T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by Meridian Financial Partners LLC

Meridian Financial Partners LLC lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 46.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,065 shares of the Wireless communications provider's stock after selling 2,706 shares during the quarter. Meridian Financial Partners LLC's holdings in T-Mobile US were worth $817,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Godsey & Gibb Inc. lifted its holdings in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 60 shares in the last quarter. Rakuten Securities Inc. lifted its holdings in shares of T-Mobile US by 93.9% during the 4th quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after acquiring an additional 62 shares in the last quarter. CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US during the 4th quarter valued at $28,000. Adirondack Trust Co. lifted its holdings in shares of T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new position in shares of T-Mobile US during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Up 0.4%

NASDAQ TMUS opened at $245.86 on Friday. T-Mobile US, Inc. has a one year low of $171.18 and a one year high of $276.49. The company has a 50-day simple moving average of $248.49 and a 200-day simple moving average of $244.13. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. The firm has a market capitalization of $279.16 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The business 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 business posted $2.00 EPS. The company's quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share 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 paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TMUS shares. Scotiabank raised shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $275.00 to $277.50 in a research note on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 18th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Benchmark reaffirmed a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Eleven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $257.68.

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.

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