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

Narwhal Capital Management raised its position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 109.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,384 shares of the Wireless communications provider's stock after acquiring an additional 1,769 shares during the quarter. Narwhal Capital Management's holdings in T-Mobile US were worth $806,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Activest Wealth Management increased its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 94 shares in the last quarter. Missouri Trust & Investment Co increased its position in T-Mobile US by 807.7% in the second quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider's stock worth $28,000 after buying an additional 105 shares in the last quarter. Stone House Investment Management LLC purchased a new stake in T-Mobile US in the first quarter worth about $29,000. TCTC Holdings LLC increased its position in T-Mobile US by 208.1% in the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock worth $30,000 after buying an additional 77 shares in the last quarter. Finally, City Holding Co. increased its position in T-Mobile US by 45.3% in the first quarter. City Holding Co. now owns 138 shares of the Wireless communications provider's stock worth $37,000 after buying an additional 43 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on TMUS. Bank of America began coverage on T-Mobile US in a research report on Monday, July 7th. They issued a "neutral" rating and a $255.00 price target for the company. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a research report on Tuesday, July 8th. Raymond James Financial upgraded T-Mobile US to a "hold" rating in a research report on Wednesday, October 1st. Moffett Nathanson increased their target price 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. Finally, Rothschild Redb upgraded T-Mobile US to a "hold" rating in a research report on Tuesday, September 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $264.29.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $232.63, for a total transaction of $16,246,879.20. Following the completion of the transaction, the director owned 646,822,764 shares in the company, valued at $150,470,379,589.32. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 2,504,415 shares of company stock worth $604,166,102. Company insiders own 0.37% of the company's stock.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $226.58 on Thursday. The stock has a market capitalization of $255.00 billion, a PE ratio of 21.38, a P/E/G ratio of 1.46 and a beta of 0.59. The business has a 50 day simple moving average of $243.77 and a two-hundred day simple moving average of $243.46. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13. T-Mobile US, Inc. has a 1-year low of $208.39 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share 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 firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.49 EPS. On average, research analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. The ex-dividend date is Wednesday, November 26th. This represents a $4.08 annualized dividend and a yield of 1.8%. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's dividend payout ratio (DPR) is 33.21%.

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.

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