State of Alaska Department of Revenue Has $12.76 Million Position in T-Mobile US, Inc. $TMUS

Key Points

• The State of Alaska Department of Revenue decreased its stake in T-Mobile US, Inc. by 4.7% in the 2nd quarter, resulting in holdings worth approximately $12.76 million.
• T-Mobile US reported earnings of $2.84 per share for the last quarter, surpassing analyst expectations, and its revenue grew by 6.9% year-over-year.
• The company announced a quarterly dividend increase to $1.02, a boost from the previous $0.88, with a projected annualized yield of 1.7%.

State of Alaska Department of Revenue decreased its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 53,571 shares of the Wireless communications provider's stock after selling 2,625 shares during the period. 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 and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TMUS. Activest Wealth Management boosted its holdings 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 valued at $25,000 after acquiring an additional 94 shares during the last quarter. Godsey & Gibb Inc. lifted its position in shares of T-Mobile US by 139.5% in 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 stake 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 valued at $28,000 after purchasing an additional 105 shares during the last quarter. Stone House Investment Management LLC acquired a new stake in shares of T-Mobile US during the first quarter worth $29,000. Finally, TCTC Holdings LLC raised its stake 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 currently owned by institutional investors.

Insider Activity

In related news, Director Telekom Ag Deutsche sold 69,840 shares of the company's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $238.08, for a total transaction of $16,627,507.20. Following the completion of the sale, the director owned 647,660,844 shares in the company, valued at approximately $154,195,093,739.52. This represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 2,595,472 shares of company stock worth $625,997,723 over the last 90 days. 0.37% of the stock is owned by insiders.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $237.47 on Friday. The company has a market cap of $267.25 billion, a P/E ratio of 22.40, a PEG ratio of 1.30 and a beta of 0.61. The company has a fifty day simple moving average of $244.96 and a 200 day simple moving average of $244.85. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $202.77 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. T-Mobile US had a net margin of 14.53% and a return on equity of 19.68%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $2.49 earnings per share. Sell-side analysts predict that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently announced 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. This is a boost from T-Mobile US's previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 26th. T-Mobile US's dividend payout ratio is 38.49%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TMUS shares. Bank of America started coverage on T-Mobile US in a report on Monday, July 7th. They set a "neutral" rating and a $255.00 price target for the company. JPMorgan Chase & Co. lifted their target price on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Morgan Stanley boosted their price target on T-Mobile US from $265.00 to $285.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. The Goldman Sachs Group started coverage on shares of T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective for the company. Finally, Arete Research upgraded shares of T-Mobile US to a "strong-buy" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $258.02.

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.

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