T-Mobile US, Inc. $TMUS Shares Purchased by Capital International Investors

Capital International Investors boosted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 5.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,726,288 shares of the Wireless communications provider’s stock after acquiring an additional 711,278 shares during the period. Capital International Investors’ holdings in T-Mobile US were worth $3,285,608,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TMUS. Norges Bank acquired a new stake in shares of T-Mobile US during the second quarter valued at $1,477,780,000. Marshall Wace LLP grew its position in shares of T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares during the period. Viking Global Investors LP boosted its stake 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 worth $677,925,000 after buying an additional 1,279,422 shares during the last quarter. State Street Corp lifted its holdings in shares of T-Mobile US by 4.5% during the 2nd quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after acquiring an additional 994,740 shares during the period. Finally, Crake Asset Management LLP acquired a new position in T-Mobile US during the second quarter worth approximately $160,945,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TMUS. TD Cowen reduced their target price on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. BNP Paribas Exane reduced their price target on T-Mobile US from $300.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, January 16th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Argus lowered their target price on T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. Finally, The Goldman Sachs Group boosted their price target on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Stock Down 1.8%

Shares of T-Mobile US stock opened at $217.50 on Tuesday. 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 business has a 50-day moving average price of $203.07 and a 200 day moving average price of $215.25. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. The firm has a market cap of $239.65 billion, a P/E ratio of 22.40, a P/E/G ratio of 1.43 and a beta of 0.42.

Insider Transactions at T-Mobile US

In other T-Mobile US news, insider Mark Wolfe Nelson sold 10,240 shares of the business’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 completion of the sale, the insider owned 74,280 shares in the company, valued at $16,401,024. The trade was a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total transaction of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This trade represents a 34.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 694,134 shares of company stock valued at $150,847,799 over the last quarter. Insiders own 0.37% of the company’s stock.

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.