T-Mobile US, Inc. (NASDAQ:TMUS) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 12.8% during the first quarter, HoldingsChannel.com reports. The fund owned 117,349 shares of the Wireless communications provider’s stock after selling 17,200 shares during the period. State of Alaska Department of Revenue’s holdings in T-Mobile US were worth $19,153,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Plimoth Trust Co. LLC lifted its position in shares of T-Mobile US by 93.4% in the first quarter. Plimoth Trust Co. LLC now owns 8,910 shares of the Wireless communications provider’s stock worth $1,454,000 after purchasing an additional 4,302 shares in the last quarter. MBM Wealth Consultants LLC boosted its stake in shares of T-Mobile US by 3.7% during the 1st quarter. MBM Wealth Consultants LLC now owns 6,190 shares of the Wireless communications provider’s stock valued at $1,010,000 after buying an additional 218 shares during the period. Nvest Financial LLC purchased a new position in shares of T-Mobile US during the 1st quarter valued at $205,000. State of Michigan Retirement System increased its stake in shares of T-Mobile US by 2.7% in the first quarter. State of Michigan Retirement System now owns 143,041 shares of the Wireless communications provider’s stock worth $23,347,000 after acquiring an additional 3,700 shares during the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of T-Mobile US by 18.0% in the first quarter. MV Capital Management Inc. now owns 851 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 130 shares during the last quarter. 42.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TMUS. Citigroup boosted their target price on T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research note on Monday, March 25th. Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Bank of America raised their price objective on shares of T-Mobile US from $175.00 to $195.00 and gave the company a “buy” rating in a research report on Monday, June 10th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research note on Monday. They issued a “buy” rating and a $200.00 target price for the company. Finally, TD Cowen dropped their price target on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Fifteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $190.79.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 170,903 shares of the company’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the transaction, the director now owns 680,306,713 shares of the company’s stock, valued at $108,815,058,744.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Michael J. Katz sold 3,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $177.59, for a total value of $532,770.00. Following the completion of the transaction, the insider now directly owns 122,687 shares of the company’s stock, valued at $21,787,984.33. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Telekom Ag Deutsche sold 170,903 shares of the business’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $159.95, for a total transaction of $27,335,934.85. Following the completion of the sale, the director now directly owns 680,306,713 shares in the company, valued at approximately $108,815,058,744.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,399,830 shares of company stock valued at $1,071,720,246. 0.67% of the stock is owned by company insiders.

T-Mobile US Stock Performance

T-Mobile US stock traded down $1.52 on Wednesday, reaching $178.46. 1,652,895 shares of the stock were exchanged, compared to its average volume of 4,858,582. The stock has a market cap of $209.13 billion, a PE ratio of 24.42, a PEG ratio of 0.69 and a beta of 0.51. The firm has a fifty day moving average price of $170.51 and a two-hundred day moving average price of $164.86. T-Mobile US, Inc. has a twelve month low of $131.47 and a twelve month high of $182.67. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings data on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The business had revenue of $19.59 billion during the quarter, compared to analysts’ expectations of $19.81 billion. T-Mobile US had a return on equity of 13.61% and a net margin of 11.15%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. Sell-side analysts anticipate that T-Mobile US, Inc. will post 9.01 EPS for the current year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.60 annualized dividend and a dividend yield of 1.46%. T-Mobile US’s payout ratio is 35.37%.

About T-Mobile US

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.