Wellington Management Group LLP increased its position in T-Mobile US Inc. (NASDAQ:TMUS) by 2.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,112,513 shares of the company’s stock after buying an additional 27,572 shares during the period. Wellington Management Group LLP owned approximately 0.14% of T-Mobile US worth $42,609,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Convergence Investment Partners LLC boosted its position in T-Mobile US by 0.4% in the fourth quarter. Convergence Investment Partners LLC now owns 110,282 shares of the company’s stock worth $4,314,000 after buying an additional 480 shares during the period. Voya Investment Management LLC boosted its position in T-Mobile US by 2.4% in the fourth quarter. Voya Investment Management LLC now owns 30,667 shares of the company’s stock worth $1,200,000 after buying an additional 722 shares during the period. Daiwa SB Investments Ltd. boosted its position in T-Mobile US by 2.8% in the first quarter. Daiwa SB Investments Ltd. now owns 35,450 shares of the company’s stock worth $1,358,000 after buying an additional 961 shares during the period. Pictet Asset Management Ltd. boosted its position in T-Mobile US by 2.1% in the first quarter. Pictet Asset Management Ltd. now owns 101,850 shares of the company’s stock worth $3,779,000 after buying an additional 2,100 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its position in T-Mobile US by 8.1% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 35,718 shares of the company’s stock worth $1,397,000 after buying an additional 2,691 shares during the period.
Shares of T-Mobile US Inc. (NASDAQ:TMUS) traded down 0.13% during mid-day trading on Tuesday, reaching $44.98. 3,179,705 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $43.23 and a 200-day moving average price of $39.94. T-Mobile US Inc. has a 1-year low of $33.23 and a 1-year high of $45.64. The company has a market capitalization of $36.98 billion and a P/E ratio of 30.64.
Several equities research analysts recently commented on TMUS shares. Morgan Stanley reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, April 27th. Nomura lowered shares of T-Mobile US from a “buy” rating to a “neutral” rating in a research report on Friday, June 24th. Jefferies Group reiterated a “buy” rating and issued a $45.00 price objective on shares of T-Mobile US in a research report on Wednesday, June 8th. HSBC reiterated a “hold” rating and issued a $42.00 price objective on shares of T-Mobile US in a research report on Monday, May 23rd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $51.00 price objective (up from $47.00) on shares of T-Mobile US in a research report on Monday, June 13th. Twelve research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. T-Mobile US presently has a consensus rating of “Buy” and an average target price of $45.79.
In other T-Mobile US news, EVP Larry L. Myers sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 4th. The stock was sold at an average price of $39.51, for a total transaction of $118,530.00. Following the transaction, the executive vice president now owns 136,260 shares in the company, valued at approximately $5,383,632.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thomas Christopher Keys sold 60,000 shares of the firm’s stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $41.23, for a total value of $2,473,800.00. Following the transaction, the insider now owns 430,576 shares in the company, valued at approximately $17,752,648.48. The disclosure for this sale can be found here.
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