T-Mobile US, Inc. $TMUS Shares Sold by Horizon Investment Services LLC

Horizon Investment Services LLC trimmed its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,668 shares of the Wireless communications provider’s stock after selling 1,684 shares during the period. T-Mobile US accounts for about 1.4% of Horizon Investment Services LLC’s investment portfolio, making the stock its 29th largest position. Horizon Investment Services LLC’s holdings in T-Mobile US were worth $3,257,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Yelin Lapidot Holdings Management Ltd. grew its position in shares of T-Mobile US by 16.5% in the second quarter. Yelin Lapidot Holdings Management Ltd. now owns 1,845 shares of the Wireless communications provider’s stock valued at $440,000 after purchasing an additional 261 shares during the last quarter. Modera Wealth Management LLC lifted its stake in T-Mobile US by 62.8% in the 2nd quarter. Modera Wealth Management LLC now owns 1,830 shares of the Wireless communications provider’s stock valued at $436,000 after buying an additional 706 shares in the last quarter. Cetera Trust Company N.A grew its holdings in T-Mobile US by 0.4% during the 2nd quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after buying an additional 45 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in T-Mobile US by 97.4% during the 2nd quarter. Golden State Wealth Management LLC now owns 681 shares of the Wireless communications provider’s stock valued at $162,000 after buying an additional 336 shares during the last quarter. Finally, SouthState Corp increased its position in T-Mobile US by 11.1% during the second quarter. SouthState Corp now owns 10,494 shares of the Wireless communications provider’s stock worth $2,500,000 after buying an additional 1,047 shares in the last quarter. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Scotiabank upped their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a research report on Monday, October 6th. Moffett Nathanson boosted their target price on shares of T-Mobile US from $210.00 to $230.00 and gave the company a “neutral” rating in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Morgan Stanley cut their price objective 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. Finally, HSBC upgraded shares of T-Mobile US from a “hold” rating to a “buy” rating and set a $285.00 target price on the stock in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.63.

T-Mobile US Trading Down 1.8%

NASDAQ TMUS opened at $201.01 on Friday. The firm has a market capitalization of $224.83 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.80 and a current ratio of 0.89. T-Mobile US, Inc. has a one year low of $199.41 and a one year high of $276.49. The company’s 50 day moving average price is $231.39 and its 200 day moving average price is $237.52.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data 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. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion during the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the firm earned $2.61 earnings per share. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, sell-side analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 2.0%. This is a boost from T-Mobile US’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is 39.23%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $250.87, for a total value of $17,520,760.80. Following the completion of the sale, the director owned 636,271,724 shares of the company’s stock, valued at $159,621,487,399.88. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 2,113,221 shares of company stock worth $506,386,034 in the last 90 days. Insiders own 0.37% of the company’s stock.

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.