Meeder Advisory Services Inc. Buys 1,814 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Key Points

• Meeder Advisory Services Inc. has increased its holdings in T-Mobile US by 17.4%, now owning 12,241 shares valued at approximately $3.27 million.
• T-Mobile US reported strong quarterly earnings, with $2.84 per share exceeding analyst estimates, and a revenue increase of 6.9% year-over-year to $21.13 billion.
• The company declared a quarterly dividend of $0.88 per share, representing an annualized yield of 1.48%, payable on September 11th.

Meeder Advisory Services Inc. lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 17.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,241 shares of the Wireless communications provider's stock after acquiring an additional 1,814 shares during the quarter. Meeder Advisory Services Inc.'s holdings in T-Mobile US were worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Crestwood Advisors Group LLC lifted its stake in shares of T-Mobile US by 79.5% in the first quarter. Crestwood Advisors Group LLC now owns 1,635 shares of the Wireless communications provider's stock valued at $436,000 after buying an additional 724 shares during the period. Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the fourth quarter worth approximately $2,539,000. Advisor Resource Council acquired a new stake in shares of T-Mobile US in the first quarter valued at approximately $463,000. Main Street Research LLC grew its holdings in T-Mobile US by 1.0% during the 1st quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider's stock worth $47,448,000 after acquiring an additional 1,788 shares during the period. Finally, Westpac Banking Corp grew its holdings in T-Mobile US by 25.4% during the 4th quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider's stock worth $2,304,000 after acquiring an additional 2,113 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the transaction, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,473,190 shares of company stock worth $340,769,943 over the last ninety days. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

Shares of NASDAQ TMUS traded up $2.33 during trading hours on Wednesday, hitting $241.58. 4,208,604 shares of the stock were exchanged, compared to its average volume of 4,375,379. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The company has a market cap of $271.88 billion, a PE ratio of 22.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.62. The company's fifty day simple moving average is $235.03 and its two-hundred day simple moving average is $245.00. T-Mobile US, Inc. has a 1-year low of $176.89 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to the consensus estimate of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.49 EPS. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business 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. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is presently 33.21%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. KeyCorp reaffirmed an "underweight" rating and set a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. Bank of America assumed coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Morgan Stanley boosted their price target on shares of T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target for the company in a report on Monday, July 7th. Finally, Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average price target of $256.31.

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.