Fortis Capital Advisors LLC Has $789,000 Stock Position in T-Mobile US, Inc. $TMUS

Fortis Capital Advisors LLC increased its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,310 shares of the Wireless communications provider’s stock after purchasing an additional 159 shares during the period. Fortis Capital Advisors LLC’s holdings in T-Mobile US were worth $789,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Activest Wealth Management increased its position in shares of T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the period. Godsey & Gibb Inc. increased its position in shares of T-Mobile US by 139.5% in the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the period. Missouri Trust & Investment Co increased its position in shares of T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 105 shares during the period. Stone House Investment Management LLC bought a new position in shares of T-Mobile US in the first quarter worth $29,000. Finally, TCTC Holdings LLC increased its position in shares of T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 77 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $230.27 on Friday. The stock has a market cap of $259.15 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.27 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. The stock’s 50-day moving average is $244.56 and its 200-day moving average is $244.10. T-Mobile US, Inc. has a 1-year low of $206.18 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.69 by $0.15. The company had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.49 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be paid a $1.02 dividend. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s payout ratio is presently 38.49%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TMUS shares. Arete Research upgraded T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Wolfe Research decreased their target price on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a research report on Tuesday. Rothschild & Co Redburn upgraded T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $280.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, The Goldman Sachs Group assumed coverage on T-Mobile US in a research report on Tuesday, September 2nd. They issued a “buy” rating and a $286.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $262.50.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 2,584,633 shares of company stock valued at $623,559,263 over the last quarter. 0.37% of the stock is owned by insiders.

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.