Fort L.P. Makes New $254,000 Investment in T-Mobile US, Inc. (NASDAQ:TMUS)

Fort L.P. bought a new position in T-Mobile US, Inc. (NASDAQ:TMUS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,233 shares of the Wireless communications provider’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DT Investment Partners LLC boosted its holdings in shares of T-Mobile US by 65.3% in the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 47 shares during the period. MFA Wealth Advisors LLC boosted its holdings in shares of T-Mobile US by 128.3% during the third quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 77 shares during the period. WASHINGTON TRUST Co boosted its holdings in shares of T-Mobile US by 143.1% during the second quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 83 shares during the period. Y.D. More Investments Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. Finally, Summit Securities Group LLC acquired a new stake in shares of T-Mobile US during the second quarter worth approximately $27,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TMUS shares. Citigroup raised their price objective on shares of T-Mobile US from $210.00 to $254.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen raised their price objective on shares of T-Mobile US from $216.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Bank of America raised their price objective on shares of T-Mobile US from $220.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group lifted their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Tigress Financial lifted their price target on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $241.83.

Insider Activity

In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Deeanne King sold 15,437 shares of T-Mobile US stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the transaction, the executive vice president now directly owns 35,588 shares of the company’s stock, valued at $6,761,720. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of T-Mobile US stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 359,261 shares of company stock worth $72,263,430. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $0.12 on Friday, hitting $223.28. The stock had a trading volume of 2,922,071 shares, compared to its average volume of 3,705,053. T-Mobile US, Inc. has a twelve month low of $143.90 and a twelve month high of $234.56. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.99 and a current ratio of 1.08. The firm’s 50 day moving average price is $208.90 and its 200-day moving average price is $187.65. The company has a market capitalization of $259.11 billion, a price-to-earnings ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.50.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating the consensus estimate of $2.32 by $0.29. T-Mobile US had a net margin of 12.96% and a return on equity of 16.35%. The company had revenue of $20.16 billion for the quarter, compared to the consensus estimate of $20.01 billion. During the same quarter in the previous year, the company earned $1.82 EPS. The firm’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, equities research analysts predict that T-Mobile US, Inc. will post 9.36 earnings per share for the current year.

T-Mobile US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s payout ratio is currently 29.65%.

About T-Mobile US

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.