T-Mobile US, Inc. (NASDAQ:TMUS) Shares Bought by Toronto Dominion Bank

Toronto Dominion Bank lifted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 306,092 shares of the Wireless communications provider's stock after buying an additional 34,508 shares during the quarter. Toronto Dominion Bank's holdings in T-Mobile US were worth $67,563,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TMUS. Safeguard Investment Advisory Group LLC acquired a new position in shares of T-Mobile US during the 4th quarter worth about $201,000. Snowden Capital Advisors LLC grew its position in shares of T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after purchasing an additional 40 shares during the period. Siemens Fonds Invest GmbH grew its stake in shares of T-Mobile US by 28.7% during the 4th quarter. Siemens Fonds Invest GmbH now owns 42,156 shares of the Wireless communications provider's stock worth $9,305,000 after acquiring an additional 9,411 shares in the last quarter. Security National Bank of SO Dak bought a new position in shares of T-Mobile US during the 4th quarter worth approximately $208,000. Finally, SGL Investment Advisors Inc. grew its stake in shares of T-Mobile US by 307.3% during the 4th quarter. SGL Investment Advisors Inc. now owns 4,378 shares of the Wireless communications provider's stock worth $966,000 after acquiring an additional 3,303 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TMUS has been the topic of several research reports. Scotiabank upgraded shares of T-Mobile US from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $275.00 to $277.50 in a report on Wednesday, April 30th. Citigroup downgraded T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price objective for the company. in a research note on Friday, March 14th. Tigress Financial increased their target price on shares of T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Barclays raised their price objective on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Evercore ISI upgraded T-Mobile US to a "strong-buy" rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $257.68.

T-Mobile US Stock Down 1.2%

T-Mobile US stock traded down $3.04 during midday trading on Tuesday, reaching $241.21. The company's stock had a trading volume of 4,787,688 shares, compared to its average volume of 4,244,746. T-Mobile US, Inc. has a fifty-two week low of $163.26 and a fifty-two week high of $276.49. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The company has a market cap of $273.88 billion, a P/E ratio of 24.94, a P/E/G ratio of 1.55 and a beta of 0.69. The business has a 50-day simple moving average of $253.37 and a 200-day simple moving average of $243.40.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. The company had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. During the same quarter in the previous year, the business earned $2.00 earnings per share. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the completion of the transaction, the director now directly owns 3,291 shares in the company, valued at approximately $865,533. This trade represents a 18.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by company insiders.

About T-Mobile US

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.