Meeder Asset Management Inc. Increases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Meeder Asset Management Inc. significantly increased its stake in T-Mobile US, boosting its holdings by 7,481.9% to 21,305 shares valued at approximately $5.68 million.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, surpassing analysts' expectations of $2.69, with a revenue of $21.13 billion.
• The company declared a quarterly dividend of $0.88, contributing to an annualized dividend yield of 1.48%, with payment scheduled for September 11th.

Meeder Asset Management Inc. grew its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 7,481.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,305 shares of the Wireless communications provider's stock after buying an additional 21,024 shares during the period. Meeder Asset Management Inc.'s holdings in T-Mobile US were worth $5,682,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. raised its position in T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. City Holding Co. raised its stake in T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after acquiring an additional 43 shares in the last quarter. Adirondack Trust Co. increased its position in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. Pinney & Scofield Inc. acquired a new position in T-Mobile US during the 4th quarter worth approximately $39,000. Finally, Tsfg LLC acquired a new position in T-Mobile US during the 1st quarter worth approximately $47,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of recent research reports. Tigress Financial upped their target price on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price objective for the company in a research report on Monday, July 7th. Morgan Stanley increased their price objective on shares of T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $256.31.

Insider Buying and Selling at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 1,473,190 shares of company stock worth $340,769,943. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $2.33 during trading hours on Wednesday, reaching $241.58. 4,208,604 shares of the stock traded hands, compared to its average volume of 4,375,379. The company has a market capitalization of $271.88 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52-week low of $176.89 and a 52-week high of $276.49. The company's 50-day simple moving average is $235.03 and its two-hundred day simple moving average is $245.00.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%. The firm had revenue of $21.13 billion for the quarter, compared to the consensus estimate of $20.99 billion. During the same quarter in the previous year, the business earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. Equities research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.46%. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

About T-Mobile US

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.