T-Mobile US, Inc. $TMUS Shares Acquired by Legal & General Group Plc

Key Points

• Legal & General Group Plc increased its T‑Mobile stake by 4.6% in Q3 to 3,444,820 shares (about 0.31% of the company), valued at roughly $824.6 million.
• There has been notable insider selling
• T‑Mobile carries a consensus analyst rating of "Moderate Buy" with a $257.09 price target, while the stock trades around $217.50 (market cap ≈ $239.7B, P/E 22.4) and a 52‑week range of $181.36–$272.60.

Legal & General Group Plc increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,444,820 shares of the Wireless communications provider's stock after acquiring an additional 150,178 shares during the quarter. Legal & General Group Plc owned approximately 0.31% of T-Mobile US worth $824,621,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US in the second quarter valued at about $25,000. United Community Bank increased its position in T-Mobile US by 131.1% in the 3rd 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 during the period. Elevation Wealth Partners LLC raised its stake in T-Mobile US by 190.0% during the 3rd 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 acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in T-Mobile US during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Barclays boosted their target price on T-Mobile US from $240.00 to $245.00 and gave the company an "overweight" rating in a report on Thursday, February 12th. UBS Group reaffirmed a "buy" rating on shares of T-Mobile US in a report on Thursday, February 12th. DZ Bank reissued a "buy" rating on shares of T-Mobile US in a research note on Friday, February 13th. Scotiabank cut their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a "sector outperform" rating for the company in a research report on Thursday, February 12th. Finally, Citigroup reduced their target price on shares of T-Mobile US from $268.00 to $220.00 and set a "neutral" rating for the company in a research note on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.09.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of the company's stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the transaction, the director directly owned 140,696 shares in the company, valued at approximately $30,241,198.24. This represents a 36.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Mark Wolfe Nelson sold 10,240 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $220.80, for a total transaction of $2,260,992.00. Following the completion of the transaction, the insider directly owned 74,280 shares of the company's stock, valued at approximately $16,401,024. This trade represents a 12.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 694,134 shares of company stock worth $150,847,799. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Down 1.8%

T-Mobile US stock opened at $217.50 on Tuesday. The stock's 50 day moving average price is $203.07 and its 200 day moving average price is $215.25. The company has a market cap of $239.65 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.43 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60.

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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