Paralel Advisors LLC Makes New Investment in T-Mobile US, Inc. $TMUS

Paralel Advisors LLC bought a new stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the 2nd quarter, Holdings Channel reports. The firm bought 11,003 shares of the Wireless communications provider’s stock, valued at approximately $1,846,000.

A number of other hedge funds have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of T-Mobile US in the second quarter worth approximately $6,625,275,000. Norges Bank bought a new stake in shares of T-Mobile US during the 4th quarter worth approximately $1,335,918,000. Price T Rowe Associates Inc. MD boosted its holdings in T-Mobile US by 30.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 27,795,065 shares of the Wireless communications provider’s stock valued at $5,643,511,000 after acquiring an additional 6,516,968 shares during the period. Bank of New York Mellon Corp purchased a new position in T-Mobile US during the 2nd quarter valued at $839,194,000. Finally, Dodge & Cox grew its position in T-Mobile US by 65.2% in the 4th quarter. Dodge & Cox now owns 6,185,972 shares of the Wireless communications provider’s stock valued at $1,256,000,000 after acquiring an additional 2,442,450 shares during the last quarter. Institutional investors own 42.49% of the company’s stock.

T-Mobile US Trading Down 0.6%

TMUS opened at $181.22 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.92 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average is $181.54 and its two-hundred day moving average is $194.06. The company has a market capitalization of $194.39 billion, a P/E ratio of 18.98, a PEG ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a 52 week low of $165.66 and a 52 week high of $261.25.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.40. T-Mobile US had a return on equity of 20.16% and a net margin of 11.45%.The business had revenue of $22.79 billion during the quarter, compared to analysts’ expectations of $22.95 billion. During the same period in the prior year, the business earned $2.84 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. Analysts forecast that T-Mobile US, Inc. will post 10.73 earnings per share for the current year.

T-Mobile US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 28th. T-Mobile US’s payout ratio is presently 42.72%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays reduced their target price on T-Mobile US from $230.00 to $215.00 and set an “overweight” rating on the stock in a research note on Friday, July 24th. Bank of America raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $220.00 target price for the company in a research note on Monday, July 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of T-Mobile US from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Scotiabank reduced their price target on shares of T-Mobile US from $263.00 to $243.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, July 15th. Finally, Arete Research lifted their price objective on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $252.08.

T-Mobile US Company Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.