Narwhal Capital Management Lowers Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Narwhal Capital Management lessened its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 55.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,615 shares of the Wireless communications provider's stock after selling 2,041 shares during the quarter. Narwhal Capital Management's holdings in T-Mobile US were worth $431,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in TMUS. Oppenheimer & Co. Inc. raised its stake in shares of T-Mobile US by 37.8% during the first quarter. Oppenheimer & Co. Inc. now owns 74,814 shares of the Wireless communications provider's stock valued at $19,954,000 after acquiring an additional 20,513 shares in the last quarter. Continuum Advisory LLC raised its holdings in shares of T-Mobile US by 4.4% in the 1st quarter. Continuum Advisory LLC now owns 6,336 shares of the Wireless communications provider's stock valued at $1,690,000 after purchasing an additional 267 shares in the last quarter. Consolidated Planning Corp purchased a new stake in shares of T-Mobile US in the 1st quarter worth approximately $3,983,000. Sawgrass Asset Management LLC bought a new position in shares of T-Mobile US during the first quarter valued at approximately $6,543,000. Finally, Moser Wealth Advisors LLC increased its holdings in T-Mobile US by 9.0% during the first quarter. Moser Wealth Advisors LLC now owns 905 shares of the Wireless communications provider's stock valued at $241,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TMUS shares. JPMorgan Chase & Co. upped their target price on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a report on Tuesday, March 18th. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Tigress Financial lifted their target price on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Benchmark reissued a "buy" rating and set a $275.00 price target on shares of T-Mobile US in a research report on Thursday, March 27th. Finally, HSBC downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 price objective on the stock. in a research report on Wednesday, March 5th. Eleven analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus target price of $257.68.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS traded up $1.08 during midday trading on Wednesday, reaching $230.90. 5,273,126 shares of the company's stock traded hands, compared to its average volume of 4,086,454. The company has a market cap of $262.17 billion, a P/E ratio of 22.53, a PEG ratio of 1.25 and a beta of 0.64. The company has a fifty day simple moving average of $241.72 and a two-hundred day simple moving average of $242.86. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 EPS for the quarter, beating analysts' consensus estimates of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to analysts' expectations of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business's revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.00 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

Insider Activity

In other news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $228.75, for a total transaction of $15,975,900.00. Following the transaction, the director now owns 588,413,779 shares in the company, valued at $134,599,651,946.25. The trade was a 0.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 279,360 shares of company stock worth $63,022,219 over the last three months. Insiders own 0.37% of the company's stock.

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.