T-Mobile US, Inc. (NASDAQ:TMUS) Position Decreased by Hoertkorn Richard Charles

Hoertkorn Richard Charles cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,321 shares of the Wireless communications provider's stock after selling 2,360 shares during the quarter. T-Mobile US comprises 3.9% of Hoertkorn Richard Charles' portfolio, making the stock its 10th largest position. Hoertkorn Richard Charles' holdings in T-Mobile US were worth $9,562,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the fourth quarter worth $1,802,393,000. Raymond James Financial Inc. bought a new position in T-Mobile US during the fourth quarter worth about $452,721,000. Barclays PLC increased its stake in shares of T-Mobile US by 38.3% in the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after acquiring an additional 876,182 shares during the last quarter. Proficio Capital Partners LLC raised its position in shares of T-Mobile US by 31,353.2% in the 4th quarter. Proficio Capital Partners LLC now owns 635,040 shares of the Wireless communications provider's stock valued at $140,172,000 after acquiring an additional 633,021 shares during the period. Finally, Wellington Management Group LLP boosted its stake in T-Mobile US by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock worth $3,203,642,000 after acquiring an additional 602,786 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

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Analysts Set New Price Targets

A number of research firms recently commented on TMUS. Royal Bank of Canada upped their price objective 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. Scotiabank boosted their target price on shares of T-Mobile US from $247.00 to $275.00 and gave the stock a "sector perform" rating in a report on Monday, March 3rd. Sanford C. Bernstein began coverage on shares of T-Mobile US in a research report on Tuesday, December 10th. They set a "market perform" rating and a $265.00 price target on the stock. Morgan Stanley initiated coverage on shares of T-Mobile US in a research note on Monday, December 16th. They issued an "overweight" rating and a $280.00 target price for the company. Finally, Bank of America boosted their price target on T-Mobile US from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, January 30th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and an average target price of $256.80.

Insider Buying and Selling 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 shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.67% of the company's stock.

T-Mobile US Trading Down 0.5 %

T-Mobile US stock traded down $1.30 during trading hours on Tuesday, hitting $265.41. The stock had a trading volume of 1,067,804 shares, compared to its average volume of 4,156,216. The business's 50 day simple moving average is $253.88 and its 200-day simple moving average is $233.59. T-Mobile US, Inc. has a one year low of $159.14 and a one year high of $276.49. The stock has a market cap of $303.03 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 1.55 and a beta of 0.64. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. On average, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. T-Mobile US's dividend payout ratio is presently 36.40%.

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.