Hoertkorn Richard Charles Has $9.43 Million Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Hoertkorn Richard Charles cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,681 shares of the Wireless communications provider’s stock after selling 340 shares during the period. T-Mobile US comprises approximately 4.1% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 10th biggest holding. Hoertkorn Richard Charles’ holdings in T-Mobile US were worth $9,427,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sound Income Strategies LLC increased its stake in shares of T-Mobile US by 539.0% in the first quarter. Sound Income Strategies LLC now owns 1,016 shares of the Wireless communications provider’s stock valued at $166,000 after buying an additional 857 shares during the period. GoalVest Advisory LLC grew its holdings in T-Mobile US by 84.5% during the first quarter. GoalVest Advisory LLC now owns 950 shares of the Wireless communications provider’s stock worth $155,000 after buying an additional 435 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of T-Mobile US by 23.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,754 shares of the Wireless communications provider’s stock valued at $449,000 after purchasing an additional 529 shares during the last quarter. Procyon Advisors LLC lifted its position in shares of T-Mobile US by 40.6% during the 1st quarter. Procyon Advisors LLC now owns 15,689 shares of the Wireless communications provider’s stock worth $2,561,000 after buying an additional 4,531 shares in the last quarter. Finally, Dohj LLC bought a new stake in T-Mobile US during the first quarter worth $564,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In related news, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the transaction, the insider now directly owns 162,628 shares in the company, valued at approximately $29,577,154.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Deeanne King sold 15,437 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total value of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company’s stock, valued at approximately $6,761,720. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jon Freier sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now directly owns 162,628 shares of the company’s stock, valued at $29,577,154.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 349,261 shares of company stock worth $69,411,130. Insiders own 0.67% of the company’s stock.

T-Mobile US Price Performance

Shares of TMUS opened at $220.95 on Thursday. The company has a market capitalization of $258.92 billion, a P/E ratio of 30.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a 50 day moving average of $204.75 and a 200 day moving average of $184.44. T-Mobile US, Inc. has a twelve month low of $137.69 and a twelve month high of $223.91.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.22. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $19.77 billion for the quarter, compared to analysts’ expectations of $19.61 billion. During the same quarter last year, the company posted $1.86 EPS. The company’s revenue was up 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Wednesday, November 27th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.59%. T-Mobile US’s payout ratio is 47.89%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TMUS shares. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Royal Bank of Canada boosted their price target on shares of T-Mobile US from $200.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Oppenheimer raised their price objective on shares of T-Mobile US from $200.00 to $215.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Bank of America raised their price target on T-Mobile US from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $225.22.

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.