Fortis Capital Management LLC Reduces Stock Position in T-Mobile US, Inc. $TMUS

Fortis Capital Management LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 84.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,099 shares of the Wireless communications provider’s stock after selling 26,969 shares during the period. Fortis Capital Management LLC’s holdings in T-Mobile US were worth $1,071,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CYBER HORNET ETFs LLC boosted its position in T-Mobile US by 3.8% during the third quarter. CYBER HORNET ETFs LLC now owns 1,319 shares of the Wireless communications provider’s stock worth $316,000 after purchasing an additional 48 shares in the last quarter. Meeder Asset Management Inc. increased its position in shares of T-Mobile US by 16.2% in the fourth quarter. Meeder Asset Management Inc. now owns 351 shares of the Wireless communications provider’s stock valued at $71,000 after buying an additional 49 shares in the last quarter. Wellspring Financial Advisors LLC raised its stake in shares of T-Mobile US by 4.3% during the 4th quarter. Wellspring Financial Advisors LLC now owns 1,273 shares of the Wireless communications provider’s stock worth $259,000 after buying an additional 52 shares during the last quarter. Essex Financial Services Inc. raised its stake in shares of T-Mobile US by 3.5% during the 1st quarter. Essex Financial Services Inc. now owns 1,551 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 53 shares during the last quarter. Finally, Tcfg Wealth Management LLC raised its stake in shares of T-Mobile US by 5.6% during the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $195.81, for a total transaction of $979,050.00. Following the sale, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. This trade represents a 2.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Jon Freier sold 4,799 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $190.00, for a total transaction of $911,810.00. Following the sale, the chief operating officer owned 217,168 shares in the company, valued at approximately $41,261,920. This trade represents a 2.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a research note on Monday. Scotiabank cut their target price on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating for the company in a research report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of T-Mobile US in a report on Wednesday, April 29th. Bank of America upgraded shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Monday, July 6th. Finally, Morgan Stanley dropped their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $254.56.

T-Mobile US Stock Down 2.5%

TMUS opened at $190.77 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.09 and a debt-to-equity ratio of 1.58. The firm has a market cap of $206.45 billion, a P/E ratio of 20.29, a PEG ratio of 1.16 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.56. The business’s fifty day simple moving average is $184.97 and its 200 day simple moving average is $196.06.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The firm had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the previous year, the company posted $2.58 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 10.53 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.02 per share. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 2.1%. T-Mobile US’s payout ratio is 43.40%.

T-Mobile US Profile

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.