T-Mobile US, Inc. $TMUS Shares Sold by Narwhal Capital Management

Narwhal Capital Management cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 58.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 2,156 shares of the Wireless communications provider’s stock after selling 3,033 shares during the quarter. Narwhal Capital Management’s holdings in T-Mobile US were worth $352,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TMUS. First National Bank of Mount Dora Trust Investment Services boosted its stake in shares of T-Mobile US by 34.8% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 59,958 shares of the Wireless communications provider’s stock worth $12,593,000 after acquiring an additional 15,495 shares in the last quarter. Perpetual Ltd grew its holdings in shares of T-Mobile US by 140.1% in the 3rd quarter. Perpetual Ltd now owns 11,168 shares of the Wireless communications provider’s stock worth $1,821,000 after acquiring an additional 6,517 shares during the last quarter. Liontrust Investment Partners LLP raised its position in shares of T-Mobile US by 46.0% during the first quarter. Liontrust Investment Partners LLP now owns 57,402 shares of the Wireless communications provider’s stock worth $12,056,000 after purchasing an additional 18,075 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of T-Mobile US during the second quarter worth $5,870,000. Finally, Paralel Advisors LLC acquired a new stake in shares of T-Mobile US during the second quarter worth $1,846,000. 42.49% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $178.33, for a total value of $137,670.76. Following the completion of the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is currently owned by company insiders.

T-Mobile US Stock Up 0.2%

NASDAQ:TMUS opened at $169.08 on Wednesday. The business’s fifty day moving average price is $164.48 and its 200 day moving average price is $186.03. The firm has a market capitalization of $179.10 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 0.97 and a beta of 0.40. The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45. T-Mobile US, Inc. has a 1-year low of $143.75 and a 1-year high of $224.75.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.89 by $0.33. The business had revenue of $23.58 billion during the quarter, compared to analysts’ expectations of $23.15 billion. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $2.41 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 11.50 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. This represents a $4.68 annualized dividend and a yield of 2.8%. This is an increase from T-Mobile US’s previous quarterly dividend of $1.02. The ex-dividend date is Wednesday, November 25th. T-Mobile US’s dividend payout ratio is 45.17%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TMUS. Scotiabank upped their target price on T-Mobile US from $212.00 to $214.00 and gave the company a “sector outperform” rating in a report on Thursday, October 29th. Royal Bank Of Canada cut their price objective on T-Mobile US from $240.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday, July 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of T-Mobile US in a research note on Friday, September 11th. JPMorgan Chase & Co. decreased their target price on shares of T-Mobile US from $260.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Finally, Barclays dropped their target price on shares of T-Mobile US from $215.00 to $200.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus price target of $235.13.

About T-Mobile US

T-Mobile US, Inc. is a wireless communications provider serving consumers, businesses and government customers in the United States. Its services include wireless voice, messaging and data, as well as broadband internet delivered over its wireless network. The company offers service under the T-Mobile and Metro by T-Mobile brands. Its products and services include mobile plans, smartphones and other connected devices, home internet, and solutions for business customers. T-Mobile traces its roots to VoiceStream Wireless, which Deutsche Telekom acquired in 2001.