Horizon Investment Services LLC Decreases Stock Position in T-Mobile US, Inc. $TMUS

Horizon Investment Services LLC decreased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,668 shares of the Wireless communications provider’s stock after selling 1,684 shares during the period. T-Mobile US comprises approximately 1.4% of Horizon Investment Services LLC’s holdings, making the stock its 29th biggest holding. Horizon Investment Services LLC’s holdings in T-Mobile US were worth $3,257,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors lifted its stake in shares of T-Mobile US by 8.5% in the first quarter. World Investment Advisors now owns 1,840 shares of the Wireless communications provider’s stock worth $491,000 after acquiring an additional 144 shares in the last quarter. Financial Counselors Inc. increased its holdings in T-Mobile US by 40.3% during the 1st quarter. Financial Counselors Inc. now owns 1,622 shares of the Wireless communications provider’s stock worth $433,000 after purchasing an additional 466 shares during the last quarter. Greenleaf Trust increased its holdings in T-Mobile US by 6.8% during the 1st quarter. Greenleaf Trust now owns 10,477 shares of the Wireless communications provider’s stock worth $2,794,000 after purchasing an additional 671 shares during the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of T-Mobile US by 13.9% in the 1st quarter. Alpine Woods Capital Investors LLC now owns 5,282 shares of the Wireless communications provider’s stock valued at $1,409,000 after purchasing an additional 645 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC boosted its stake in shares of T-Mobile US by 2.8% during the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 9,016 shares of the Wireless communications provider’s stock valued at $2,405,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $250.87, for a total value of $17,520,760.80. Following the sale, the director owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 2,113,221 shares of company stock worth $506,386,034 in the last three months. 0.37% of the stock is currently owned by corporate insiders.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $201.01 on Friday. The company has a market cap of $224.83 billion, a P/E ratio of 19.33, a PEG ratio of 1.51 and a beta of 0.57. The business has a 50 day moving average of $231.39 and a two-hundred day moving average of $237.52. T-Mobile US, Inc. has a 52 week low of $199.41 and a 52 week high of $276.49. 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 announced its quarterly earnings results on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. The business had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. T-Mobile US had a return on equity of 19.76% and a net margin of 13.83%.The business’s revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $2.61 EPS. As a group, analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Wednesday, November 26th. T-Mobile US’s payout ratio is currently 39.23%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TMUS shares. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Tuesday, October 28th. Williams Trading set a $263.00 price objective on shares of T-Mobile US in a report on Friday, October 24th. Morgan Stanley dropped their target price on shares of T-Mobile US from $285.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Cowen reaffirmed a “buy” rating on shares of T-Mobile US in a research report on Friday, October 24th. Finally, JPMorgan Chase & Co. lifted their price target on T-Mobile US from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus price target of $266.63.

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.