Dodge & Cox Has $896.12 Million Stock Position in T-Mobile US, Inc. $TMUS

Dodge & Cox lowered its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 8.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,743,522 shares of the Wireless communications provider’s stock after selling 356,757 shares during the quarter. Dodge & Cox’s holdings in T-Mobile US were worth $896,124,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Howard Hughes Medical Institute acquired a new position in shares of T-Mobile US during the second quarter worth approximately $25,000. United Community Bank increased its holdings in shares of T-Mobile US by 131.1% in 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 in the last quarter. Elevation Wealth Partners LLC raised its position in T-Mobile US by 190.0% in the 3rd quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 76 shares during the last quarter. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new position in T-Mobile US during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Wall Street Analyst Weigh In

TMUS has been the subject of several research reports. Benchmark reissued a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Weiss Ratings cut T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Citigroup lowered their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Royal Bank Of Canada dropped their price objective on T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a report on Friday, January 16th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $255.00 target price on shares of T-Mobile US in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Activity at T-Mobile US

In other news, insider Mark Wolfe Nelson sold 10,240 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $220.80, for a total value of $2,260,992.00. Following the completion of the sale, the insider directly owned 74,280 shares of the company’s stock, valued at $16,401,024. This represents a 12.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Srikant M. Datar sold 3,291 shares of T-Mobile US stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the transaction, the director directly owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 694,134 shares of company stock worth $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Up 1.4%

Shares of T-Mobile US stock opened at $217.39 on Friday. The business has a fifty day simple moving average of $204.16 and a 200 day simple moving average of $214.76. The stock has a market cap of $239.53 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.39 and a beta of 0.43. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 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.