Paralel Advisors LLC Purchases Shares of 11,003 T-Mobile US, Inc. $TMUS

Key Points

• Paralel Advisors LLC initiated a T-Mobile US position by purchasing 11,003 shares valued at approximately $1.85 million. Institutional investors currently own 42.49% of the company.
• Analysts remain broadly bullish, with one Strong Buy, 21 Buy, and eight Hold ratings. Despite several price-target reductions, T-Mobile has a consensus target of $252.08 versus its recent price of $181.22.
• T-Mobile exceeded quarterly earnings expectations, reporting $2.99 in EPS versus $2.59 expected, while revenue rose 7.9% year over year to $22.79 billion. The company also declared a quarterly dividend of $1.02, equating to a 2.3% annualized yield.

Paralel Advisors LLC purchased a new position in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,003 shares of the Wireless communications provider's stock, valued at approximately $1,846,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD bought a new position in T-Mobile US in the 1st quarter worth $25,000. JDM Financial Group LLC lifted its position in shares of T-Mobile US by 114.0% in the fourth quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider's stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Swiss RE Ltd. bought a new position in shares of T-Mobile US in the fourth quarter worth about $29,000. Paladin Partners LLC bought a new position in shares of T-Mobile US in the second quarter worth about $25,000. Finally, Turning Point Benefit Group Inc. grew its position in shares of T-Mobile US by 3,825.0% during the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider's stock worth $32,000 after purchasing an additional 153 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on TMUS shares. UBS Group dropped their price target on T-Mobile US from $255.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, July 24th. KeyCorp dropped their target price on shares of T-Mobile US from $260.00 to $250.00 and set an "overweight" rating for the company in a research report on Friday, July 24th. Wells Fargo & Company cut their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. Royal Bank Of Canada decreased their price target on shares of T-Mobile US from $240.00 to $230.00 and set an "outperform" rating on the stock in a research note on Monday, July 20th. Finally, Morgan Stanley cut their price objective on T-Mobile US from $260.00 to $230.00 and set an "overweight" rating for the company in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $252.08.

T-Mobile US Stock Performance

T-Mobile US stock opened at $181.22 on Friday. The company's 50-day moving average price is $181.54 and its 200-day moving average price is $194.06. 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 company has a market cap of $194.39 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. T-Mobile US, Inc. has a twelve month low of $165.66 and a twelve month high of $261.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS 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 company had revenue of $22.79 billion during the quarter, compared to analyst estimates of $22.95 billion. During the same quarter last year, the business posted $2.84 earnings per share. The firm's revenue was up 7.9% on a year-over-year basis. On average, equities research analysts forecast that T-Mobile US, Inc. will post 10.73 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 dividend on an annualized basis and a yield of 2.3%. T-Mobile US's dividend payout ratio (DPR) is currently 42.72%.

About T-Mobile US

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.

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