Larson Financial Group LLC Acquires 2,498 Shares of T-Mobile US, Inc. $TMUS

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

Several other large investors also recently bought and sold shares of the business. Howard Hughes Medical Institute bought a new stake in shares of T-Mobile US in the second quarter worth approximately $25,000. United Community Bank lifted its position in T-Mobile US by 131.1% during the third quarter. United Community Bank now owns 104 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 59 shares during the period. Elevation Wealth Partners LLC lifted its position 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 valued at $28,000 after purchasing an additional 76 shares during the period. CoreFirst Bank & Trust purchased a new stake in T-Mobile US in the second quarter worth approximately $31,000. Finally, Kilter Group LLC purchased a new stake in T-Mobile US in the second quarter worth approximately $34,000. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 3,291 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $221.10, for a total value of $727,640.10. Following the completion of the sale, the director owned 1,038 shares in the company, valued at $229,501.80. This represents a 76.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark Wolfe Nelson sold 2,329 shares of the firm’s stock in a transaction dated 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 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 a total of 694,134 shares of company stock worth $150,847,799 over the last three months. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. Weiss Ratings lowered shares of T-Mobile US from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. UBS Group restated a “buy” rating on shares of T-Mobile US in a research note on Thursday, February 12th. Wall Street Zen lowered T-Mobile US from a “hold” rating to a “sell” rating in a report on Saturday. Morgan Stanley reduced their price objective 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. Finally, KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $257.09.

T-Mobile US Stock Down 1.2%

Shares of TMUS stock opened at $214.82 on Tuesday. The company has a current ratio of 1.00, a quick ratio of 0.90 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 12 month low of $181.36 and a 12 month high of $272.60. The stock has a market cap of $236.70 billion, a P/E ratio of 22.12, a P/E/G ratio of 1.41 and a beta of 0.42. The company has a 50 day simple moving average of $204.44 and a two-hundred day simple moving average of $213.99.

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.