Hoertkorn Richard Charles Has $9.56 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Hoertkorn Richard Charles trimmed its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,321 shares of the Wireless communications provider’s stock after selling 2,360 shares during the period. T-Mobile US accounts for approximately 3.9% of Hoertkorn Richard Charles’ portfolio, making the stock its 10th largest holding. Hoertkorn Richard Charles’ holdings in T-Mobile US were worth $9,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. denkapparat Operations GmbH bought a new position in T-Mobile US in the 4th quarter worth about $519,000. Orion Portfolio Solutions LLC raised its holdings in shares of T-Mobile US by 8.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 21,564 shares of the Wireless communications provider’s stock valued at $4,760,000 after acquiring an additional 1,647 shares in the last quarter. Broadway Wealth Solutions Inc. purchased a new stake in T-Mobile US in the fourth quarter valued at approximately $310,000. New Age Alpha Advisors LLC raised its position in shares of T-Mobile US by 51,463.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 57,751 shares of the Wireless communications provider’s stock valued at $12,747,000 after buying an additional 57,639 shares in the last quarter. Finally, Norges Bank purchased a new stake in T-Mobile US during the fourth quarter valued at about $1,802,393,000. Institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on TMUS. Hsbc Global Res lowered shares of T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Oppenheimer lifted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Tigress Financial reaffirmed a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Finally, Benchmark reaffirmed a “buy” rating and issued a $275.00 target price on shares of T-Mobile US in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $256.80.

Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Trading Up 2.2 %

T-Mobile US stock opened at $268.28 on Friday. The stock has a 50-day moving average of $252.00 and a two-hundred day moving average of $232.15. The stock has a market cap of $306.31 billion, a PE ratio of 27.74, 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 $159.14 and a one year high of $276.49. 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) last released its quarterly earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share 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, research analysts anticipate 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 Sunday, June 22nd. Shareholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.31%. T-Mobile US’s payout ratio is currently 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.