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

Fortis Capital Advisors LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 73.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,176 shares of the Wireless communications provider's stock after acquiring an additional 4,298 shares during the quarter. T-Mobile US accounts for approximately 0.7% of Fortis Capital Advisors LLC's investment portfolio, making the stock its 20th largest holding. Fortis Capital Advisors LLC's holdings in T-Mobile US were worth $2,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Principal Financial Group Inc. lifted its stake in shares of T-Mobile US by 2.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after purchasing an additional 47,350 shares during the last quarter. Barclays PLC raised its holdings in T-Mobile US by 38.3% in the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after purchasing an additional 876,182 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of T-Mobile US by 23.2% during the third quarter. Sunbelt Securities Inc. now owns 812 shares of the Wireless communications provider's stock valued at $168,000 after buying an additional 153 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of T-Mobile US by 3.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 6,619 shares of the Wireless communications provider's stock valued at $1,366,000 after buying an additional 190 shares in the last quarter. Finally, Passumpsic Savings Bank purchased a new position in shares of T-Mobile US in the 3rd quarter worth approximately $2,634,000. 42.49% of the stock is currently owned by institutional investors.

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Insider Buying and Selling

In related news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Performance

Shares of NASDAQ TMUS traded up $4.07 during midday trading on Tuesday, reaching $266.71. 3,129,798 shares of the stock were exchanged, compared to its average volume of 4,234,689. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a market cap of $304.51 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 1.55 and a beta of 0.63. The firm has a 50-day simple moving average of $260.69 and a two-hundred day simple moving average of $237.92. T-Mobile US, Inc. has a twelve month low of $159.14 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.32%. T-Mobile US's dividend payout ratio is presently 36.40%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on TMUS shares. Scotiabank raised their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the company a "sector perform" rating in a research note on Monday, March 3rd. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 target price on the stock. in a research note on Friday, March 14th. Morgan Stanley started coverage on T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 price target for the company. Royal Bank of Canada boosted their price target on T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a research note on Friday, March 21st. Finally, 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. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $256.80.

T-Mobile US Company 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.