Versant Capital Management Inc Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Versant Capital Management Inc lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 115.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 213 shares of the Wireless communications provider’s stock after purchasing an additional 114 shares during the period. Versant Capital Management Inc’s holdings in T-Mobile US were worth $38,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $27,000. Valley National Advisers Inc. boosted its stake in shares of T-Mobile US by 232.1% during the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 123 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of T-Mobile US by 75.8% during the 1st quarter. Westside Investment Management Inc. now owns 174 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 75 shares in the last quarter. Bay Harbor Wealth Management LLC purchased a new position in shares of T-Mobile US during the 4th quarter valued at $34,000. Finally, Pinnacle Bancorp Inc. increased its holdings in T-Mobile US by 52.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 220 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 76 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 189,670 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $164.23, for a total value of $31,149,504.10. Following the sale, the director now directly owns 676,210,341 shares of the company’s stock, valued at approximately $111,054,024,302.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CFO Peter Osvaldik sold 10,000 shares of T-Mobile US stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $180.98, for a total transaction of $1,809,800.00. Following the sale, the chief financial officer now owns 81,307 shares in the company, valued at $14,714,940.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $164.23, for a total transaction of $31,149,504.10. Following the sale, the director now owns 676,210,341 shares in the company, valued at approximately $111,054,024,302.43. The disclosure for this sale can be found here. Insiders sold 3,640,448 shares of company stock worth $623,942,587 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

T-Mobile US Trading Up 2.0 %

T-Mobile US stock traded up $3.76 during midday trading on Wednesday, hitting $193.62. 685,334 shares of the stock were exchanged, compared to its average volume of 4,755,684. T-Mobile US, Inc. has a fifty-two week low of $131.47 and a fifty-two week high of $193.77. The stock has a market capitalization of $225.91 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 0.76 and a beta of 0.51. The stock’s 50-day simple moving average is $178.68 and its 200 day simple moving average is $168.40. The company has a current ratio of 0.84, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly 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. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The company had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter in the previous year, the business posted $1.86 EPS. The firm’s revenue was up 3.0% on a year-over-year basis. On average, equities analysts anticipate that T-Mobile US, Inc. will post 9.05 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be issued a $0.65 dividend. The ex-dividend date 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 dividend payout ratio is presently 35.37%.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Barclays upped their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Tuesday, July 30th. Finally, Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $196.75.

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.