Meridian Financial Partners LLC Acquires 89 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Meridian Financial Partners LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,746 shares of the Wireless communications provider’s stock after purchasing an additional 89 shares during the quarter. Meridian Financial Partners LLC’s holdings in T-Mobile US were worth $1,186,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Riverview Trust Co increased its holdings in shares of T-Mobile US by 10.3% during the third quarter. Riverview Trust Co now owns 909 shares of the Wireless communications provider’s stock worth $188,000 after buying an additional 85 shares in the last quarter. Moss Adams Wealth Advisors LLC bought a new stake in shares of T-Mobile US during the third quarter worth approximately $427,000. KMG Fiduciary Partners LLC boosted its stake in T-Mobile US by 2.5% in the third quarter. KMG Fiduciary Partners LLC now owns 18,476 shares of the Wireless communications provider’s stock valued at $3,813,000 after acquiring an additional 451 shares during the last quarter. Net Worth Advisory Group bought a new stake in T-Mobile US in the third quarter valued at about $693,000. Finally, Stratos Wealth Advisors LLC increased its stake in shares of T-Mobile US by 9.1% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 1,835 shares of the Wireless communications provider’s stock valued at $379,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the transaction, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the sale, the executive vice president now owns 35,588 shares in the company, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 349,261 shares of company stock valued at $69,411,130 over the last ninety days. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $223.21 on Friday. The stock has a market capitalization of $261.57 billion, a PE ratio of 30.37, a PEG ratio of 1.12 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $136.85 and a one year high of $223.45. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.84 and a quick ratio of 0.78. The business’s 50 day simple moving average is $203.23 and its 200 day simple moving average is $183.05.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm had revenue of $19.77 billion during the quarter, compared to the consensus estimate of $19.61 billion. During the same period last year, the business posted $1.86 EPS. The business’s revenue was up 3.0% compared to the same quarter last year. As a group, research analysts forecast that T-Mobile US, Inc. will post 9.14 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is presently 47.89%.

Analyst Upgrades and Downgrades

TMUS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Benchmark lifted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Friday, September 20th. KeyCorp increased their price objective on T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Evercore ISI upped their price objective on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Finally, Royal Bank of Canada lifted their target price on T-Mobile US from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. One investment analyst has rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $217.50.

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.