Toronto Dominion Bank Has $67.56 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Toronto Dominion Bank grew its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 306,092 shares of the Wireless communications provider's stock after acquiring an additional 34,508 shares during the quarter. Toronto Dominion Bank's holdings in T-Mobile US were worth $67,563,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in T-Mobile US by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 11,857,917 shares of the Wireless communications provider's stock valued at $2,610,542,000 after purchasing an additional 90,755 shares during the last quarter. Invesco Ltd. increased its stake in shares of T-Mobile US by 4.6% in the fourth quarter. Invesco Ltd. now owns 8,809,417 shares of the Wireless communications provider's stock valued at $1,944,503,000 after purchasing an additional 384,956 shares during the period. Norges Bank bought a new stake in shares of T-Mobile US during the fourth quarter valued at approximately $1,802,393,000. Capital International Investors boosted its position in shares of T-Mobile US by 36.2% during the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after buying an additional 1,734,998 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of T-Mobile US by 85.5% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock worth $1,329,919,000 after buying an additional 2,777,657 shares during the period. Institutional investors and hedge funds own 42.49% of the company's stock.

Insider Buying and Selling

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at $865,533. The trade was a 18.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.37% of the company's stock.

T-Mobile US Trading Up 1.9%

Shares of NASDAQ:TMUS traded up $4.46 during midday trading on Friday, reaching $242.88. The company had a trading volume of 1,246,662 shares, compared to its average volume of 4,187,220. The company has a fifty day simple moving average of $251.04 and a two-hundred day simple moving average of $243.81. The firm has a market cap of $275.77 billion, a price-to-earnings ratio of 25.12, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. T-Mobile US, Inc. has a 1-year low of $167.13 and a 1-year high of $276.49. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, topping the consensus estimate of $2.48 by $0.10. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same period last year, the company posted $2.00 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Analysts Set New Price Targets

TMUS has been the topic of several analyst reports. Oppenheimer raised their target price on T-Mobile US from $250.00 to $275.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Wall Street Zen cut T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Scotiabank raised T-Mobile US from a "sector perform" rating to a "sector outperform" rating and raised their price target for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. UBS Group downgraded shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a report on Friday, March 21st. Finally, Bank of America increased their target price on shares of T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Eleven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Profile

T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services.