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

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

A number of other large investors have also recently made changes to their positions in TMUS. Howard Hughes Medical Institute bought a new position in shares of T-Mobile US in the 2nd quarter valued at about $25,000. United Community Bank grew its position in T-Mobile US by 131.1% in the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. Elevation Wealth Partners LLC increased its stake in T-Mobile US by 190.0% during the third quarter. Elevation Wealth Partners LLC now owns 116 shares of the Wireless communications provider’s stock worth $28,000 after acquiring an additional 76 shares during the last quarter. CoreFirst Bank & Trust purchased a new stake in T-Mobile US during the second quarter valued at approximately $31,000. Finally, Kilter Group LLC purchased a new stake in T-Mobile US during the second quarter valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on TMUS shares. Daiwa Securities Group upgraded T-Mobile US from a “neutral” rating to an “outperform” rating and set a $240.00 target price for the company in a report on Thursday, February 19th. JPMorgan Chase & Co. restated a “buy” rating on shares of T-Mobile US in a report on Thursday, February 12th. Citigroup lowered their price target on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Sanford C. Bernstein reaffirmed a “neutral” rating on shares of T-Mobile US in a research note on Thursday, February 19th. Finally, Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One investment 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Activity

In related news, Director Srikant M. Datar sold 3,291 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total transaction of $727,640.10. Following the completion of the transaction, the director owned 1,038 shares in the company, valued at $229,501.80. The trade was a 76.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 65,677 shares in the company, valued at $14,605,251.26. This trade represents 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 worth $150,847,799 in the last three months. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Up 1.4%

Shares of NASDAQ:TMUS opened at $217.39 on Friday. The firm 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 business has a 50 day simple moving average of $204.16 and a two-hundred day simple moving average of $214.50. T-Mobile US, Inc. has a 1 year low of $181.36 and a 1 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.

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.