Narwhal Capital Management Buys 1,769 Shares of T-Mobile US, Inc. $TMUS

Narwhal Capital Management grew its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 109.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,384 shares of the Wireless communications provider’s stock after purchasing an additional 1,769 shares during the period. Narwhal Capital Management’s holdings in T-Mobile US were worth $806,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Hohimer Wealth Management LLC grew its stake in T-Mobile US by 2.3% during the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after buying an additional 41 shares during the last quarter. Journey Strategic Wealth LLC grew its stake in T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock worth $273,000 after buying an additional 41 shares during the last quarter. Angeles Wealth Management LLC grew its stake in T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after buying an additional 41 shares during the last quarter. City Holding Co. grew its stake in T-Mobile US by 45.3% during the 1st quarter. City Holding Co. now owns 138 shares of the Wireless communications provider’s stock worth $37,000 after buying an additional 43 shares during the last quarter. Finally, Bank of Stockton grew its stake in T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Bank of America assumed coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 target price on the stock. Royal Bank Of Canada boosted their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft boosted their target price on T-Mobile US from $280.00 to $300.00 in a research note on Thursday, October 2nd. Arete Research raised T-Mobile US to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, Moffett Nathanson lifted their price target on T-Mobile US from $210.00 to $230.00 and gave the stock a “neutral” rating in a research report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $264.29.

Insiders Place Their Bets

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company’s stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total value of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares of the company’s stock, valued at approximately $150,470,379,589.32. This represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 2,504,415 shares of company stock valued at $604,166,102. Corporate insiders own 0.37% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $226.58 on Thursday. The stock has a market cap of $255.00 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 1.46 and a beta of 0.59. The business has a 50-day simple moving average of $243.77 and a 200-day simple moving average of $243.46. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion during the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.49 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 10.37 EPS for the current year.

T-Mobile US Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.88. T-Mobile US’s payout ratio is currently 33.21%.

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.