Merit Financial Group LLC Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Merit Financial Group LLC increased its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 33.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,692 shares of the Wireless communications provider's stock after buying an additional 2,435 shares during the period. Merit Financial Group LLC's holdings in T-Mobile US were worth $2,585,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TMUS. Norges Bank bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $1,802,393,000. GAMMA Investing LLC lifted its stake in shares of T-Mobile US by 29,289.4% in the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock valued at $814,416,000 after purchasing an additional 3,043,173 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $452,721,000. Finally, Capital International Investors lifted its stake in shares of T-Mobile US by 36.2% in the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock valued at $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Trading Down 3.2%

TMUS traded down $7.91 during trading on Monday, hitting $237.95. 4,537,262 shares of the stock were exchanged, compared to its average volume of 4,120,496. The firm has a 50 day simple moving average of $248.49 and a 200 day simple moving average of $244.19. The firm has a market cap of $270.18 billion, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 1 year low of $171.18 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. During the same period in the previous year, the company posted $2.00 EPS. The business's revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Analyst Ratings Changes

Several research firms have recently issued reports on TMUS. Wall Street Zen lowered T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $275.00 to $277.50 in a research note on Wednesday, April 30th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a report on Wednesday, March 5th. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Eleven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $257.68.

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.