T-Mobile US, Inc. $TMUS Shares Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 6.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,343 shares of the Wireless communications provider’s stock after buying an additional 4,309 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in T-Mobile US were worth $16,839,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Convergence Financial LLC lifted its stake in shares of T-Mobile US by 54.2% in the second quarter. Convergence Financial LLC now owns 1,597 shares of the Wireless communications provider’s stock valued at $381,000 after purchasing an additional 561 shares during the period. Atlantic Union Bankshares Corp purchased a new position in T-Mobile US in the second quarter valued at about $4,859,000. Graphene Investments SAS lifted its position in shares of T-Mobile US by 8.3% during the 2nd quarter. Graphene Investments SAS now owns 13,000 shares of the Wireless communications provider’s stock valued at $3,097,000 after acquiring an additional 1,000 shares during the period. Andra AP fonden boosted its stake in shares of T-Mobile US by 22.6% during the 2nd quarter. Andra AP fonden now owns 176,100 shares of the Wireless communications provider’s stock worth $41,958,000 after acquiring an additional 32,500 shares in the last quarter. Finally, SouthState Corp boosted its stake in shares of T-Mobile US by 11.1% during the 2nd quarter. SouthState Corp now owns 10,494 shares of the Wireless communications provider’s stock worth $2,500,000 after acquiring an additional 1,047 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on TMUS. Weiss Ratings cut 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 T-Mobile US from $280.00 to $260.00 and set an “overweight” rating for the company in a research report on Wednesday, December 10th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. DZ Bank reiterated a “buy” rating on shares of T-Mobile US in a research report on Friday, February 13th. Finally, Barclays increased their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $257.09.

Insider Activity

In other T-Mobile US news, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction that occurred on Tuesday, February 24th. The shares were 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 of the company’s stock, valued at approximately $14,605,251.26. The trade was a 3.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raul Marcelo Claure sold 550,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director owned 891,204 shares of the company’s stock, valued at $193,899,254.28. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 690,843 shares of company stock valued at $150,120,159. 0.37% of the stock is owned by corporate insiders.

T-Mobile US Trading Up 0.4%

T-Mobile US stock opened at $220.54 on Friday. The stock has a 50-day moving average price of $202.37 and a 200 day moving average price of $216.37. T-Mobile US, Inc. has a 52 week low of $181.36 and a 52 week high of $272.60. The stock has a market cap of $243.00 billion, a PE ratio of 22.71, a P/E/G ratio of 1.42 and a beta of 0.43. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45.

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.