State of Alaska Department of Revenue Reduces Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

State of Alaska Department of Revenue cut its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 29.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,734 shares of the Wireless communications provider’s stock after selling 35,985 shares during the quarter. State of Alaska Department of Revenue’s holdings in T-Mobile US were worth $18,104,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. DT Investment Partners LLC lifted its position in T-Mobile US by 65.3% during the third quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock valued at $25,000 after purchasing an additional 47 shares during the period. MFA Wealth Advisors LLC raised its stake in shares of T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. WASHINGTON TRUST Co lifted its holdings 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 buying an additional 83 shares during the period. Y.D. More Investments Ltd purchased a new stake in shares of T-Mobile US in the second quarter worth about $27,000. Finally, Summit Securities Group LLC acquired a new stake in T-Mobile US during the second quarter worth about $27,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $194.57, for a total value of $3,891,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,124 shares in the company, valued at $81,354,386.68. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other T-Mobile US news, CEO G Michael Sievert sold 20,000 shares of T-Mobile US 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 transaction, the chief executive officer now directly owns 418,124 shares of the company’s stock, valued at $81,354,386.68. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Wolfe Nelson sold 42,769 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $216.26, for a total transaction of $9,249,223.94. Following the completion of the sale, the executive vice president now directly owns 61,871 shares of the company’s stock, valued at approximately $13,380,222.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 349,261 shares of company stock worth $69,411,130. 0.67% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have commented on TMUS. UBS Group upped their price objective on T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday. Evercore ISI raised their price target on shares of T-Mobile US from $220.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of T-Mobile US from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Scotiabank raised their target price on T-Mobile US from $236.00 to $237.00 and gave the company a “sector perform” rating in a research report on Thursday. Finally, TD Cowen upped their price target on T-Mobile US from $216.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.17.

T-Mobile US Stock Down 3.1 %

Shares of TMUS opened at $226.36 on Friday. The stock has a 50 day moving average price of $206.12 and a 200 day moving average price of $185.40. T-Mobile US, Inc. has a one year low of $138.42 and a one year high of $234.56. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.78 and a current ratio of 0.84. The stock has a market capitalization of $264.11 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.15 and a beta of 0.51.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.29. T-Mobile US had a net margin of 11.95% and a return on equity of 14.88%. The business had revenue of $20.16 billion during the quarter, compared to analysts’ expectations of $20.01 billion. During the same period in the prior year, the business earned $1.82 earnings per share. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities research analysts forecast that T-Mobile US, Inc. will post 9.22 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Wednesday, November 27th will be issued a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Wednesday, November 27th. This is a boost from T-Mobile US’s previous quarterly dividend of $0.65. T-Mobile US’s dividend payout ratio (DPR) is currently 32.58%.

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.