Fortis Capital Advisors LLC Has $2.25 Million Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Capital Advisors LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 73.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,176 shares of the Wireless communications provider’s stock after acquiring an additional 4,298 shares during the period. T-Mobile US comprises approximately 0.7% of Fortis Capital Advisors LLC’s holdings, 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 reporting period.

A number of other hedge funds also recently modified their holdings of the company. Norges Bank bought a new stake in T-Mobile US in the fourth quarter valued at about $1,802,393,000. Raymond James Financial Inc. bought a new stake in shares of T-Mobile US in the 4th quarter valued at approximately $452,721,000. Barclays PLC raised its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after buying an additional 876,182 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of T-Mobile US by 31,353.2% during the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider’s stock worth $140,172,000 after buying an additional 633,021 shares during the period. Finally, Franklin Resources Inc. boosted its stake in T-Mobile US by 9.9% in the 3rd quarter. Franklin Resources Inc. now owns 6,553,703 shares of the Wireless communications provider’s stock valued at $1,448,426,000 after buying an additional 590,711 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

TMUS has been the subject of several recent analyst reports. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Citigroup downgraded shares of T-Mobile US from a “buy” rating to a “neutral” rating and set a $268.00 price target for the company. in a report on Friday, March 14th. Barclays boosted their price target on shares of T-Mobile US from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Wells Fargo & Company reaffirmed an “equal weight” rating on shares of T-Mobile US in a report on Wednesday, February 26th. Finally, Oppenheimer boosted their target price on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Eleven investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $256.80.

T-Mobile US Stock Up 1.0 %

NASDAQ:TMUS opened at $258.67 on Friday. The stock’s fifty day simple moving average is $260.28 and its 200-day simple moving average is $237.28. The firm has a market capitalization of $295.34 billion, a P/E ratio of 26.75, a P/E/G ratio of 1.55 and a beta of 0.63. 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, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities research analysts expect 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 issued a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a yield of 1.36%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

Insider Transactions at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.67% of the company’s stock.

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.