CSM Advisors LLC Purchases 47,356 Shares of T-Mobile US, Inc. $TMUS

CSM Advisors LLC raised its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 62.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,378 shares of the Wireless communications provider’s stock after purchasing an additional 47,356 shares during the quarter. CSM Advisors LLC’s holdings in T-Mobile US were worth $29,533,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US during the 2nd quarter valued at $25,000. United Community Bank lifted its stake 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 valued at $25,000 after buying an additional 59 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings 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 buying an additional 76 shares during the period. CoreFirst Bank & Trust bought a new position in T-Mobile US in the 2nd quarter worth $31,000. Finally, Kilter Group LLC purchased a new stake in T-Mobile US in the 2nd quarter worth $34,000. 42.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other T-Mobile US news, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US 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 sale, the chief financial officer owned 51,573 shares of the company’s stock, valued at $11,080,974.78. The trade was a 34.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total value of $517,923.02. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock valued at $150,847,799 in the last ninety days. Company insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.4%

TMUS opened at $217.39 on Friday. The company has a market capitalization of $239.53 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 1.41 and a beta of 0.43. The firm has a 50-day simple moving average of $204.16 and a two-hundred day simple moving average of $214.50. 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 52 week low of $181.36 and a 52 week high of $272.60.

Analysts Set New Price Targets

TMUS has been the topic of several research analyst reports. Argus lowered their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a research report on Tuesday, December 9th. Wolfe Research reiterated an “outperform” rating and set a $255.00 target price on shares of T-Mobile US in a research report on Thursday, February 12th. Barclays lifted their target price on T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. reissued a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Finally, The Goldman Sachs Group upped their price target on T-Mobile US from $233.00 to $254.00 and gave the stock a “buy” rating 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.