T-Mobile US, Inc. (NASDAQ:TMUS) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc boosted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 115.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 213 shares of the Wireless communications provider’s stock after purchasing an additional 114 shares during the quarter. Versant Capital Management Inc’s holdings in T-Mobile US were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TMUS. Sei Investments Co. grew its position in T-Mobile US by 3.1% in the 4th quarter. Sei Investments Co. now owns 184,478 shares of the Wireless communications provider’s stock valued at $29,574,000 after acquiring an additional 5,552 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in T-Mobile US in the first quarter valued at approximately $1,908,000. Envestnet Portfolio Solutions Inc. lifted its stake in T-Mobile US by 41.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 16,185 shares of the Wireless communications provider’s stock valued at $2,595,000 after buying an additional 4,777 shares during the last quarter. Cerity Partners LLC lifted its stake in T-Mobile US by 136.8% in the fourth quarter. Cerity Partners LLC now owns 62,967 shares of the Wireless communications provider’s stock valued at $10,096,000 after buying an additional 36,374 shares during the last quarter. Finally, Cardinal Capital Management Inc. purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $29,962,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TMUS shares. Citigroup boosted their target price on T-Mobile US from $184.00 to $210.00 and gave the company a “buy” rating in a report on Friday, July 19th. Evercore ISI raised T-Mobile US to a “hold” rating in a report on Thursday, August 1st. Benchmark boosted their target price on T-Mobile US from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein raised T-Mobile US to a “strong-buy” rating in a report on Wednesday, July 31st. Finally, KeyCorp upped their price objective on T-Mobile US from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $196.75.

Insider Transactions at T-Mobile US

In related news, insider Jon Freier sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total transaction of $3,287,600.00. Following the transaction, the insider now directly owns 172,628 shares in the company, valued at $28,376,590.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jon Freier sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $164.38, for a total value of $3,287,600.00. Following the sale, the insider now directly owns 172,628 shares in the company, valued at approximately $28,376,590.64. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Michael J. Katz sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the sale, the insider now owns 122,687 shares in the company, valued at $21,787,984.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,640,448 shares of company stock worth $623,942,587. Company insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS stock traded up $3.76 during mid-day trading on Wednesday, hitting $193.62. 685,334 shares of the stock traded hands, compared to its average volume of 4,755,684. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.84. The firm has a market cap of $225.91 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 0.76 and a beta of 0.51. The company’s 50-day simple moving average is $178.68 and its 200-day simple moving average is $168.40. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $193.77.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. As a group, equities research analysts expect that T-Mobile US, Inc. will post 9.05 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.34%. T-Mobile US’s payout ratio 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.