State of Alaska Department of Revenue Has $18.10 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

State of Alaska Department of Revenue cut its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 29.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 87,734 shares of the Wireless communications provider's stock after selling 35,985 shares during the period. State of Alaska Department of Revenue's holdings in T-Mobile US were worth $18,104,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in T-Mobile US by 3.8% during the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider's stock worth $7,351,811,000 after buying an additional 1,667,778 shares in the last quarter. Clearbridge Investments LLC grew its position in T-Mobile US by 18.8% during the first quarter. Clearbridge Investments LLC now owns 3,652,486 shares of the Wireless communications provider's stock worth $596,159,000 after buying an additional 578,348 shares in the last quarter. Legal & General Group Plc grew its position in T-Mobile US by 6.8% during the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock worth $837,032,000 after buying an additional 303,582 shares in the last quarter. Blackstone Inc. acquired a new stake in T-Mobile US during the first quarter worth about $48,966,000. Finally, ProShare Advisors LLC grew its position in T-Mobile US by 26.8% during the first quarter. ProShare Advisors LLC now owns 1,233,867 shares of the Wireless communications provider's stock worth $201,392,000 after buying an additional 260,795 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Trading Down 3.1 %

TMUS stock traded down $7.20 during trading on Friday, hitting $226.36. The company had a trading volume of 6,478,408 shares, compared to its average volume of 4,511,788. The company has a quick ratio of 0.78, a current ratio of 0.84 and a debt-to-equity ratio of 1.22. The firm has a 50-day moving average price of $206.12 and a 200-day moving average price of $185.58. T-Mobile US, Inc. has a 12 month low of $138.42 and a 12 month high of $234.56. The stock has a market cap 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 - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $20.16 billion during the quarter, compared to analysts' expectations of $20.01 billion. During the same quarter in the previous year, the company posted $1.82 EPS. T-Mobile US's revenue was up 4.7% on a year-over-year basis. As a group, analysts predict that T-Mobile US, Inc. will post 9.22 earnings per share for the current year.

T-Mobile US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.88 per share. This is a boost from T-Mobile US's previous quarterly dividend of $0.65. The ex-dividend date is Wednesday, November 27th. This represents a $3.52 annualized dividend and a dividend yield of 1.56%. T-Mobile US's payout ratio is presently 32.58%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Jon Freier sold 10,000 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total transaction of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at approximately $29,577,154.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jon Freier sold 10,000 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $181.87, for a total value of $1,818,700.00. Following the completion of the sale, the insider now owns 162,628 shares in the company, valued at $29,577,154.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Deeanne King sold 15,437 shares of the company's stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $190.00, for a total transaction of $2,933,030.00. Following the completion of the sale, the executive vice president now owns 35,588 shares of the company's stock, valued at approximately $6,761,720. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 349,261 shares of company stock worth $69,411,130. Insiders own 0.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TMUS shares. TD Cowen lifted their price objective on T-Mobile US from $216.00 to $250.00 and gave the company a "buy" rating in a report on Thursday. KeyCorp lifted their price objective on T-Mobile US from $230.00 to $252.00 and gave the company an "overweight" rating in a report on Thursday. Citigroup lifted their price objective on T-Mobile US from $210.00 to $254.00 and gave the company a "buy" rating in a report on Monday, October 21st. Benchmark lifted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday. Finally, Bank of America lifted their price objective on T-Mobile US from $220.00 to $240.00 and gave the company a "buy" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $240.17.

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.