Fortis Group Advisors LLC Trims Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Fortis Group Advisors LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 49.8% in the first quarter, according to its most recent filing 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 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in TMUS. Godsey & Gibb Inc. grew its holdings in shares of T-Mobile US by 139.5% during the first quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider's stock worth $27,000 after purchasing an additional 60 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US during the fourth quarter worth about $28,000. Adirondack Trust Co. grew its holdings in shares of T-Mobile US by 366.7% during the first quarter. Adirondack Trust Co. now owns 140 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 110 shares in the last quarter. City Holding Co. grew its holdings in shares of T-Mobile US by 45.3% during the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after purchasing an additional 43 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in shares of T-Mobile US during the fourth quarter worth about $39,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of several recent analyst reports. Tigress Financial boosted their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Rothschild & Co Redburn raised T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 target price for the company in a research note on Monday, July 7th. Arete Research raised T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a research note on Thursday, March 27th. Finally, Bank of America began coverage on T-Mobile US in a research note on Monday, July 7th. They issued a "neutral" rating and a $255.00 target price for the company. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and an average target price of $252.61.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $228.28, for a total value of $15,943,075.20. Following the sale, the director directly owned 647,171,964 shares of the company's stock, valued at $147,736,415,941.92. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 1,116,990 shares of company stock valued at $256,892,992 over the last 90 days. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 0.1%

Shares of T-Mobile US stock traded up $0.18 during midday trading on Friday, reaching $227.21. 3,773,586 shares of the company's stock traded hands, compared to its average volume of 4,093,995. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. The company has a market cap of $257.98 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 1.26 and a beta of 0.62. The stock has a 50 day moving average of $235.62 and a 200-day moving average of $243.67. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The company had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share. As a group, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal 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. The ex-dividend date is Friday, August 29th. This represents a $3.52 annualized dividend and a yield of 1.55%. T-Mobile US's payout ratio is 34.34%.

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.