Beese Fulmer Investment Management Inc. Raises Stake in T-Mobile US, Inc. $TMUS

Beese Fulmer Investment Management Inc. lifted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,631 shares of the Wireless communications provider’s stock after acquiring an additional 2,723 shares during the period. Beese Fulmer Investment Management Inc.’s holdings in T-Mobile US were worth $7,333,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Hughes Medical Institute purchased a new stake in shares of T-Mobile US in the second quarter valued at about $25,000. United Community Bank grew its stake in shares of T-Mobile US by 131.1% in 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 during the period. Elevation Wealth Partners LLC grew its stake in shares of T-Mobile US by 190.0% in 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 during the period. CoreFirst Bank & Trust acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in shares of T-Mobile US during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $218.78 on Wednesday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.90 and a current ratio of 1.00. The stock has a market capitalization of $241.06 billion, a P/E ratio of 22.53, a PEG ratio of 1.41 and a beta of 0.43. The company has a 50 day moving average price of $203.37 and a 200 day moving average price of $215.01. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $272.60.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on TMUS shares. TD Cowen decreased their price objective on T-Mobile US from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. KeyCorp raised T-Mobile US from an “underweight” rating to a “sector weight” rating in a research note on Tuesday, December 2nd. Benchmark restated a “buy” rating on shares of T-Mobile US in a research report on Thursday, February 12th. Zacks Research raised T-Mobile US from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Finally, Wells Fargo & Company increased their price target on T-Mobile US from $225.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and a consensus target price of $257.09.

Insider Activity at T-Mobile US

In other news, CFO Peter Osvaldik sold 27,000 shares of T-Mobile US stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $214.86, for a total value of $5,801,220.00. Following the completion of the sale, the chief financial officer directly owned 51,573 shares of the company’s stock, valued at approximately $11,080,974.78. The trade was a 34.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director G Michael Sievert sold 80,000 shares of the business’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the sale, the director owned 140,696 shares in the company, valued at $30,241,198.24. This represents a 36.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 694,134 shares of company stock valued at $150,847,799 over the last ninety days. 0.37% of the stock is owned by insiders.

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.