Fortis Group Advisors LLC Grows Stake in T-Mobile US, Inc. $TMUS

Fortis Group Advisors LLC boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 312.7% during the 4th quarter, HoldingsChannel reports. The firm owned 4,205 shares of the Wireless communications provider’s stock after buying an additional 3,186 shares during the period. Fortis Group Advisors LLC’s holdings in T-Mobile US were worth $829,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of TMUS. Sei Investments Co. increased its holdings in T-Mobile US by 6.3% during the 2nd quarter. Sei Investments Co. now owns 142,587 shares of the Wireless communications provider’s stock worth $33,972,000 after purchasing an additional 8,491 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of T-Mobile US by 315.7% in the 2nd quarter. Diversify Advisory Services LLC now owns 4,548 shares of the Wireless communications provider’s stock valued at $1,147,000 after acquiring an additional 3,454 shares during the period. Darwin Wealth Management LLC purchased a new position in shares of T-Mobile US in the 2nd quarter valued at $375,000. Raymond James Financial Inc. increased its holdings in shares of T-Mobile US by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 2,054,144 shares of the Wireless communications provider’s stock valued at $489,420,000 after acquiring an additional 9,568 shares during the period. Finally, Viking Global Investors LP increased its holdings in shares of T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the sale, the insider owned 65,677 shares of the company’s stock, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the sale, the director directly owned 1,038 shares of the company’s stock, valued at approximately $229,501.80. This represents a 76.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,620 shares of company stock worth $5,527,602 in the last quarter. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Up 0.4%

T-Mobile US stock opened at $190.90 on Friday. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.09 and a quick ratio of 0.97. The stock has a market capitalization of $206.59 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.12 and a beta of 0.33. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $261.56. The business has a fifty day moving average price of $199.10 and a 200-day moving average price of $202.31.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.01 by $0.26. The firm had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.58 EPS. Equities research analysts forecast that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s payout ratio is currently 43.40%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Tuesday. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, May 6th. Wells Fargo & Company lifted their price target on T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, February 13th. Barclays reiterated a “buy” rating on shares of T-Mobile US in a report on Friday, April 24th. Finally, Wall Street Zen upgraded T-Mobile US from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $260.48.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.