Horizon Investment Services LLC Purchases New Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Horizon Investment Services LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 14,946 shares of the Wireless communications provider's stock, valued at approximately $3,299,000. T-Mobile US comprises 1.4% of Horizon Investment Services LLC's investment portfolio, making the stock its 24th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its stake in shares of T-Mobile US by 2.5% during the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock valued at $408,297,000 after acquiring an additional 47,350 shares in the last quarter. Fisher Asset Management LLC lifted its position in T-Mobile US by 139.5% in the 3rd quarter. Fisher Asset Management LLC now owns 4,029 shares of the Wireless communications provider's stock valued at $831,000 after purchasing an additional 2,347 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of T-Mobile US by 16.9% in the 3rd quarter. Townsquare Capital LLC now owns 18,622 shares of the Wireless communications provider's stock worth $3,843,000 after acquiring an additional 2,697 shares during the period. Glenmede Trust Co. NA boosted its position in shares of T-Mobile US by 7.0% during the 3rd quarter. Glenmede Trust Co. NA now owns 15,561 shares of the Wireless communications provider's stock valued at $3,211,000 after purchasing an additional 1,012 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its stake in shares of T-Mobile US by 90.2% during the 3rd quarter. CreativeOne Wealth LLC now owns 2,555 shares of the Wireless communications provider's stock worth $527,000 after acquiring an additional 1,212 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several research analysts have commented on TMUS shares. Wells Fargo & Company reiterated an "equal weight" rating on shares of T-Mobile US in a report on Wednesday, February 26th. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Evercore ISI raised T-Mobile US to a "strong-buy" rating in a research report on Thursday, January 23rd. Scotiabank upped their price target on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a research note on Monday, March 3rd. Finally, Citigroup cut T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research report on Friday, March 14th. Eleven research analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $256.80.

Insider Activity at T-Mobile US

In related news, Director Srikant M. Datar sold 730 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now owns 3,291 shares in the company, valued at $865,533. This represents a 18.15 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.67% of the company's stock.

T-Mobile US Trading Up 0.7 %

NASDAQ:TMUS traded up $1.78 on Monday, hitting $266.71. 4,072,404 shares of the stock were exchanged, compared to its average volume of 4,168,228. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91. T-Mobile US, Inc. has a 52 week low of $159.14 and a 52 week high of $276.49. The stock has a market capitalization of $304.51 billion, a price-to-earnings ratio of 27.58, a P/E/G ratio of 1.55 and a beta of 0.64. The company's 50-day moving average price is $252.92 and its 200 day moving average price is $233.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping 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%. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The company 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. This represents a $3.52 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

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.