Horizon Investments LLC Buys 547 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Horizon Investments LLC increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,599 shares of the Wireless communications provider’s stock after acquiring an additional 547 shares during the quarter. Horizon Investments LLC’s holdings in T-Mobile US were worth $4,768,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TMUS. Barclays PLC grew its holdings in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC acquired a new position in T-Mobile US in the fourth quarter valued at about $1,552,000. Trust Co. of Vermont increased its holdings in shares of T-Mobile US by 11.9% in the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock worth $5,954,000 after acquiring an additional 2,865 shares in the last quarter. Swedbank AB lifted its holdings in shares of T-Mobile US by 5.1% during the 3rd quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after purchasing an additional 12,411 shares in the last quarter. Finally, Rice Partnership LLC acquired a new position in shares of T-Mobile US in the 4th quarter valued at approximately $7,678,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Ratings Changes

TMUS has been the topic of a number of research reports. Evercore ISI raised shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a report on Wednesday, February 26th. 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. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 target price on the stock. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research report on Monday, December 16th. They set an “overweight” rating and a $280.00 price target for the company. Ten research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $254.80.

Insiders Place Their Bets

In other news, Director Srikant M. Datar sold 730 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.67% of the company’s stock.

T-Mobile US Stock Up 1.6 %

T-Mobile US stock opened at $260.17 on Tuesday. The company’s 50-day moving average price is $244.62 and its two-hundred day moving average price is $229.13. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market cap of $297.05 billion, a P/E ratio of 26.90, a P/E/G ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate 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, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend 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.