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

Key Points

• Capital World Investors cut its stake in T-Mobile US by 18.8% in Q3, selling 133,045 shares and leaving it with 575,904 shares valued at about $137.86 million.
• Director Raul Marcelo Claure sold 550,000 shares at an average price of $217.57 (≈$119.66 million), a move that reduced his ownership by 38.16%; insiders sold a total of 694,134 shares worth $150.85 million in the last quarter.
• Analyst sentiment is broadly positive — T‑Mobile has an average rating of "Moderate Buy" with an average target price of $257.09, though several firms have recently adjusted price targets and ratings.

Capital World Investors cut its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 18.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 575,904 shares of the Wireless communications provider's stock after selling 133,045 shares during the period. Capital World Investors owned 0.05% of T-Mobile US worth $137,860,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in T-Mobile US during the 2nd quarter worth $25,000. United Community Bank raised its position 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 buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC lifted its stake 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 worth $28,000 after buying an additional 76 shares in the last quarter. CoreFirst Bank & Trust purchased a new position in shares of T-Mobile US in the second quarter worth about $31,000. Finally, Kilter Group LLC acquired a new position in T-Mobile US during the second quarter worth about $34,000. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $213.44 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The firm has a market capitalization of $235.18 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 1.42 and a beta of 0.43. The company's 50-day moving average is $203.58 and its two-hundred day moving average is $215.00. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Benchmark reaffirmed a "buy" rating on shares of T-Mobile US in a research note on Thursday, February 12th. Oppenheimer lowered shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a research note on Friday, November 21st. Morgan Stanley lowered their target price on T-Mobile US from $280.00 to $260.00 and set an "overweight" rating on the stock in a report on Wednesday, December 10th. TD Cowen dropped 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. Finally, Barclays lifted their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock an "overweight" rating in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, T-Mobile US has an average rating of "Moderate Buy" and an average target price of $257.09.

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Wolfe Nelson sold 2,329 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 65,677 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by company insiders.

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.

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.