Larson Financial Group LLC Boosts Stake in T-Mobile US, Inc. $TMUS

Larson Financial Group LLC lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 13.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,785 shares of the Wireless communications provider’s stock after acquiring an additional 2,498 shares during the period. Larson Financial Group LLC’s holdings in T-Mobile US were worth $5,215,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new position in T-Mobile US in the second quarter worth $25,000. United Community Bank boosted its holdings 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 shares of T-Mobile US by 190.0% during 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 in the last quarter. CoreFirst Bank & Trust purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $31,000. Finally, Kilter Group LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter worth about $34,000. 42.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on TMUS shares. Royal Bank Of Canada lowered their price target on shares of T-Mobile US from $270.00 to $255.00 and set an “outperform” rating for the company in a research report on Friday, January 16th. Citigroup cut their price objective on shares of T-Mobile US from $268.00 to $220.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Barclays lifted their target price on shares of T-Mobile US from $240.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. Scotiabank dropped their price target on T-Mobile US from $270.50 to $266.00 and set a “sector outperform” rating on the stock in a research report on Thursday, February 12th. Finally, Sanford C. Bernstein restated a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $257.09.

Insiders Place Their Bets

In related news, Director Srikant M. Datar sold 3,291 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the sale, the director owned 1,038 shares of the company’s stock, valued at $229,501.80. This trade represents a 76.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $214.94, for a total transaction of $17,195,200.00. Following the completion of the transaction, the director owned 140,696 shares of the company’s stock, valued at approximately $30,241,198.24. The trade was a 36.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 694,134 shares of company stock valued at $150,847,799. 0.37% of the stock is owned by company insiders.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $214.82 on Tuesday. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 year high of $272.60. The firm’s 50-day moving average is $204.44 and its 200 day moving average is $213.99. The stock has a market cap of $236.70 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.41 and a beta of 0.42. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.90.

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.