T-Mobile US, Inc. (NASDAQ:TMUS) Stock Holdings Decreased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. decreased its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,868 shares of the Wireless communications provider’s stock after selling 159 shares during the period. Meeder Advisory Services Inc.’s holdings in T-Mobile US were worth $2,036,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Legal & General Group Plc boosted its holdings in shares of T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider’s stock worth $837,032,000 after purchasing an additional 303,582 shares during the period. Blackstone Inc. acquired a new stake in shares of T-Mobile US during the 1st quarter valued at $48,966,000. International Assets Investment Management LLC grew its holdings in shares of T-Mobile US by 21,580.9% during the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares in the last quarter. Swedbank AB acquired a new position in shares of T-Mobile US in the first quarter worth $38,784,000. Finally, Distillate Capital Partners LLC purchased a new stake in shares of T-Mobile US during the second quarter worth $41,860,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other T-Mobile US news, CFO Peter Osvaldik sold 20,000 shares of T-Mobile US stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $233.55, for a total transaction of $4,671,000.00. Following the sale, the chief financial officer now directly owns 61,307 shares of the company’s stock, valued at approximately $14,318,249.85. The trade was a 24.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 132,309 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares of the company’s stock, valued at approximately $305,183,874.96. The trade was a 7.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 455,338 shares of company stock worth $95,539,866. Company insiders own 0.67% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the topic of several research reports. The Goldman Sachs Group upped their target price on T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. KeyCorp increased their price objective on T-Mobile US from $230.00 to $252.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. Citigroup lifted their target price on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Royal Bank of Canada raised their price target on shares of T-Mobile US from $232.00 to $255.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, BNP Paribas raised shares of T-Mobile US to a “strong-buy” rating in a research report on Friday, October 25th. Three investment 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $241.83.

T-Mobile US Price Performance

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

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, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same quarter last year, the company earned $1.82 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. Analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Increases Dividend

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

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.