Diversify Advisory Services LLC Acquires 3,857 Shares of T-Mobile US, Inc. $TMUS

Diversify Advisory Services LLC increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 84.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,405 shares of the Wireless communications provider’s stock after purchasing an additional 3,857 shares during the quarter. Diversify Advisory Services LLC’s holdings in T-Mobile US were worth $2,012,000 at the end of the most recent reporting period.

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

T-Mobile US Stock Down 1.8%

Shares of T-Mobile US stock opened at $217.50 on Tuesday. T-Mobile US, Inc. has a one year low of $181.36 and a one year high of $272.60. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90. The stock’s 50-day moving average is $203.07 and its 200 day moving average is $215.25. The firm has a market cap of $239.65 billion, a price-to-earnings ratio of 22.40, a PEG ratio of 1.43 and a beta of 0.42.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TMUS. Argus cut their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research note on Tuesday, December 9th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Morgan Stanley dropped their price target on shares of T-Mobile US from $280.00 to $260.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 10th. Finally, Scotiabank reduced their price objective on shares of T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research note on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

Insiders Place Their Bets

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the transaction, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 1,089 shares of the stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $221.85, for a total value of $241,594.65. Following the transaction, the director owned 125,696 shares in the company, valued at $27,885,657.60. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 694,134 shares of company stock valued at $150,847,799 in the last 90 days. Company insiders own 0.37% of the company’s stock.

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.