T-Mobile US, Inc. (NASDAQ:TMUS) Position Increased by Fortis Capital Management LLC

Fortis Capital Management LLC raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,905 shares of the Wireless communications provider's stock after purchasing an additional 4,452 shares during the quarter. Fortis Capital Management LLC's holdings in T-Mobile US were worth $4,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Dunhill Financial LLC raised its holdings in shares of T-Mobile US by 76.7% during the 3rd quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 56 shares during the period. Rakuten Securities Inc. raised its stake in shares of T-Mobile US by 93.9% during the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider's stock valued at $28,000 after purchasing an additional 62 shares during the period. Financial Life Planners acquired a new position in shares of T-Mobile US during the fourth quarter worth $29,000. Legacy Investment Solutions LLC purchased a new position in shares of T-Mobile US in the third quarter valued at $34,000. Finally, Bruce G. Allen Investments LLC grew its holdings in T-Mobile US by 79.3% during the 4th quarter. Bruce G. Allen Investments LLC now owns 165 shares of the Wireless communications provider's stock valued at $36,000 after purchasing an additional 73 shares in the last quarter. Institutional investors and hedge funds own 42.49% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. KeyCorp downgraded T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 target price for the company. in a research note on Thursday, December 12th. Bank of America raised their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Benchmark reiterated a "buy" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Finally, Citigroup cut shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $255.80.

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T-Mobile US Stock Performance

NASDAQ TMUS traded down $0.21 on Tuesday, hitting $258.75. The stock had a trading volume of 2,941,039 shares, compared to its average volume of 3,965,418. The company's 50-day moving average is $249.10 and its two-hundred day moving average is $231.22. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The stock has a market cap of $295.43 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.36%. The ex-dividend date is Friday, May 30th. T-Mobile US's payout ratio is currently 36.40%.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.67% of the stock is currently 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.