T-Mobile US, Inc. $TMUS Shares Bought by Legal & General Group Plc

Legal & General Group Plc lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,444,820 shares of the Wireless communications provider’s stock after acquiring an additional 150,178 shares during the period. Legal & General Group Plc’s holdings in T-Mobile US were worth $824,621,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new position in T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank lifted its holdings in shares of T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Elevation Wealth Partners LLC lifted its holdings in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares in the last quarter. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $31,000. Finally, Kilter Group LLC acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

TMUS has been the subject of several research reports. Wells Fargo & Company lifted their price objective on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Oppenheimer lowered T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Finally, Morgan Stanley cut their target price on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $257.09.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $217.57, for a total value of $119,663,500.00. Following the sale, the director directly owned 891,204 shares of the company’s stock, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of the sale, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by company insiders.

T-Mobile US Trading Down 1.8%

Shares of TMUS opened at $217.50 on Tuesday. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The company has a market capitalization of $239.65 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.43 and a beta of 0.42. The stock has a fifty day moving average of $203.07 and a two-hundred day moving average of $215.25. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00.

T-Mobile US Company 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.