Banque Cantonale Vaudoise Increases Stock Holdings in T-Mobile US, Inc. $TMUS

Banque Cantonale Vaudoise increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 37.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,037 shares of the Wireless communications provider’s stock after purchasing an additional 3,030 shares during the period. Banque Cantonale Vaudoise’s holdings in T-Mobile US were worth $2,642,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $25,000. United Community Bank increased its holdings in shares of T-Mobile US by 131.1% during the 3rd quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Elevation Wealth Partners LLC raised its position in shares of T-Mobile US by 190.0% during the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 76 shares during the period. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US during the 2nd quarter valued at approximately $31,000. Finally, Kilter Group LLC acquired a new position in T-Mobile US in the second quarter valued at approximately $34,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at T-Mobile US

In related news, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the sale, the director directly owned 125,696 shares of the company’s stock, valued at $27,885,657.60. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the sale, the insider directly owned 65,677 shares in the company, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Price Performance

TMUS opened at $218.78 on Wednesday. The stock’s 50-day moving average price is $203.37 and its 200 day moving average price is $215.01. T-Mobile US, Inc. has a 12-month low of $181.36 and a 12-month high of $272.60. The firm has a market cap of $241.06 billion, a price-to-earnings ratio of 22.53, a PEG ratio of 1.41 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

Analyst Upgrades and Downgrades

TMUS has been the subject of several analyst reports. Zacks Research upgraded T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Citigroup decreased their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price target for the company in a report on Thursday, February 19th. Barclays raised their price objective on T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a research report on Thursday, February 12th. Finally, Morgan Stanley reduced their price objective on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $257.09.

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.