Hoertkorn Richard Charles Has $2.79 Million Stock Position in T-Mobile US, Inc. $TMUS

Hoertkorn Richard Charles lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,278 shares of the Wireless communications provider’s stock after selling 21,674 shares during the quarter. T-Mobile US accounts for approximately 2.3% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 16th biggest position. Hoertkorn Richard Charles’ holdings in T-Mobile US were worth $2,789,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of T-Mobile US in the fourth quarter valued at approximately $1,335,918,000. Price T Rowe Associates Inc. MD grew its position in T-Mobile US by 30.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock worth $5,643,511,000 after buying an additional 6,516,968 shares in the last quarter. Wellington Management Group LLP increased its stake in T-Mobile US by 47.5% during the 3rd quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after acquiring an additional 4,335,368 shares during the period. Dodge & Cox increased its stake in T-Mobile US by 65.2% during the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock worth $1,256,000,000 after acquiring an additional 2,442,450 shares during the period. Finally, Viking Global Investors LP raised its holdings in T-Mobile US by 81.7% in the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after acquiring an additional 1,279,422 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about T-Mobile US

Here are the key news stories impacting T-Mobile US this week:

• Positive Sentiment: T-Mobile is expanding its leadership bench by hiring Chris Sambar as Chief Enterprise Officer, which could support growth in SMB, enterprise, government, and emerging businesses. T-Mobile Appoints Chris Sambar Chief Enterprise Officer and Evolves Leadership Team to Advance its Next Era of Strategic Growth and Innovation
• Positive Sentiment: T-Mobile continues to market its network strength through high-visibility events like MLB All-Star Week, reinforcing the “best network” brand. America’s Pastime Meets America’s Best Network at MLB All-Star Week in Philadelphia
• Neutral Sentiment: Several articles frame T-Mobile as a quality telecom stock with analyst support and possible valuation upside, but these are more commentary than fresh catalysts. How T-Mobile US’ Legacy Plan Migration Balances Revenue Growth Against Customer Churn Risk
• Negative Sentiment: Leadership turnover is increasing as longtime executive Mike Katz exits after 28 years, creating some execution uncertainty during a broader reshuffle. T-Mobile exec Mike Katz exits after 28 years, as carrier reshuffles top ranks and taps ex-AT&T leader
• Negative Sentiment: Wells Fargo initiated coverage with an equal weight rating and a $170 target, implying limited upside from current levels. Wells Fargo coverage and target update
• Negative Sentiment: Barclays and Morgan Stanley trimmed their price targets, suggesting analysts still see solid fundamentals but a less compelling near-term risk/reward setup. Barclays and Morgan Stanley price target updates

Analyst Ratings Changes

A number of analysts have recently weighed in on TMUS shares. Sanford C. Bernstein reiterated a “neutral” rating on shares of T-Mobile US in a research report on Wednesday, April 22nd. Citigroup raised their price target on T-Mobile US from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. Freedom Capital raised T-Mobile US from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. UBS Group reduced their price objective on shares of T-Mobile US from $300.00 to $255.00 and set a “buy” rating on the stock in a research note on Monday, June 22nd. Finally, Scotiabank decreased their target price on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $255.76.

Insider Transactions at T-Mobile US

In other news, insider Michael J. Katz sold 5,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares of the company’s stock, valued at approximately $35,623,713.30. This represents a 2.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andre Almeida purchased 5,097 shares of T-Mobile US stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $196.18 per share, for a total transaction of $999,929.46. Following the completion of the purchase, the insider owned 44,850 shares in the company, valued at $8,798,673. This represents a 12.82% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.32% of the company’s stock.

T-Mobile US Trading Down 2.5%

Shares of TMUS opened at $180.14 on Thursday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09. T-Mobile US, Inc. has a 52-week low of $165.66 and a 52-week high of $261.56. The firm has a market cap of $194.95 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.09 and a beta of 0.33. The business’s fifty day moving average is $185.69 and its 200-day moving average is $196.73.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.26. The business had revenue of $23.11 billion during the quarter, compared to the consensus estimate of $22.98 billion. T-Mobile US had a return on equity of 19.47% and a net margin of 11.65%.T-Mobile US’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company earned $2.58 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 10.65 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Friday, August 28th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.3%. T-Mobile US’s payout ratio is presently 43.40%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.