Alaska Permanent Fund Corp Sells 3,287 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Alaska Permanent Fund Corp reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 103,317 shares of the Wireless communications provider’s stock after selling 3,287 shares during the quarter. Alaska Permanent Fund Corp’s holdings in T-Mobile US were worth $16,565,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Morgan Stanley boosted its position in shares of T-Mobile US by 0.9% in the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider’s stock valued at $1,576,332,000 after acquiring an additional 104,490 shares during the period. Royal Bank of Canada raised its stake in shares of T-Mobile US by 7.1% during the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider’s stock valued at $1,471,269,000 after acquiring an additional 693,443 shares during the last quarter. Invesco Ltd. increased its position in shares of T-Mobile US by 0.6% during the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider’s stock valued at $1,074,920,000 after buying an additional 45,196 shares during the period. California Public Employees Retirement System increased its position in shares of T-Mobile US by 10.1% during the fourth quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider’s stock valued at $554,096,000 after buying an additional 316,617 shares during the period. Finally, Clearbridge Investments LLC increased its position in shares of T-Mobile US by 243.9% during the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after buying an additional 2,071,489 shares during the period. 42.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on TMUS shares. Morgan Stanley upped their price objective on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. KeyCorp decreased their price target on shares of T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a research report on Friday, January 26th. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Friday, January 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $184.00 price target on shares of T-Mobile US in a research report on Wednesday, March 20th. Finally, Tigress Financial increased their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, T-Mobile US presently has an average rating of “Buy” and a consensus target price of $185.93.

T-Mobile US Stock Down 0.1 %

Shares of TMUS traded down $0.22 during mid-day trading on Thursday, hitting $163.96. 386,153 shares of the company’s stock were exchanged, compared to its average volume of 4,453,702. The stock’s 50-day moving average is $162.39 and its 200-day moving average is $156.76. The company has a market cap of $194.60 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 0.66 and a beta of 0.49. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.83 and a current ratio of 0.91.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.23). The company had revenue of $20.48 billion for the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 EPS. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 8.95 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date is Friday, May 31st. This represents a $2.60 dividend on an annualized basis and a yield of 1.59%. T-Mobile US’s dividend payout ratio (DPR) is 37.52%.

Insider Activity at T-Mobile US

In other T-Mobile US news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total value of $1,072,985.65. Following the completion of the sale, the insider now owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now owns 102,555 shares of the company’s stock, valued at $17,274,364.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $161.23, for a total transaction of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The disclosure for this sale can be found here. Insiders have sold a total of 5,995,889 shares of company stock worth $972,451,611 in the last three months. Insiders own 0.70% of the company’s stock.

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.