Meeder Advisory Services Inc. Takes Position in T-Mobile US, Inc. $TMUS

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

Other large investors have also recently modified their holdings of the company. Main Street Group LTD bought a new stake in T-Mobile US in the first quarter worth $25,000. JDM Financial Group LLC boosted its stake in T-Mobile US by 114.0% during the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the period. Swiss RE Ltd. bought a new position in T-Mobile US during the fourth quarter valued at $29,000. Paladin Partners LLC bought a new position in T-Mobile US during the second quarter valued at $25,000. Finally, Turning Point Benefit Group Inc. raised its stake in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares during the period. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, COO Jon Freier sold 4,799 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total value of $911,810.00. Following the transaction, the chief operating officer owned 217,168 shares of the company’s stock, valued at $41,261,920. This represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Trading Up 1.5%

Shares of TMUS opened at $182.75 on Wednesday. T-Mobile US, Inc. has a 1-year low of $165.66 and a 1-year high of $261.56. The company has a 50-day moving average of $181.70 and a 200 day moving average of $194.22. The firm 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. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83.

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

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. 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%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on TMUS shares. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Wednesday, April 22nd. Oppenheimer raised shares of T-Mobile US from a “market perform” rating to an “outperform” rating and set a $260.00 price objective on the stock in a research report on Wednesday, April 29th. TD Cowen decreased their price objective on shares of T-Mobile US from $261.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Wolfe Research restated a “peer perform” rating on shares of T-Mobile US in a research report on Friday, August 14th. Finally, Wells Fargo & Company cut their target price on T-Mobile US from $170.00 to $169.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $252.08.

About T-Mobile US

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.