Meeder Advisory Services Inc. Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Meeder Advisory Services Inc. decreased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,868 shares of the Wireless communications provider’s stock after selling 159 shares during the quarter. Meeder Advisory Services Inc.’s holdings in T-Mobile US were worth $2,036,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 83 shares in the last quarter. DT Investment Partners LLC raised its stake in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after buying an additional 47 shares in the last quarter. Summit Securities Group LLC bought a new position in T-Mobile US during the 2nd quarter worth approximately $27,000. Y.D. More Investments Ltd acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $27,000. Finally, MFA Wealth Advisors LLC increased its holdings in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on TMUS shares. Daiwa America upgraded T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their price target on shares of T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Barclays raised their target price on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Benchmark increased their price target on T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Tigress Financial boosted their price objective on T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Trading Up 0.6 %

Shares of NASDAQ:TMUS opened at $237.03 on Tuesday. T-Mobile US, Inc. has a twelve month low of $147.24 and a twelve month high of $242.43. The company has a current ratio of 1.08, a quick ratio of 0.99 and a debt-to-equity ratio of 1.23. The firm has a market cap of $275.07 billion, a P/E ratio of 27.03, a P/E/G ratio of 1.20 and a beta of 0.50. The company has a 50 day moving average of $216.71 and a 200-day moving average of $193.34.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Wednesday, November 27th. T-Mobile US’s payout ratio is presently 29.65%.

Insiders Place Their Bets

In other news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Raul Marcelo Claure sold 1,572 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the sale, the director now directly owns 1,824,632 shares of the company’s stock, valued at approximately $357,627,872. This represents a 0.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 455,338 shares of company stock worth $95,539,866. 0.67% of the stock is owned by corporate insiders.

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.