Capital World Investors Lowers Stock Position in T-Mobile US, Inc. $TMUS

Capital World Investors trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 18.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 575,904 shares of the Wireless communications provider’s stock after selling 133,045 shares during the period. Capital World Investors’ holdings in T-Mobile US were worth $137,860,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in T-Mobile US by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock valued at $10,244,764,000 after purchasing an additional 636,192 shares during the last quarter. State Street Corp lifted its stake in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock worth $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Capital International Investors boosted its position in shares of T-Mobile US by 5.5% during the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after buying an additional 711,278 shares during the period. Franklin Resources Inc. boosted its position in shares of T-Mobile US by 5.2% during the second quarter. Franklin Resources Inc. now owns 6,298,934 shares of the Wireless communications provider’s stock worth $1,500,784,000 after buying an additional 309,922 shares during the period. Finally, Norges Bank acquired a new stake in shares of T-Mobile US in the second quarter valued at $1,477,780,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

T-Mobile US Stock Down 2.4%

Shares of NASDAQ TMUS opened at $213.44 on Thursday. The stock has a market cap of $235.18 billion, a P/E ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.43. The business’s fifty day simple moving average is $203.58 and its 200-day simple moving average is $215.00. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

Insider Activity at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was 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 approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 694,134 shares of company stock worth $150,847,799 over the last quarter. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research analyst reports. Scotiabank cut their price objective on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a report on Thursday, February 12th. Oppenheimer cut T-Mobile US from an “outperform” rating to a “market perform” rating in a report on Friday, November 21st. The Goldman Sachs Group lifted their target price on T-Mobile US from $233.00 to $254.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. BNP Paribas Exane reduced their price target on shares of 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. Finally, Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $257.09.

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.