Visionary Horizons LLC Buys Shares of 2,357 T-Mobile US, Inc. (NASDAQ:TMUS)

Visionary Horizons LLC acquired a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,357 shares of the Wireless communications provider's stock, valued at approximately $629,000.

Other large investors have also added to or reduced their stakes in the company. Ancora Advisors LLC boosted its holdings in T-Mobile US by 16.6% during the 4th quarter. Ancora Advisors LLC now owns 260 shares of the Wireless communications provider's stock valued at $57,000 after acquiring an additional 37 shares during the period. Snowden Capital Advisors LLC grew its holdings in shares of T-Mobile US by 0.6% in the fourth quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock worth $1,411,000 after purchasing an additional 40 shares during the last quarter. Signaturefd LLC raised its stake in shares of T-Mobile US by 0.4% during the fourth quarter. Signaturefd LLC now owns 11,324 shares of the Wireless communications provider's stock valued at $2,499,000 after acquiring an additional 41 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of T-Mobile US by 15.6% in the first quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock worth $81,000 after purchasing an additional 41 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in shares of T-Mobile US by 0.7% in the 4th quarter. Continuum Advisory LLC now owns 6,069 shares of the Wireless communications provider's stock worth $1,340,000 after buying an additional 43 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock traded down $0.70 during trading hours on Friday, reaching $228.00. The company's stock had a trading volume of 4,379,818 shares, compared to its average volume of 4,084,937. The stock has a market cap of $258.88 billion, a P/E ratio of 23.58, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64. T-Mobile US, Inc. has a one year low of $173.18 and a one year high of $276.49. The company's 50 day simple moving average is $246.64 and its 200 day simple moving average is $243.97. 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 (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The firm had revenue of $20.89 billion during the quarter, compared to analyst estimates of $20.67 billion. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. T-Mobile US's revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.00 EPS. As a group, analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's dividend payout ratio (DPR) is presently 34.34%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TMUS. UBS Group lowered T-Mobile US from a "strong-buy" rating to a "hold" rating in a research report on Friday, March 21st. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank of Canada lifted their price target on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research report on Friday, March 21st. Wells Fargo & Company reissued an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, HSBC cut T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $257.68.

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.