State of Alaska Department of Revenue Sells 32,163 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

State of Alaska Department of Revenue reduced its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 36.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 55,571 shares of the Wireless communications provider’s stock after selling 32,163 shares during the quarter. State of Alaska Department of Revenue’s holdings in T-Mobile US were worth $12,266,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of TMUS. Mather Group LLC. grew its stake in shares of T-Mobile US by 6.6% during the third quarter. Mather Group LLC. now owns 4,568 shares of the Wireless communications provider’s stock valued at $943,000 after buying an additional 282 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of T-Mobile US by 4.7% during the third quarter. Dynamic Advisor Solutions LLC now owns 4,451 shares of the Wireless communications provider’s stock worth $918,000 after purchasing an additional 199 shares during the period. Atomi Financial Group Inc. boosted its holdings in shares of T-Mobile US by 32.9% during the third quarter. Atomi Financial Group Inc. now owns 4,870 shares of the Wireless communications provider’s stock worth $1,005,000 after purchasing an additional 1,206 shares during the period. Brookstone Capital Management purchased a new stake in shares of T-Mobile US during the third quarter worth about $230,000. Finally, True North Advisors LLC purchased a new stake in shares of T-Mobile US during the third quarter worth about $222,000. 42.49% of the stock is owned by institutional investors.

T-Mobile US Trading Up 2.0 %

NASDAQ:TMUS opened at $247.17 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $248.15. The company has a market cap of $282.21 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56. The company has a 50 day simple moving average of $225.95 and a two-hundred day simple moving average of $214.72.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Research analysts forecast that T-Mobile US, Inc. will post 10.18 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.42%. T-Mobile US’s payout ratio is 36.40%.

Insider Activity

In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The shares were sold at an average price of $231.08, for a total transaction of $254,188.00. Following the transaction, the director now owns 5,653 shares in the company, valued at approximately $1,306,295.24. The trade was a 16.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Srikant M. Datar sold 1,000 shares of T-Mobile US stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $247.19, for a total transaction of $247,190.00. Following the transaction, the director now owns 5,021 shares in the company, valued at approximately $1,241,140.99. This trade represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,100 shares of company stock valued at $5,501,978 in the last 90 days. Company insiders own 0.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group increased their target price on shares of T-Mobile US from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their price objective on shares of T-Mobile US from $240.00 to $245.00 and gave the stock a “sector perform” rating in a report on Thursday, January 30th. Sanford C. Bernstein assumed coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. KeyCorp lowered shares of T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective for the company. in a report on Thursday, December 12th. Finally, Tigress Financial raised their price objective on shares of T-Mobile US from $280.00 to $290.00 and gave the stock a “buy” rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $251.79.

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.