Dodge & Cox Has $896.12 Million Position in T-Mobile US, Inc. $TMUS

Dodge & Cox lessened its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,743,522 shares of the Wireless communications provider’s stock after selling 356,757 shares during the period. Dodge & Cox owned approximately 0.33% of T-Mobile US worth $896,124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of T-Mobile US by 14.2% during 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 during the last quarter. PNC Financial Services Group Inc. increased its position in T-Mobile US by 76.7% during the second quarter. PNC Financial Services Group Inc. now owns 278,602 shares of the Wireless communications provider’s stock worth $66,380,000 after acquiring an additional 120,960 shares during the period. Bailard Inc. raised its stake in T-Mobile US by 6.2% during the 2nd quarter. Bailard Inc. now owns 2,406 shares of the Wireless communications provider’s stock valued at $573,000 after purchasing an additional 140 shares during the last quarter. ABN Amro Investment Solutions bought a new stake in T-Mobile US in the 2nd quarter valued at $6,848,000. Finally, Burling Wealth Partners LLC grew its position in T-Mobile US by 24.9% in the 2nd quarter. Burling Wealth Partners LLC now owns 19,385 shares of the Wireless communications provider’s stock worth $4,619,000 after purchasing an additional 3,866 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Activity at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. The trade was a 34.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred 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 sale, the director owned 125,696 shares in the company, valued at approximately $27,885,657.60. This trade represents a 0.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. Insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on TMUS. TD Cowen reduced their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. Wall Street Zen downgraded T-Mobile US from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, KeyCorp raised shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Trading Up 1.4%

Shares of TMUS stock 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 12-month low of $181.36 and a 12-month high of $272.60. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $204.16 and a 200 day moving average price of $214.76.

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.