Primecap Management Co. CA Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Primecap Management Co. CA lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 0.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 705,699 shares of the Wireless communications provider’s stock after selling 4,100 shares during the period. Primecap Management Co. CA owned 0.06% of T-Mobile US worth $124,330,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TMUS. Aveo Capital Partners LLC increased its stake in T-Mobile US by 6.5% in the 4th quarter. Aveo Capital Partners LLC now owns 2,250 shares of the Wireless communications provider’s stock valued at $361,000 after buying an additional 137 shares during the period. Kingsview Wealth Management LLC boosted its holdings in shares of T-Mobile US by 14.3% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,220 shares of the Wireless communications provider’s stock valued at $677,000 after acquiring an additional 528 shares in the last quarter. Level Four Advisory Services LLC increased its stake in shares of T-Mobile US by 8.4% during the fourth quarter. Level Four Advisory Services LLC now owns 4,555 shares of the Wireless communications provider’s stock worth $730,000 after acquiring an additional 354 shares during the period. Thoroughbred Financial Services LLC purchased a new position in T-Mobile US during the fourth quarter worth about $207,000. Finally, D.A. Davidson & CO. lifted its position in T-Mobile US by 15.4% in the fourth quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock valued at $5,285,000 after purchasing an additional 4,407 shares during the period. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the transaction, the director now directly owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other T-Mobile US news, Director Raul Marcelo Claure sold 132,309 shares of T-Mobile US stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $196.74, for a total value of $26,030,472.66. Following the completion of the sale, the director now owns 1,551,204 shares in the company, valued at approximately $305,183,874.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $175.86, for a total transaction of $23,470,451.46. Following the transaction, the director now owns 670,545,206 shares in the company, valued at $117,922,079,927.16. The disclosure for this sale can be found here. In the last three months, insiders sold 840,336 shares of company stock valued at $154,461,060. Company insiders own 0.67% of the company’s stock.

Analysts Set New Price Targets

TMUS has been the topic of several recent analyst reports. KeyCorp boosted their target price on T-Mobile US from $190.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday. Citigroup increased their price objective on T-Mobile US from $184.00 to $210.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley increased their price target on shares of T-Mobile US from $191.00 to $209.00 and gave the company an “overweight” rating in a report on Monday. Finally, Barclays boosted their price objective on shares of T-Mobile US from $180.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $205.69.

T-Mobile US Stock Performance

T-Mobile US stock opened at $202.70 on Wednesday. T-Mobile US, Inc. has a fifty-two week low of $135.82 and a fifty-two week high of $206.30. The company has a market capitalization of $237.53 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 0.74 and a beta of 0.51. The stock has a fifty day moving average of $191.16 and a two-hundred day moving average of $175.90. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Wednesday, July 31st. The Wireless communications provider reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.22. The firm had revenue of $19.77 billion during the quarter, compared to analysts’ expectations of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.86 EPS. On average, analysts anticipate that T-Mobile US, Inc. will post 9.18 EPS for the current fiscal year.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.