Korea Investment CORP Sells 11,482 Shares of T-Mobile US, Inc. $TMUS

Key Points

• Korea Investment CORP trimmed its stake in T-Mobile by 1.9%, selling 11,482 shares and now holds 589,863 shares worth about $141.2 million (≈0.05% of the company).
• Company insiders sold 694,134 shares last quarter — notably Director Raul M. Claure sold 550,000 shares (~$119.7M) and Director G. Michael Sievert sold 80,000 shares (~$17.2M), substantially reducing their positions.
• Analysts have a consensus rating of Moderate Buy with a $257.09 price target while the stock trades near $221.57, giving T-Mobile a market cap of ~$244.1B and a P/E of about 22.8.

Korea Investment CORP trimmed its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,863 shares of the Wireless communications provider's stock after selling 11,482 shares during the period. Korea Investment CORP owned approximately 0.05% of T-Mobile US worth $141,201,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in T-Mobile US by 4.5% in the 3rd 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 in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in T-Mobile US by 7.8% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 204,754 shares of the Wireless communications provider's stock worth $49,014,000 after acquiring an additional 14,800 shares during the period. Varma Mutual Pension Insurance Co raised its stake in T-Mobile US by 8.8% during 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 acquiring an additional 6,700 shares during the period. Finally, Xponance Inc. lifted its holdings in 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 purchasing an additional 12,143 shares in the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Raul Marcelo Claure sold 550,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $193,899,254.28. This represents a 38.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director owned 140,696 shares in the company, valued at approximately $30,241,198.24. This trade represents a 36.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 0.5%

NASDAQ:TMUS opened at $221.57 on Friday. The company has a market cap of $244.14 billion, a price-to-earnings ratio of 22.82, a price-to-earnings-growth ratio of 1.43 and a beta of 0.43. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve 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. The stock has a fifty day simple moving average of $202.78 and a 200-day simple moving average of $215.84.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TMUS shares. Benchmark reissued a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. Daiwa Securities Group raised 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. BNP Paribas Exane cut their target price on T-Mobile US from $300.00 to $275.00 and set an "outperform" rating for the company in a research report on Friday, January 16th. Wells Fargo & Company lifted their target price on T-Mobile US from $225.00 to $235.00 and gave the company an "overweight" rating in a research note on Friday, February 13th. Finally, UBS Group reaffirmed a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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