Meeder Asset Management Inc. Has $6.08 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Meeder Asset Management Inc. reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 79.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,889 shares of the Wireless communications provider's stock after selling 143,054 shares during the period. Meeder Asset Management Inc.'s holdings in T-Mobile US were worth $6,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Softbank Group CORP. raised its holdings in shares of T-Mobile US by 9.0% in the 2nd quarter. Softbank Group CORP. now owns 43,338,209 shares of the Wireless communications provider's stock worth $6,019,677,000 after purchasing an additional 3,566,400 shares in the last quarter. Norges Bank bought a new stake in shares of T-Mobile US in the 4th quarter worth approximately $2,801,442,000. Morgan Stanley raised its holdings in shares of T-Mobile US by 0.9% in the 3rd quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock worth $1,576,332,000 after purchasing an additional 104,490 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of T-Mobile US by 7.1% in the 3rd quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock worth $1,471,269,000 after purchasing an additional 693,443 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of T-Mobile US by 0.6% during the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock valued at $1,074,920,000 after acquiring an additional 45,196 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $163.14, for a total transaction of $31,797,617.40. Following the completion of the transaction, the director now directly owns 692,659,571 shares of the company's stock, valued at approximately $113,000,482,412.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $163.14, for a total transaction of $31,797,617.40. Following the completion of the transaction, the director now directly owns 692,659,571 shares of the company's stock, valued at approximately $113,000,482,412.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Teresa Taylor sold 12,022 shares of T-Mobile US stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $161.80, for a total transaction of $1,945,159.60. Following the transaction, the director now directly owns 13,014 shares of the company's stock, valued at $2,105,665.20. The disclosure for this sale can be found here. Insiders sold 5,918,567 shares of company stock valued at $963,239,758 in the last ninety days. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the topic of a number of recent analyst reports. KeyCorp cut their price target on shares of T-Mobile US from $183.00 to $175.00 and set an "overweight" rating on the stock in a report on Friday, January 26th. UBS Group boosted their price target on shares of T-Mobile US from $180.00 to $186.00 and gave the company a "buy" rating in a report on Wednesday, December 13th. Royal Bank of Canada restated an "outperform" rating and set a $184.00 price target on shares of T-Mobile US in a report on Wednesday, March 20th. Oppenheimer restated an "outperform" rating and set a $190.00 price target on shares of T-Mobile US in a report on Wednesday. Finally, Benchmark restated a "buy" rating and set a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $185.93.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded down $0.50 during midday trading on Friday, reaching $161.11. 3,172,724 shares of the company's stock were exchanged, compared to its average volume of 4,014,133. The company's 50 day simple moving average is $162.53 and its two-hundred day simple moving average is $154.87. The firm has a market capitalization of $191.22 billion, a PE ratio of 23.25, a price-to-earnings-growth ratio of 0.65 and a beta of 0.49. T-Mobile US, Inc. has a 12 month low of $124.92 and a 12 month high of $168.64. The company has a debt-to-equity ratio of 1.18, 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 data on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing analysts' consensus estimates of $1.90 by ($0.23). The business had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Equities research analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date is Friday, May 31st. T-Mobile US's payout ratio is 37.52%.

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.