T-Mobile US, Inc. $TMUS Shares Acquired by Distillate Capital Partners LLC

Distillate Capital Partners LLC raised its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 20.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 186,642 shares of the Wireless communications provider’s stock after buying an additional 31,280 shares during the period. T-Mobile US accounts for about 2.3% of Distillate Capital Partners LLC’s portfolio, making the stock its 4th largest holding. Distillate Capital Partners LLC’s holdings in T-Mobile US were worth $44,692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of T-Mobile US in the second quarter valued at about $1,477,780,000. Wellington Management Group LLP boosted its position in T-Mobile US by 47.5% during the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock valued at $3,222,454,000 after purchasing an additional 4,335,368 shares during the last quarter. Marshall Wace LLP grew its stake in T-Mobile US by 2,303.2% in the second quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock valued at $428,174,000 after purchasing an additional 1,878,654 shares in the last quarter. Viking Global Investors LP grew its stake in T-Mobile US by 81.7% in the second quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock valued at $677,925,000 after purchasing an additional 1,279,422 shares in the last quarter. Finally, Amundi increased its position in shares of T-Mobile US by 44.6% during the 3rd quarter. Amundi now owns 4,109,084 shares of the Wireless communications provider’s stock worth $924,380,000 after purchasing an additional 1,266,808 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TMUS. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 price objective on the stock in a research note on Thursday, February 19th. TD Cowen lowered their target price on shares of T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Zacks Research raised shares of T-Mobile US from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Finally, DZ Bank restated a “buy” rating on shares of T-Mobile US in a research note on Friday, February 13th. One 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 MarketBeat.com, T-Mobile US currently has a consensus rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Stock Up 1.4%

TMUS opened at $217.39 on Monday. The stock’s fifty day simple moving average is $204.16 and its 200 day simple moving average is $214.25. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $272.60. The stock has a market cap of $239.53 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.42. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

Insider Buying and Selling

In related news, Director Raul Marcelo Claure sold 550,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $217.57, for a total value of $119,663,500.00. Following the transaction, the director owned 891,204 shares in the company, valued at approximately $193,899,254.28. This represents a 38.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $5,801,220.00. Following the completion of the transaction, the chief financial officer directly owned 51,573 shares in the company, valued at approximately $11,080,974.78. This represents a 34.36% 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 currently owned by insiders.

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.