Fortis Group Advisors LLC Has $479,000 Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Group Advisors LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 49.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,795 shares of the Wireless communications provider’s stock after selling 1,784 shares during the period. Fortis Group Advisors LLC’s holdings in T-Mobile US were worth $479,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Burling Wealth Partners LLC acquired a new stake in shares of T-Mobile US during the 4th quarter worth approximately $2,539,000. Mizuho Securities USA LLC increased its holdings in shares of T-Mobile US by 45.4% in the fourth quarter. Mizuho Securities USA LLC now owns 46,195 shares of the Wireless communications provider’s stock worth $10,197,000 after purchasing an additional 14,418 shares during the period. Advisor Resource Council purchased a new stake in shares of T-Mobile US during the first quarter worth about $463,000. Westpac Banking Corp lifted its holdings in T-Mobile US by 25.4% in the fourth quarter. Westpac Banking Corp now owns 10,439 shares of the Wireless communications provider’s stock worth $2,304,000 after buying an additional 2,113 shares during the period. Finally, Main Street Research LLC increased its position in shares of T-Mobile US by 1.0% during the first quarter. Main Street Research LLC now owns 177,902 shares of the Wireless communications provider’s stock valued at $47,448,000 after acquiring an additional 1,788 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the business’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total value of $15,943,075.20. Following the transaction, the director directly owned 647,171,964 shares in the company, valued at $147,736,415,941.92. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 1,116,990 shares of company stock worth $256,892,992 over the last three months. Insiders own 0.37% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $227.03 on Friday. The firm has a market cap of $257.78 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a 52-week low of $173.74 and a 52-week high of $276.49. The business’s 50 day moving average price is $235.62 and its two-hundred day moving average price is $243.67. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion for the quarter, compared to analysts’ expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.00 EPS. On average, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date is Friday, August 29th. T-Mobile US’s dividend payout ratio is presently 34.34%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TMUS. Royal Bank Of Canada lifted their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 21st. Bank of America assumed coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. Finally, KeyCorp reiterated an “underweight” rating and issued a $200.00 target price on shares of T-Mobile US in a report on Wednesday, July 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.61.

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.