Pallas Capital Advisors LLC Invests $205,000 in T-Mobile US, Inc. (NASDAQ:TMUS)

Pallas Capital Advisors LLC purchased a new position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) in the third quarter, Holdings Channel.com reports. The firm purchased 992 shares of the Wireless communications provider’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. DT Investment Partners LLC raised its stake in shares of T-Mobile US by 65.3% in the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 47 shares in the last quarter. MFA Wealth Advisors LLC raised its stake in shares of T-Mobile US by 128.3% in the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. WASHINGTON TRUST Co raised its stake in shares of T-Mobile US by 143.1% in the 2nd quarter. WASHINGTON TRUST Co now owns 141 shares of the Wireless communications provider’s stock valued at $25,000 after acquiring an additional 83 shares in the last quarter. Y.D. More Investments Ltd bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. Finally, Summit Securities Group LLC bought a new position in shares of T-Mobile US in the 2nd quarter valued at approximately $27,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Raul Marcelo Claure sold 1,572 shares of T-Mobile US stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $196.00, for a total value of $308,112.00. Following the completion of the transaction, the director now owns 1,824,632 shares in the company, valued at approximately $357,627,872. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $194.57, for a total transaction of $3,891,400.00. Following the sale, the chief executive officer now owns 418,124 shares of the company’s stock, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Raul Marcelo Claure sold 1,572 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $196.00, for a total transaction of $308,112.00. Following the completion of the sale, the director now owns 1,824,632 shares of the company’s stock, valued at $357,627,872. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 359,261 shares of company stock valued at $72,263,430. 0.67% of the stock is currently owned by insiders.

Analyst Ratings Changes

TMUS has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target on T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a research report on Tuesday, July 30th. Finally, Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $241.83.

T-Mobile US Price Performance

T-Mobile US stock opened at $223.28 on Friday. The business has a 50 day simple moving average of $208.90 and a 200 day simple moving average of $187.46. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99. The company has a market capitalization of $259.11 billion, a PE ratio of 25.46, a price-to-earnings-growth ratio of 1.14 and a beta of 0.51. T-Mobile US, Inc. has a one year low of $143.90 and a one year high of $234.56.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue was up 4.7% on a year-over-year basis. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.36 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 12th. Shareholders of record on Wednesday, November 27th will be given a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from T-Mobile US’s previous quarterly dividend of $0.65. This represents a $3.52 dividend on an annualized basis and a yield of 1.58%. T-Mobile US’s payout ratio is 40.14%.

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.