South Dakota Investment Council Has $3 Million Stock Holdings in T-Mobile US, Inc. $TMUS

South Dakota Investment Council reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 15.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,524 shares of the Wireless communications provider’s stock after selling 2,300 shares during the period. South Dakota Investment Council’s holdings in T-Mobile US were worth $2,998,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new position in T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank increased its holdings in shares of T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares in the last quarter. Aspect Partners LLC raised its stake in shares of T-Mobile US by 112.1% in the second quarter. Aspect Partners LLC now owns 123 shares of the Wireless communications provider’s stock valued at $29,000 after acquiring an additional 65 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new position in shares of T-Mobile US in the 2nd quarter worth approximately $31,000. 42.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TMUS. Citigroup dropped their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Morgan Stanley lowered their target price on 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. Wolfe Research reaffirmed an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Finally, The Goldman Sachs Group raised their price objective on shares of T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Price Performance

T-Mobile US stock opened at $219.71 on Thursday. The business’s 50-day simple moving average is $201.93 and its 200 day simple moving average is $216.34. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market cap of $242.09 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 1.41 and a beta of 0.43. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60.

Insider Buying and Selling

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the transaction, the director directly owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. This trade represents a 36.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the sale, the insider owned 74,280 shares of the company’s stock, valued at $16,401,024. The trade was a 12.12% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 692,300 shares of company stock worth $150,426,595. 0.37% of the stock is currently owned by company insiders.

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.