State of Alaska Department of Revenue Decreases Stake in T-Mobile US, Inc. $TMUS

State of Alaska Department of Revenue lowered its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,571 shares of the Wireless communications provider’s stock after selling 2,625 shares during the quarter. State of Alaska Department of Revenue’s holdings in T-Mobile US were worth $12,763,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of TMUS. Activest Wealth Management boosted its position in T-Mobile US by 9,400.0% in the first quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 94 shares during the last quarter. Godsey & Gibb Inc. raised its stake in shares of T-Mobile US by 139.5% during the 1st quarter. Godsey & Gibb Inc. now owns 103 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 60 shares during the period. Missouri Trust & Investment Co boosted its holdings in shares of T-Mobile US by 807.7% in the 2nd quarter. Missouri Trust & Investment Co now owns 118 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 105 shares during the last quarter. Stone House Investment Management LLC bought a new position in T-Mobile US during the first quarter valued at about $29,000. Finally, TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% during the first quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider’s stock worth $30,000 after buying an additional 77 shares during the last quarter. 42.49% of the stock is owned by institutional investors.

T-Mobile US Stock Performance

Shares of TMUS opened at $237.47 on Friday. T-Mobile US, Inc. has a 52-week low of $202.77 and a 52-week high of $276.49. The stock’s 50-day simple moving average is $244.96 and its 200 day simple moving average is $244.85. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.13 and a current ratio of 1.21. The stock has a market capitalization of $267.25 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 1.30 and a beta of 0.61.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. During the same period in the prior year, the business posted $2.49 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Research analysts forecast that T-Mobile US, Inc. will post 10.37 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 11th. Stockholders of record on Wednesday, November 26th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 annualized dividend and a dividend yield of 1.7%. T-Mobile US’s payout ratio is currently 38.49%.

Analyst Ratings Changes

TMUS has been the subject of a number of research reports. Bank of America started coverage on shares of T-Mobile US in a research report on Monday, July 7th. They set a “neutral” rating and a $255.00 target price for the company. Redburn Atlantic upgraded T-Mobile US from a “strong sell” rating to a “hold” rating and set a $228.00 price objective on the stock in a research note on Monday, July 7th. Royal Bank Of Canada raised their target price on T-Mobile US from $265.00 to $270.00 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Morgan Stanley upped their price target on T-Mobile US from $265.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Rothschild & Co Redburn raised T-Mobile US from a “sell” rating to a “neutral” rating and set a $228.00 price objective for the company in a report on Monday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and a consensus target price of $258.02.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $238.98, for a total transaction of $15,396,525.48. Following the completion of the sale, the director owned 634,305,918 shares of the company’s stock, valued at approximately $151,586,428,283.64. This trade represents a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 2,595,472 shares of company stock valued at $625,997,723 in the last quarter. Company insiders own 0.37% of the company’s stock.

T-Mobile US 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.