.42 and a two-hundred day simple moving average of $193.98. The stock has a market capitalization of $196.34 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.03 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.83 and a debt-to-equity ratio of 1.48.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.59 by $0.40. The firm had revenue of $22.79 billion for the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. The business's revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. On average, research analysts anticipate that T-Mobile US, Inc. will post 10.73 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US's dividend payout ratio (DPR) is presently 42.72%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on TMUS shares. Weiss Ratings lowered T-Mobile US from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, June 15th. KeyCorp decreased their price target on T-Mobile US from $260.00 to $250.00 and set an "overweight" rating on the stock in a research note on Friday, July 24th. Wall Street Zen upgraded T-Mobile US from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Barclays dropped their price objective on T-Mobile US from $230.00 to $215.00 and set an "overweight" rating for the company in a research note on Friday, July 24th. Finally, Wolfe Research restated a "peer perform" rating on shares of T-Mobile US in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, 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.

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