Envestnet Asset Management Inc. Boosts Holdings in T-Mobile US, Inc. $TMUS

Envestnet Asset Management Inc. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,071,046 shares of the Wireless communications provider’s stock after buying an additional 8,227 shares during the period. Envestnet Asset Management Inc.’s holdings in T-Mobile US were worth $255,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Hohimer Wealth Management LLC raised its position in T-Mobile US by 2.3% in the first quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider’s stock worth $480,000 after acquiring an additional 41 shares in the last quarter. Journey Strategic Wealth LLC raised its position in T-Mobile US by 4.2% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider’s stock valued at $273,000 after buying an additional 41 shares during the last quarter. Angeles Wealth Management LLC boosted its stake in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider’s stock worth $888,000 after acquiring an additional 41 shares during the period. Weaver Capital Management LLC raised its holdings in T-Mobile US by 0.6% in the 2nd quarter. Weaver Capital Management LLC now owns 6,737 shares of the Wireless communications provider’s stock valued at $1,605,000 after acquiring an additional 42 shares in the last quarter. Finally, Bank of Stockton raised its holdings in shares of T-Mobile US by 1.2% during the 2nd quarter. Bank of Stockton now owns 3,802 shares of the Wireless communications provider’s stock worth $906,000 after buying an additional 44 shares in the last quarter. Institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 856 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $220.03, for a total transaction of $188,345.68. Following the completion of the sale, the director owned 582,185,182 shares in the company, valued at $128,098,205,595.46. The trade was a 0.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 2,343,114 shares of company stock worth $564,035,506 in the last three months. 0.37% of the stock is owned by insiders.

T-Mobile US Price Performance

Shares of TMUS opened at $220.68 on Tuesday. T-Mobile US, Inc. has a twelve month low of $208.39 and a twelve month high of $276.49. The firm’s fifty day simple moving average is $238.61 and its 200-day simple moving average is $240.28. The firm has a market capitalization of $248.36 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.48 and a beta of 0.59. The company has a current ratio of 0.89, a quick ratio of 0.80 and a debt-to-equity ratio of 1.37.

T-Mobile US (NASDAQ:TMUS) last issued its quarterly earnings data on Thursday, October 23rd. The Wireless communications provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.40 by $0.01. T-Mobile US had a net margin of 13.83% and a return on equity of 19.76%. The company had revenue of $21.96 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period last year, the firm posted $2.61 EPS. T-Mobile US’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors 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 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is currently 39.23%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TMUS shares. Benchmark upped their price target on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 10th. KeyCorp reissued an “underweight” rating and issued a $200.00 price target on shares of T-Mobile US in a research report on Wednesday, July 9th. Bank of America initiated coverage on shares of T-Mobile US in a report on Monday, July 7th. They issued a “neutral” rating and a $255.00 price objective for the company. Scotiabank increased their price target on T-Mobile US from $271.50 to $278.00 and gave the company a “sector outperform” rating in a report on Monday, October 6th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of T-Mobile US in a report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $268.22.

T-Mobile US 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.