Fortis Capital Advisors LLC Grows Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Capital Advisors LLC lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 87.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,153 shares of the Wireless communications provider’s stock after purchasing an additional 1,472 shares during the quarter. Fortis Capital Advisors LLC’s holdings in T-Mobile US were worth $506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. OLD National Bancorp IN grew its holdings in shares of T-Mobile US by 1.9% during the 4th quarter. OLD National Bancorp IN now owns 3,356 shares of the Wireless communications provider’s stock worth $538,000 after purchasing an additional 62 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in T-Mobile US by 3.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 1,748 shares of the Wireless communications provider’s stock valued at $280,000 after acquiring an additional 66 shares during the period. Transatlantique Private Wealth LLC boosted its holdings in T-Mobile US by 0.4% during the 3rd quarter. Transatlantique Private Wealth LLC now owns 16,400 shares of the Wireless communications provider’s stock valued at $2,296,000 after acquiring an additional 68 shares during the period. Hohimer Wealth Management LLC boosted its holdings in T-Mobile US by 0.9% during the 3rd quarter. Hohimer Wealth Management LLC now owns 7,526 shares of the Wireless communications provider’s stock valued at $1,054,000 after acquiring an additional 68 shares during the period. Finally, Tranquility Partners LLC boosted its holdings in T-Mobile US by 1.9% during the 4th quarter. Tranquility Partners LLC now owns 3,826 shares of the Wireless communications provider’s stock valued at $613,000 after acquiring an additional 71 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TMUS. Raymond James raised their target price on T-Mobile US from $180.00 to $185.00 and gave the company a “strong-buy” rating in a report on Friday, January 26th. Citigroup raised their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a report on Monday, March 25th. Benchmark restated a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a report on Friday, January 26th. Tigress Financial raised their target price on T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 8th. Finally, Royal Bank of Canada lifted their price objective on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, T-Mobile US currently has a consensus rating of “Buy” and a consensus target price of $186.33.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $163.85, for a total transaction of $31,936,003.50. Following the sale, the director now owns 686,227,541 shares of the company’s stock, valued at approximately $112,438,382,592.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other T-Mobile US news, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of T-Mobile US stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $163.85, for a total value of $31,936,003.50. Following the transaction, the director now directly owns 686,227,541 shares in the company, valued at approximately $112,438,382,592.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,829,770 shares of company stock valued at $1,112,065,505. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 0.6 %

Shares of NASDAQ TMUS traded up $1.03 during midday trading on Friday, hitting $166.00. 3,722,101 shares of the company’s stock were exchanged, compared to its average volume of 4,302,309. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.94 and a quick ratio of 0.86. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64. The company has a market cap of $194.53 billion, a PE ratio of 22.59, a P/E/G ratio of 0.64 and a beta of 0.48. The firm’s fifty day simple moving average is $162.60 and its 200-day simple moving average is $160.11.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The business had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same quarter last year, the company earned $1.58 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s dividend payout ratio (DPR) is presently 35.37%.

T-Mobile US Profile

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.