FORA Capital LLC Takes $4.90 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• FORA Capital LLC has acquired a new stake in T-Mobile US, investing approximately $4.90 million for 18,360 shares in the first quarter.
• Several institutional investors have increased their positions in T-Mobile US, with Adirondack Trust Co. expanding its holdings by 366.7% during the same period.
• T-Mobile US announced a quarterly dividend of $0.88 per share, scheduled for payment on September 11th, with the ex-dividend date set for August 29th.

FORA Capital LLC purchased a new stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,360 shares of the Wireless communications provider's stock, valued at approximately $4,897,000.

Other large investors have also made changes to their positions in the company. Godsey & Gibb Inc. increased its holdings in shares of T-Mobile US by 139.5% in the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock valued at $27,000 after purchasing an additional 60 shares in the last quarter. Stone House Investment Management LLC purchased a new position in shares of T-Mobile US in the 1st quarter valued at about $29,000. TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after acquiring an additional 77 shares in the last quarter. Adirondack Trust Co. increased its holdings in T-Mobile US by 366.7% during the 1st quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 110 shares in the last quarter. Finally, City Holding Co. increased its holdings in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock valued at $37,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on TMUS. Rothschild & Co Redburn upgraded shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a report on Monday, July 7th. Royal Bank Of Canada raised their target price on shares of T-Mobile US from $265.00 to $270.00 and gave the company a "sector perform" rating in a report on Friday, July 25th. Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Tigress Financial lifted their price target on shares of T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $256.31.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the transaction, the director directly owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. The trade was a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 2,278,730 shares of company stock worth $540,242,549 over the last 90 days. Insiders own 0.37% of the company's stock.

T-Mobile US Price Performance

TMUS opened at $251.74 on Tuesday. The company's 50 day simple moving average is $238.40 and its 200 day simple moving average is $248.05. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. T-Mobile US, Inc. has a 1 year low of $192.61 and a 1 year high of $276.49. The stock has a market capitalization of $283.31 billion, a PE ratio of 23.75, a P/E/G ratio of 1.38 and a beta of 0.62.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.15. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the company earned $2.49 earnings per share. The company's quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 33.21%.

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.

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