Hoertkorn Richard Charles Sells 340 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Hoertkorn Richard Charles reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 45,681 shares of the Wireless communications provider’s stock after selling 340 shares during the quarter. T-Mobile US makes up approximately 4.1% of Hoertkorn Richard Charles’ holdings, making the stock its 10th largest holding. Hoertkorn Richard Charles’ holdings in T-Mobile US were worth $9,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Davis Investment Partners LLC increased its holdings in shares of T-Mobile US by 0.6% in the third quarter. Davis Investment Partners LLC now owns 8,223 shares of the Wireless communications provider’s stock valued at $1,711,000 after purchasing an additional 51 shares during the period. Barden Capital Management Inc. increased its holdings in shares of T-Mobile US by 0.8% in the third quarter. Barden Capital Management Inc. now owns 6,824 shares of the Wireless communications provider’s stock valued at $1,408,000 after purchasing an additional 54 shares during the period. Compton Wealth Advisory Group LLC increased its holdings in shares of T-Mobile US by 0.4% in the second quarter. Compton Wealth Advisory Group LLC now owns 15,009 shares of the Wireless communications provider’s stock valued at $2,644,000 after purchasing an additional 56 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of T-Mobile US by 0.7% in the second quarter. Benjamin Edwards Inc. now owns 8,331 shares of the Wireless communications provider’s stock valued at $1,468,000 after purchasing an additional 56 shares during the period. Finally, Anfield Capital Management LLC increased its holdings in shares of T-Mobile US by 18.7% in the second quarter. Anfield Capital Management LLC now owns 362 shares of the Wireless communications provider’s stock valued at $64,000 after purchasing an additional 57 shares during the period. 42.49% of the stock is owned by institutional investors and hedge funds.

T-Mobile US Price Performance

Shares of NASDAQ TMUS opened at $220.95 on Thursday. T-Mobile US, Inc. has a 52 week low of $137.69 and a 52 week high of $223.91. The stock has a market capitalization of $258.92 billion, a price-to-earnings ratio of 30.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.51. The firm has a 50-day simple moving average of $204.75 and a 200-day simple moving average of $184.44. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) 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 firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. During the same period last year, the business earned $1.86 earnings per share. T-Mobile US’s revenue was up 3.0% compared to the same quarter last year. On average, equities analysts predict that T-Mobile US, Inc. will post 9.14 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is 47.89%.

Insiders Place Their Bets

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the 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 completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the 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 completion of the transaction, the insider now owns 162,628 shares of the company’s stock, valued at $29,577,154.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at approximately $81,354,386.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 349,261 shares of company stock valued at $69,411,130 over the last 90 days. 0.67% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. TD Cowen boosted their price target on T-Mobile US from $202.00 to $216.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group initiated coverage on shares of T-Mobile US in a report on Monday, July 1st. They set a “buy” rating and a $200.00 price target on the stock. KeyCorp lifted their price objective on shares of T-Mobile US from $190.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, September 16th. Evercore ISI raised their target price on T-Mobile US from $210.00 to $220.00 and gave the company an “outperform” rating in a research report on Thursday, September 19th. Finally, Barclays increased their price target on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $225.22.

T-Mobile US 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.