Wellington Management Group LLP Purchases 4,335,368 Shares of T-Mobile US, Inc. $TMUS

Wellington Management Group LLP boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 47.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 13,461,669 shares of the Wireless communications provider’s stock after purchasing an additional 4,335,368 shares during the quarter. T-Mobile US makes up 0.6% of Wellington Management Group LLP’s portfolio, making the stock its 28th largest position. Wellington Management Group LLP’s holdings in T-Mobile US were worth $3,222,454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Howard Hughes Medical Institute purchased a new position in T-Mobile US during the 2nd quarter valued at approximately $25,000. United Community Bank raised its holdings in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in shares of 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 purchased a new position in shares of T-Mobile US in the second quarter valued at $31,000. Finally, City Holding Co. grew its holdings in shares of T-Mobile US by 48.4% in the third quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 46 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Insider Buying and Selling at T-Mobile US

In other news, Director G Michael Sievert sold 80,000 shares of the stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the sale, the director owned 140,696 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. Also, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction dated 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 owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 694,134 shares of company stock valued at $150,847,799. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research 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. BNP Paribas Exane dropped their price objective on shares of T-Mobile US from $300.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, January 16th. Daiwa Securities Group upgraded shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price on the stock in a report on Thursday, February 19th. Wells Fargo & Company upped their target price on shares of T-Mobile US from $225.00 to $235.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Finally, Morgan Stanley lowered their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $217.39 on Friday. The firm has a market capitalization of $239.53 billion, a PE ratio of 22.39, a PEG ratio of 1.39 and a beta of 0.43. The stock’s fifty day moving average is $204.16 and its 200 day moving average is $214.76. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60. 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 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.