Fortis Group Advisors LLC Has $790,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Group Advisors LLC lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,579 shares of the Wireless communications provider’s stock after acquiring an additional 65 shares during the period. Fortis Group Advisors LLC’s holdings in T-Mobile US were worth $790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC increased 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. International Assets Investment Management LLC increased its stake in shares of T-Mobile US by 21,580.9% in the 3rd quarter. International Assets Investment Management LLC now owns 249,981 shares of the Wireless communications provider’s stock valued at $51,586,000 after acquiring an additional 248,828 shares in the last quarter. Gladstone Institutional Advisory LLC acquired a new position in shares of T-Mobile US during the 4th quarter valued at $1,552,000. Trust Co. of Vermont boosted its stake in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Finally, Swedbank AB boosted its stake in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock worth $52,631,000 after acquiring an additional 12,411 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays upped their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Sanford C. Bernstein began coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price objective for the company. Tigress Financial increased their target price on T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Daiwa America upgraded shares of T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US currently has an average rating of “Moderate Buy” and an average target price of $251.79.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andre Almeida bought 3,808 shares of T-Mobile US stock in a transaction dated Monday, December 9th. The stock was acquired at an average price of $235.72 per share, with a total value of $897,621.76. Following the purchase, the director now directly owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 3,100 shares of company stock valued at $747,378 in the last 90 days. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $270.82 on Tuesday. The company has a market capitalization of $309.21 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.44 and a beta of 0.56. The company’s 50-day moving average is $227.66 and its 200 day moving average is $218.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a fifty-two week low of $158.84 and a fifty-two week high of $271.41.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders 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 1.30%. T-Mobile US’s payout ratio is presently 36.40%.

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.