Horizon Investment Services LLC Takes Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Horizon Investment Services LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) during the 4th quarter, Holdings Channel.com reports. The fund purchased 14,946 shares of the Wireless communications provider’s stock, valued at approximately $3,299,000. T-Mobile US makes up 1.4% of Horizon Investment Services LLC’s holdings, making the stock its 24th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC grew its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Rakuten Securities Inc. boosted its holdings in T-Mobile US by 93.9% in the fourth quarter. Rakuten Securities Inc. now owns 128 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 62 shares during the last quarter. CoreFirst Bank & Trust acquired a new stake in T-Mobile US during the 4th quarter valued at approximately $28,000. Financial Life Planners purchased a new stake in T-Mobile US during the 4th quarter worth approximately $29,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of T-Mobile US in the 3rd quarter valued at approximately $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TMUS. Wells Fargo & Company reissued an “equal weight” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer raised their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price on the stock. in a research note on Thursday, December 12th. HSBC downgraded T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price target for the company. in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada upped their price objective on T-Mobile US from $245.00 to $260.00 and gave the company a “sector perform” rating in a research note on Friday, March 21st. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Buying and Selling

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.67% of the stock is owned by corporate insiders.

T-Mobile US Stock Down 1.2 %

TMUS opened at $264.93 on Friday. The stock’s 50 day moving average price is $252.92 and its 200 day moving average price is $232.64. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83. The stock has a market cap of $302.48 billion, a P/E ratio of 27.40, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a 12 month low of $159.14 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.33%. T-Mobile US’s dividend payout ratio is presently 36.40%.

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.