3,033 T-Mobile US, Inc. $TMUS Shares Sold by Narwhal Capital Management

Narwhal Capital Management cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 58.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Main Street Group LTD acquired a new stake in T-Mobile US in the first quarter valued at approximately $25,000. Paladin Partners LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its position in shares of T-Mobile US by 112.2% in the 1st quarter. Cornerstone Planning Group LLC now owns 174 shares of the Wireless communications provider’s stock valued at $34,000 after purchasing an additional 92 shares during the last quarter. Finally, Highland Investment Advisors LLC acquired a new stake in shares of T-Mobile US in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, CAO Daniel James Drobac sold 772 shares of T-Mobile US stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the sale, the chief accounting officer owned 35,118 shares of the company’s stock, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on TMUS. KeyCorp decreased their price objective on shares of T-Mobile US from $250.00 to $240.00 and set an “overweight” rating for the company in a research report on Thursday, October 29th. Scotiabank boosted their target price on shares of T-Mobile US from $212.00 to $214.00 and gave the stock a “sector outperform” rating in a research note on Thursday, October 29th. Royal Bank Of Canada dropped their target price 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. The Goldman Sachs Group cut their price target on T-Mobile US from $230.00 to $211.00 and set a “buy” rating on the stock in a research note on Friday, September 25th. Finally, UBS Group decreased their price target on T-Mobile US from $255.00 to $235.00 and set a “buy” rating for the company in a report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, T-Mobile US presently has a consensus rating of “Moderate Buy” and an average price target of $235.13.

T-Mobile US Stock Up 0.2%

TMUS opened at $169.08 on Wednesday. T-Mobile US, Inc. has a 12 month low of $143.75 and a 12 month high of $224.75. The business has a 50-day moving average of $164.48 and a two-hundred day moving average of $186.03. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.91 and a quick ratio of 0.78. The stock has a market capitalization of $179.10 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 0.97 and a beta of 0.40.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 28th. The Wireless communications provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.89 by $0.33. T-Mobile US had a net margin of 12.05% and a return on equity of 21.47%. The business had revenue of $23.58 billion for the quarter, compared to analyst estimates of $23.15 billion. During the same quarter in the prior year, the business posted $2.41 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, research analysts expect that T-Mobile US, Inc. will post 11.50 earnings per share for the current year.

T-Mobile US Increases Dividend

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

T-Mobile US Company Profile

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.