FORA Capital LLC Sells 4,564 Shares of T-Mobile US, Inc. $TMUS

FORA Capital LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,796 shares of the Wireless communications provider’s stock after selling 4,564 shares during the quarter. FORA Capital LLC’s holdings in T-Mobile US were worth $3,287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TMUS. Activest Wealth Management lifted its stake in T-Mobile US by 9,400.0% in the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 94 shares during the last quarter. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the second quarter worth $25,000. Missouri Trust & Investment Co lifted its stake in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 105 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of T-Mobile US by 112.1% in the 2nd quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 2nd quarter valued at $31,000. 42.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TMUS shares. Scotiabank increased their target price on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Benchmark raised their price objective on shares of T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. BNP Paribas Exane boosted their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Zacks Research upgraded shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, Argus cut their price target on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $263.71.

T-Mobile US Stock Down 0.1%

T-Mobile US stock opened at $195.16 on Friday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a 52-week low of $194.01 and a 52-week high of $276.49. The firm has a 50 day moving average price of $213.74 and a two-hundred day moving average price of $230.62. The firm has a market cap of $218.29 billion, a price-to-earnings ratio of 18.77, a PEG ratio of 1.25 and a beta of 0.44.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The firm had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same quarter in the previous year, the company earned $2.61 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be given a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.08 dividend on an annualized basis and a yield of 2.1%. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Activity

In related news, insider Michael J. Katz sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $215.91, for a total transaction of $539,775.00. Following the completion of the sale, the insider owned 156,203 shares of the company’s stock, valued at $33,725,789.73. This trade represents a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director G Michael Sievert sold 22,500 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $216.97, for a total value of $4,881,825.00. Following the completion of the transaction, the director directly owned 308,696 shares in the company, valued at approximately $66,977,771.12. This trade represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,237,172 shares of company stock worth $284,993,242. 0.37% of the stock is owned by insiders.

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.