FORA Capital LLC Has $3.29 Million Stock Holdings in T-Mobile US, Inc. $TMUS

FORA Capital LLC trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 24.9% in the second quarter, HoldingsChannel.com reports. The institutional investor 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 institutional investors and hedge funds have also added to or reduced their stakes in TMUS. Allworth Financial LP raised its position in shares of T-Mobile US by 14.2% during the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after purchasing an additional 810 shares during the period. NorthCrest Asset Manangement LLC bought a new stake in T-Mobile US during the 2nd quarter valued at $284,000. Berkshire Bank increased its stake in T-Mobile US by 12.5% during the 2nd quarter. Berkshire Bank now owns 12,593 shares of the Wireless communications provider’s stock valued at $3,000,000 after purchasing an additional 1,400 shares in the last quarter. Associated Banc Corp raised its holdings in T-Mobile US by 50.6% during the second quarter. Associated Banc Corp now owns 25,903 shares of the Wireless communications provider’s stock worth $6,172,000 after buying an additional 8,700 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp lifted its stake in shares of T-Mobile US by 930.5% in the second quarter. OMERS ADMINISTRATION Corp now owns 195,267 shares of the Wireless communications provider’s stock valued at $46,524,000 after buying an additional 176,319 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $195.16 on Friday. T-Mobile US, Inc. has a twelve month low of $194.01 and a twelve month high of $276.49. The stock’s 50 day moving average price is $213.74 and its 200-day moving average price is $230.62. The company has a market capitalization of $218.29 billion, a PE ratio of 18.77, a PEG ratio of 1.25 and a beta of 0.44. The company has a quick ratio of 0.80, a current ratio of 0.89 and a debt-to-equity ratio of 1.37.

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

T-Mobile US Announces Dividend

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

Analyst Ratings Changes

TMUS has been the subject of several recent research reports. Daiwa Capital Markets decreased their target price on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday. Raymond James Financial raised T-Mobile US to a “hold” rating in a research note on Wednesday, October 1st. Royal Bank Of Canada restated a “buy” rating on shares of T-Mobile US in a report on Friday, October 24th. Finally, Morgan Stanley decreased their price target on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $263.71.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 64,452 shares of the firm’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $240.65, for a total transaction of $15,510,373.80. Following the completion of the sale, the director owned 634,821,326 shares in the company, valued at approximately $152,769,752,101.90. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold a total of 1,237,172 shares of company stock worth $284,993,242 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

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.