T-Mobile US, Inc. $TMUS Position Lowered by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 668,629 shares of the Wireless communications provider’s stock after selling 24,556 shares during the period. CIBC Private Wealth Group LLC’s holdings in T-Mobile US were worth $160,056,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CIBC Bancorp USA Inc. bought a new position in T-Mobile US during the 3rd quarter worth approximately $42,884,000. Tcfg Wealth Management LLC grew its position in shares of T-Mobile US by 5.6% in the 3rd quarter. Tcfg Wealth Management LLC now owns 999 shares of the Wireless communications provider’s stock worth $239,000 after acquiring an additional 53 shares in the last quarter. WBI Investments LLC increased its holdings in shares of T-Mobile US by 10.4% in the 3rd quarter. WBI Investments LLC now owns 2,451 shares of the Wireless communications provider’s stock valued at $587,000 after acquiring an additional 230 shares during the last quarter. Old North State Trust LLC raised its position in shares of T-Mobile US by 6.5% during the 3rd quarter. Old North State Trust LLC now owns 5,011 shares of the Wireless communications provider’s stock valued at $1,200,000 after acquiring an additional 307 shares in the last quarter. Finally, Caerus Investment Advisors LLC raised its position in shares of T-Mobile US by 207.8% during the 3rd quarter. Caerus Investment Advisors LLC now owns 3,257 shares of the Wireless communications provider’s stock valued at $780,000 after acquiring an additional 2,199 shares in 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, insider Mark Wolfe Nelson sold 10,240 shares of the company’s 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 owned 74,280 shares in the company, valued at approximately $16,401,024. This represents a 12.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Raul Marcelo Claure sold 550,000 shares of the 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 directly owned 891,204 shares in the company, valued at approximately $193,899,254.28. This trade represents a 38.16% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 694,134 shares of company stock valued at $150,847,799. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research reports. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a report on Thursday, February 19th. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. TD Cowen reduced their price target on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Barclays lifted their price target on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Finally, Oppenheimer downgraded shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $257.30.

T-Mobile US Price Performance

Shares of TMUS opened at $213.35 on Wednesday. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock has a fifty day moving average price of $204.73 and a 200 day moving average price of $213.72. The company has a market cap of $235.08 billion, a P/E ratio of 21.97, a PEG ratio of 1.40 and a beta of 0.43.

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.