Wells Fargo Downgrades T-Mobile US (WBAG:TMUS)

Fintel reports that on January 6, 2025, Wells Fargo downgraded their outlook for T-Mobile US (WBAG:TMUS) from Overweight to Equal-Weight.

What is the Fund Sentiment?

There are 2,603 funds or institutions reporting positions in T-Mobile US. This is an increase of 117 owner(s) or 4.71% in the last quarter. Average portfolio weight of all funds dedicated to TMUS is 0.52%, an increase of 3.77%. Total shares owned by institutions decreased in the last three months by 2.00% to 566,029K shares.

What are Other Shareholders Doing?

AT:TMUS / T-Mobile US, Inc. Shares Held by Institutions

Softbank Group holds 85,361K shares representing 7.36% ownership of the company. No change in the last quarter.

Invesco Qqq Trust, Series 1 holds 22,660K shares representing 1.95% ownership of the company. In its prior filing, the firm reported owning 22,570K shares , representing an increase of 0.40%. The firm increased its portfolio allocation in TMUS by 15.03% over the last quarter.

Price T Rowe Associates holds 21,633K shares representing 1.86% ownership of the company. In its prior filing, the firm reported owning 24,311K shares , representing a decrease of 12.38%. The firm increased its portfolio allocation in TMUS by 0.28% over the last quarter.

Wellington Management Group Llp holds 15,525K shares representing 1.34% ownership of the company. In its prior filing, the firm reported owning 14,922K shares , representing an increase of 3.88%. The firm decreased its portfolio allocation in TMUS by 83.23% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 14,791K shares representing 1.27% ownership of the company. In its prior filing, the firm reported owning 16,660K shares , representing a decrease of 12.64%. The firm decreased its portfolio allocation in TMUS by 2.33% over the last quarter.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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