Wellington Management Group LLP Buys 4,335,368 Shares of T-Mobile US, Inc. $TMUS

Wellington Management Group LLP raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 47.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,461,669 shares of the Wireless communications provider’s stock after buying an additional 4,335,368 shares during the quarter. T-Mobile US comprises about 0.6% of Wellington Management Group LLP’s investment portfolio, making the stock its 28th biggest holding. Wellington Management Group LLP owned about 1.20% of T-Mobile US worth $3,222,454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in TMUS. 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 raised its holdings 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 last quarter. Elevation Wealth Partners LLC raised its holdings 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 last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US during the second quarter valued at approximately $31,000. Finally, Kilter Group LLC bought a new position in T-Mobile US during the second quarter valued at approximately $34,000. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

TMUS has been the subject of a number of research analyst reports. Weiss Ratings downgraded shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. TD Cowen dropped their price target on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Morgan Stanley cut their price objective on T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a report on Wednesday, December 10th. Finally, JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. One 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, the company currently has an average rating of “Moderate Buy” and an average target price of $257.09.

Insider Buying and Selling

In other T-Mobile US news, Director Raul Marcelo Claure sold 550,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $217.57, for a total transaction of $119,663,500.00. Following the sale, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mark Wolfe Nelson sold 10,240 shares of T-Mobile US stock in a transaction that occurred on 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 transaction, the insider directly owned 74,280 shares in the company, valued at $16,401,024. This represents a 12.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 694,134 shares of company stock worth $150,847,799 in the last quarter. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.4%

TMUS opened at $217.39 on Friday. 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 market capitalization of $239.53 billion, a PE ratio of 22.39, a PEG 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 company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

T-Mobile US 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.