Napa Wealth Management Increases Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Napa Wealth Management lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 128.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,031 shares of the Wireless communications provider's stock after acquiring an additional 7,319 shares during the period. T-Mobile US accounts for about 1.2% of Napa Wealth Management's investment portfolio, making the stock its 13th largest holding. Napa Wealth Management's holdings in T-Mobile US were worth $2,876,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TMUS. Barclays PLC increased its position in T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Czech National Bank increased its position in T-Mobile US by 5.9% during the 4th quarter. Czech National Bank now owns 105,679 shares of the Wireless communications provider's stock valued at $23,327,000 after buying an additional 5,851 shares in the last quarter. Aprio Wealth Management LLC bought a new position in T-Mobile US during the 4th quarter valued at approximately $247,000. Fiduciary Alliance LLC purchased a new stake in T-Mobile US during the 4th quarter valued at $1,121,000. Finally, Trust Co. of Toledo NA OH boosted its stake in T-Mobile US by 6.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 1,130 shares of the Wireless communications provider's stock valued at $249,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on TMUS. Bank of America increased their target price on T-Mobile US from $240.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Benchmark restated a "buy" rating and issued a $275.00 price target on shares of T-Mobile US in a research note on Thursday, March 27th. HSBC downgraded T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price target on the stock. in a research note on Wednesday, March 5th. Oppenheimer raised their price target on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research note on Wednesday, February 26th. Ten analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, T-Mobile US has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

T-Mobile US Price Performance

NASDAQ TMUS traded up $2.50 during trading on Friday, hitting $242.66. 4,399,603 shares of the stock traded hands, compared to its average volume of 4,232,262. The company has a market capitalization of $275.53 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The firm has a 50-day simple moving average of $254.24 and a 200-day simple moving average of $242.87. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12-month low of $162.56 and a 12-month high of $276.49.

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

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 owns 3,291 shares in the company, valued at $865,533. This trade represents a 18.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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.