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

Crossmark Global Holdings Inc. boosted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 6.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,343 shares of the Wireless communications provider’s stock after acquiring an additional 4,309 shares during the period. Crossmark Global Holdings Inc.’s holdings in T-Mobile US were worth $16,839,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Cetera Trust Company N.A increased its holdings in T-Mobile US by 0.4% in the second quarter. Cetera Trust Company N.A now owns 12,018 shares of the Wireless communications provider’s stock valued at $2,863,000 after buying an additional 45 shares during the last quarter. L2 Asset Management LLC boosted its position in shares of T-Mobile US by 2.2% during the 2nd quarter. L2 Asset Management LLC now owns 2,082 shares of the Wireless communications provider’s stock worth $496,000 after acquiring an additional 45 shares in the last quarter. City Holding Co. raised its position in shares of T-Mobile US by 48.4% during the 3rd quarter. City Holding Co. now owns 141 shares of the Wireless communications provider’s stock worth $34,000 after acquiring an additional 46 shares in the last quarter. PAX Financial Group LLC lifted its stake in T-Mobile US by 4.1% during the second quarter. PAX Financial Group LLC now owns 1,190 shares of the Wireless communications provider’s stock worth $284,000 after purchasing an additional 47 shares during the last quarter. Finally, New Republic Capital LLC boosted its holdings in T-Mobile US by 4.7% in the third quarter. New Republic Capital LLC now owns 1,073 shares of the Wireless communications provider’s stock valued at $257,000 after purchasing an additional 48 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, Director G Michael Sievert sold 1,089 shares of the company’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $221.85, for a total transaction of $241,594.65. Following the completion of the transaction, the director owned 125,696 shares in the company, valued at approximately $27,885,657.60. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $222.38, for a total transaction 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. The SEC filing for this sale provides additional information. Insiders have sold 690,843 shares of company stock worth $150,120,159 over the last three months. 0.37% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Oppenheimer lowered shares of T-Mobile US from an “outperform” rating to a “market perform” rating in a research note on Friday, November 21st. Wolfe Research reissued an “outperform” rating and issued a $255.00 price target on shares of T-Mobile US in a research report on Thursday, February 12th. Argus dropped their price objective on T-Mobile US from $275.00 to $245.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, UBS Group reiterated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $257.09.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $220.54 on Friday. The stock’s 50-day moving average price is $202.37 and its 200 day moving average price is $216.37. The company has a quick ratio of 0.90, a current ratio of 1.00 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $243.00 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.42 and a beta of 0.43. T-Mobile US, Inc. has a 52-week low of $181.36 and a 52-week high of $272.60.

T-Mobile US 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.