Invesco Ltd. Buys 453,096 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Invesco Ltd. raised its stake in T‑Mobile by 6.1%, buying 453,096 shares to hold 7,903,104 shares (about 0.71%) valued at roughly $1.89 billion in its latest 13F filing.
• Company insiders have been net sellers recently — directors Srikant M. Datar and G. Michael Sievert sold 3,291 and 1,089 shares respectively, and insiders disposed of 694,134 shares worth about $150.8 million over the last quarter.
• Analysts show a consensus of "Moderate Buy" on TMUS with an average 12‑month target of approximately $257.09 (rating mix: 1 Strong Buy, 17 Buy, 10 Hold).

Invesco Ltd. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,903,104 shares of the Wireless communications provider's stock after acquiring an additional 453,096 shares during the period. Invesco Ltd. owned about 0.71% of T-Mobile US worth $1,891,845,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in T-Mobile US in the 2nd quarter valued at about $25,000. United Community Bank grew its holdings 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 acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its position 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 valued at $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US during the second quarter valued at approximately $31,000. Finally, Kilter Group LLC bought a new stake in T-Mobile US during the second quarter worth $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Srikant M. Datar sold 3,291 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the sale, the director directly owned 1,038 shares in the company, valued at approximately $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the sale, the director directly owned 125,696 shares in the company, valued at $27,885,657.60. This trade represents a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on TMUS. TD Cowen decreased their target price 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. Oppenheimer downgraded shares of T-Mobile US from an "outperform" rating to a "market perform" rating in a report on Friday, November 21st. UBS Group restated a "buy" rating on shares of T-Mobile US in a research report on Thursday, February 12th. JPMorgan Chase & Co. restated a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, Royal Bank Of Canada lowered their price objective on shares of T-Mobile US from $270.00 to $255.00 and set an "outperform" rating on the stock in a research report on Friday, January 16th. One investment 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $257.09.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $214.37 on Friday. The firm has a market cap of $236.21 billion, a P/E ratio of 22.08, a price-to-earnings-growth ratio of 1.38 and a beta of 0.43. 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 company's 50 day moving average is $203.80 and its 200-day 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.

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.

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.