Chevy Chase Trust Holdings LLC Buys 29,960 Shares of T-Mobile US, Inc. $TMUS

Chevy Chase Trust Holdings LLC lifted its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 466,611 shares of the Wireless communications provider’s stock after buying an additional 29,960 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in T-Mobile US were worth $111,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TMUS. Howard Hughes Medical Institute purchased a new position in T-Mobile US in the 2nd quarter worth approximately $25,000. United Community Bank boosted its stake in shares of T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC boosted its stake in shares of T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 76 shares during the period. CoreFirst Bank & Trust bought a new position in shares of T-Mobile US in the second quarter worth approximately $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 worth $34,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In related news, CFO Peter Osvaldik sold 27,000 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at $11,080,974.78. This represents a 34.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director G Michael Sievert sold 1,089 shares of the firm’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total transaction 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. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on TMUS shares. KeyCorp upgraded shares of T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Benchmark reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research report on Thursday, February 19th. Daiwa Securities Group raised shares of T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective for the company in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $217.39 on Friday. 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’s fifty day simple moving average is $204.16 and its 200 day simple moving average is $214.50. The stock has a market cap of $239.53 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.43. T-Mobile US, Inc. has a twelve month low of $181.36 and a twelve month high of $272.60.

T-Mobile US Company 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.