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

Fortis Group Advisors LLC boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 28.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,514 shares of the Wireless communications provider’s stock after purchasing an additional 773 shares during the period. Fortis Group Advisors LLC’s holdings in T-Mobile US were worth $725,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TMUS. &PARTNERS bought a new stake in T-Mobile US in the 1st quarter valued at $296,000. Global Assets Advisory LLC acquired a new stake in T-Mobile US in the 1st quarter valued at about $4,992,000. Strategic Planning Group LLC lifted its holdings in T-Mobile US by 12.7% during the 1st quarter. Strategic Planning Group LLC now owns 3,756 shares of the Wireless communications provider’s stock worth $613,000 after buying an additional 422 shares in the last quarter. Sound Income Strategies LLC lifted its stake in shares of T-Mobile US by 539.0% during the first quarter. Sound Income Strategies LLC now owns 1,016 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 857 shares during the period. Finally, Atlas Capital Advisors LLC boosted its stake in shares of T-Mobile US by 5.1% in the 1st quarter. Atlas Capital Advisors LLC now owns 9,411 shares of the Wireless communications provider’s stock valued at $1,536,000 after purchasing an additional 454 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. The Goldman Sachs Group began coverage on shares of T-Mobile US in a report on Monday, July 1st. They issued a “buy” rating and a $200.00 target price on the stock. Scotiabank downgraded shares of T-Mobile US from a “sector outperform” rating to a “sector perform” rating and increased their price objective for the stock from $215.50 to $236.00 in a research note on Friday. TD Cowen boosted their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Finally, Raymond James lowered shares of T-Mobile US from a “strong-buy” rating to an “outperform” rating and upped their price target for the company from $208.00 to $221.00 in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $219.94.

T-Mobile US Stock Down 1.0 %

T-Mobile US stock traded down $2.27 during trading hours on Tuesday, hitting $220.50. The stock had a trading volume of 922,793 shares, compared to its average volume of 4,460,517. The stock has a market capitalization of $258.39 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. T-Mobile US, Inc. has a 12-month low of $136.92 and a 12-month high of $223.91. The stock’s 50-day moving average price is $203.79 and its 200-day moving average price is $183.77.

T-Mobile US (NASDAQ:TMUS) last announced its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that T-Mobile US, Inc. will post 9.14 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.88 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.60%. T-Mobile US’s dividend payout ratio (DPR) is currently 47.89%.

Insider Transactions at T-Mobile US

In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. This trade represents a 0.00 % 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. In other T-Mobile US news, EVP Mark Wolfe Nelson sold 42,769 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the transaction, the executive vice president now owns 61,871 shares in the company, valued at $13,380,222.46. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jon Freier sold 10,000 shares of T-Mobile US stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the sale, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 349,261 shares of company stock valued at $69,411,130. 0.67% of the stock is currently owned by corporate insiders.

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.