Texas Bank & Trust Co Takes $263,000 Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Texas Bank & Trust Co bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,190 shares of the Wireless communications provider’s stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the stock. Stonebrook Private Inc. purchased a new stake in T-Mobile US during the 4th quarter valued at about $207,000. Tang Capital Management LLC boosted its holdings in T-Mobile US by 321.0% during the 4th quarter. Tang Capital Management LLC now owns 4,509 shares of the Wireless communications provider’s stock valued at $995,000 after acquiring an additional 3,438 shares during the period. Toronto Dominion Bank boosted its holdings in T-Mobile US by 12.7% during the 4th quarter. Toronto Dominion Bank now owns 306,092 shares of the Wireless communications provider’s stock valued at $67,563,000 after acquiring an additional 34,508 shares during the period. Safeguard Investment Advisory Group LLC purchased a new stake in T-Mobile US during the 4th quarter valued at about $201,000. Finally, Snowden Capital Advisors LLC lifted its holdings in 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 worth $1,411,000 after buying an additional 40 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on TMUS shares. Evercore ISI upgraded T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Barclays increased their price objective on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Tigress Financial increased their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Hsbc Global Res lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 5th. Finally, Bank of America raised their price objective on T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Ten analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, T-Mobile US presently has a consensus rating of “Moderate Buy” and a consensus target price of $257.68.

T-Mobile US Trading Up 1.0%

Shares of TMUS stock opened at $242.66 on Monday. The company has a market cap of $275.53 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 1.55 and a beta of 0.69. The stock’s 50 day simple moving average is $253.96 and its two-hundred day simple moving average is $243.27. T-Mobile US, Inc. has a 1 year low of $163.15 and a 1 year high of $276.49. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.91 and a quick ratio of 0.83.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $20.67 billion. During the same quarter in the prior year, the firm earned $2.00 earnings per share. T-Mobile US’s revenue was up 6.6% compared to the same quarter last year. Research analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Insider Buying and Selling at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the stock in a transaction 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 sale, the director now owns 3,291 shares in the company, valued at approximately $865,533. This represents a 18.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.67% of the company’s stock.

T-Mobile US Company 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.