Fortis Group Advisors LLC Sells 1,784 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Group Advisors LLC lowered its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 49.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,795 shares of the Wireless communications provider’s stock after selling 1,784 shares during the quarter. Fortis Group Advisors LLC’s holdings in T-Mobile US were worth $479,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider’s stock worth $2,610,542,000 after buying an additional 90,755 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of T-Mobile US by 4.6% during the 4th quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider’s stock worth $1,944,503,000 after purchasing an additional 384,956 shares during the last quarter. Norges Bank acquired a new position in shares of T-Mobile US during the 4th quarter worth approximately $1,802,393,000. Capital International Investors boosted its holdings in shares of T-Mobile US by 36.2% during the 4th quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider’s stock worth $1,440,424,000 after purchasing an additional 1,734,998 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in shares of T-Mobile US by 85.5% during the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider’s stock worth $1,329,919,000 after purchasing an additional 2,777,657 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the firm’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $238.08, for a total value of $16,627,507.20. Following the completion of the transaction, the director directly owned 647,660,844 shares of the company’s stock, valued at approximately $154,195,093,739.52. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,116,990 shares of company stock valued at $256,892,992. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on TMUS shares. Scotiabank raised shares of T-Mobile US from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $275.00 to $277.50 in a research report on Wednesday, April 30th. Wall Street Zen lowered T-Mobile US from a “buy” rating to a “hold” rating in a research report on Saturday, May 24th. Redburn Atlantic raised T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 target price on the stock in a research report on Monday, July 7th. Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective on the stock in a research report on Monday, July 7th. Finally, Benchmark reiterated a “buy” rating and set a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, T-Mobile US currently has an average rating of “Moderate Buy” and a consensus price target of $252.61.

T-Mobile US Trading Down 0.7%

NASDAQ:TMUS opened at $227.03 on Friday. The firm has a market cap of $257.78 billion, a P/E ratio of 22.15, a P/E/G ratio of 1.27 and a beta of 0.62. T-Mobile US, Inc. has a 52 week low of $173.74 and a 52 week high of $276.49. The firm’s fifty day moving average is $235.62 and its 200-day moving average is $243.67. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.48 by $0.10. T-Mobile US had a net margin of 14.41% and a return on equity of 19.09%. The firm had revenue of $20.89 billion for the quarter, compared to analyst estimates of $20.67 billion. During the same period last year, the firm earned $2.00 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US’s payout ratio is 34.34%.

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.