Meeder Advisory Services Inc. Makes New $2.07 Million Investment in T-Mobile US, Inc. $TMUS

Meeder Advisory Services Inc. purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 12,348 shares of the Wireless communications provider’s stock, valued at approximately $2,071,000.

Other hedge funds have also recently modified their holdings of the company. CYBER HORNET ETFs LLC increased its holdings in T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock valued at $316,000 after buying an additional 48 shares during the period. Meeder Asset Management Inc. lifted its holdings in T-Mobile US by 16.2% during the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock worth $71,000 after buying an additional 49 shares during the period. Wellspring Financial Advisors LLC boosted its position in T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock valued at $259,000 after acquiring an additional 52 shares in the last quarter. Essex Financial Services Inc. boosted its position in T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock valued at $326,000 after acquiring an additional 53 shares in the last quarter. Finally, Tcfg Wealth Management LLC increased its holdings in shares of T-Mobile US by 5.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock valued at $239,000 after acquiring an additional 53 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Up 1.5%

T-Mobile US stock opened at $182.75 on Wednesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The stock has a market capitalization of $196.03 billion, a price-to-earnings ratio of 19.14, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The business has a fifty day moving average price of $181.70 and a 200-day moving average price of $194.22.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The company had revenue of $22.79 billion for the quarter, compared to analyst estimates of $22.95 billion. During the same period in the prior year, the company posted $2.84 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.2%. T-Mobile US’s payout ratio is presently 42.72%.

Insider Activity

In other news, COO Jon Freier sold 4,799 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $190.00, for a total transaction of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares in the company, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen reduced their price target on T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, July 24th. DZ Bank reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Wednesday, May 6th. Barclays cut their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. UBS Group reduced their target price on shares of T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. Finally, Oppenheimer upgraded shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price target on the stock in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.