T-Mobile US, Inc. (NASDAQ:TMUS) Holdings Boosted by Narwhal Capital Management

Narwhal Capital Management lifted its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 96.1% in the 4th quarter, Holdings Channel reports. The fund owned 3,656 shares of the Wireless communications provider’s stock after buying an additional 1,792 shares during the period. Narwhal Capital Management’s holdings in T-Mobile US were worth $807,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of T-Mobile US by 1.5% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 3,330 shares of the Wireless communications provider’s stock worth $735,000 after purchasing an additional 50 shares in the last quarter. Park Edge Advisors LLC acquired a new position in T-Mobile US during the 4th quarter valued at about $699,000. Flagship Harbor Advisors LLC raised its position in shares of T-Mobile US by 8.6% during the 4th quarter. Flagship Harbor Advisors LLC now owns 3,943 shares of the Wireless communications provider’s stock worth $870,000 after buying an additional 311 shares in the last quarter. Stewardship Advisors LLC lifted its stake in shares of T-Mobile US by 11.2% in the 4th quarter. Stewardship Advisors LLC now owns 1,095 shares of the Wireless communications provider’s stock worth $242,000 after acquiring an additional 110 shares during the period. Finally, Tributary Capital Management LLC bought a new position in shares of T-Mobile US in the fourth quarter valued at approximately $221,000. Institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the transaction, the chief executive officer now owns 378,124 shares in the company, valued at $89,891,418.52. The trade was a 5.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the sale, the director now directly owns 5,021 shares of the company’s stock, valued at $1,241,140.99. This trade represents a 16.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 144,200 shares of company stock valued at $32,736,303 in the last 90 days. 0.67% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. KeyCorp downgraded T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 target price for the company. in a research report on Thursday, December 12th. Daiwa America raised T-Mobile US to a “hold” rating in a research note on Friday, October 25th. Benchmark boosted their price target on shares of T-Mobile US from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. The Goldman Sachs Group upped their price target on shares of T-Mobile US from $220.00 to $250.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Barclays lifted their price objective on shares of T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $245.74.

T-Mobile US Price Performance

Shares of NASDAQ:TMUS opened at $218.57 on Monday. The company’s fifty day moving average is $226.93 and its two-hundred day moving average is $211.85. The company has a market cap of $253.65 billion, a P/E ratio of 24.92, a price-to-earnings-growth ratio of 1.08 and a beta of 0.56. T-Mobile US, Inc. has a 12-month low of $158.84 and a 12-month high of $248.15. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23.

T-Mobile US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Friday, February 28th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.61%. The ex-dividend date is Friday, February 28th. T-Mobile US’s payout ratio is 40.14%.

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.