T-Mobile US, Inc. $TMUS Position Increased by Swiss National Bank

Swiss National Bank lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 1,472,902 shares of the Wireless communications provider’s stock after purchasing an additional 65,400 shares during the period. Swiss National Bank’s holdings in T-Mobile US were worth $352,583,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Allworth Financial LP increased its position in T-Mobile US by 14.2% in the second quarter. Allworth Financial LP now owns 6,530 shares of the Wireless communications provider’s stock worth $1,556,000 after buying an additional 810 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of T-Mobile US by 4.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,679 shares of the Wireless communications provider’s stock worth $107,884,000 after acquiring an additional 19,486 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in T-Mobile US by 7.8% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider’s stock valued at $49,014,000 after purchasing an additional 14,800 shares during the last quarter. Varma Mutual Pension Insurance Co grew its position in T-Mobile US by 8.8% in the 3rd quarter. Varma Mutual Pension Insurance Co now owns 82,917 shares of the Wireless communications provider’s stock worth $19,849,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of T-Mobile US by 17.7% during the third quarter. Xponance Inc. now owns 80,749 shares of the Wireless communications provider’s stock valued at $19,330,000 after buying an additional 12,143 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wolfe Research reissued an “outperform” rating and issued a $255.00 price objective on shares of T-Mobile US in a report on Thursday, February 12th. TD Cowen reduced their price target on T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Barclays increased their price target on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Citigroup reduced their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a report on Friday, December 19th. Finally, Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Trading Up 0.5%

T-Mobile US stock opened at $221.57 on Monday. The firm has a market capitalization of $244.14 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.43 and a beta of 0.42. The company has a 50 day moving average price of $202.78 and a 200 day moving average price of $215.53. 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, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60.

Insider Activity

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the completion of the sale, the director directly owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. Corporate 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.