Capital Wealth Planning LLC Boosts Position in T-Mobile US, Inc. $TMUS

Capital Wealth Planning LLC raised its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 282.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,169 shares of the Wireless communications provider’s stock after acquiring an additional 18,588 shares during the quarter. Capital Wealth Planning LLC’s holdings in T-Mobile US were worth $6,025,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at about $25,000. United Community Bank boosted 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 worth $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of T-Mobile US by 190.0% in the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 76 shares during the last quarter. CoreFirst Bank & Trust bought a new stake in 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 valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target 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. Argus cut their price objective on shares of T-Mobile US from $275.00 to $245.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. Finally, Oppenheimer downgraded T-Mobile US from an “outperform” rating to a “market perform” rating in a research report on Friday, November 21st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Activity

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

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $217.39 on Friday. The company has a market capitalization of $239.53 billion, a P/E ratio of 22.39, a P/E/G ratio of 1.39 and a beta of 0.43. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60. The firm’s 50 day simple moving average is $204.16 and its two-hundred day simple moving average is $214.76. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

About T-Mobile US

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.