Envestnet Asset Management Inc. Boosts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Envestnet Asset Management Inc. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,073,800 shares of the Wireless communications provider's stock after buying an additional 12,862 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of T-Mobile US worth $237,020,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. boosted its stake in shares of T-Mobile US by 2.5% in the third quarter. Principal Financial Group Inc. now owns 1,978,567 shares of the Wireless communications provider's stock worth $408,297,000 after buying an additional 47,350 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in T-Mobile US by 28.1% in the third quarter. IHT Wealth Management LLC now owns 2,812 shares of the Wireless communications provider's stock valued at $580,000 after acquiring an additional 616 shares during the period. Worldquant Millennium Advisors LLC purchased a new stake in T-Mobile US in the 3rd quarter worth approximately $5,571,000. EP Wealth Advisors LLC grew its stake in shares of T-Mobile US by 95.5% during the 3rd quarter. EP Wealth Advisors LLC now owns 11,549 shares of the Wireless communications provider's stock worth $2,383,000 after purchasing an additional 5,643 shares during the period. Finally, iSAM Funds UK Ltd purchased a new position in shares of T-Mobile US during the 3rd quarter valued at approximately $572,000. 42.49% of the stock is owned by hedge funds and other institutional investors.

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Insider Activity at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the sale, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. The trade was a 18.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is owned by insiders.

T-Mobile US Trading Up 1.0 %

Shares of T-Mobile US stock traded up $2.55 during mid-day trading on Friday, hitting $258.67. The stock had a trading volume of 3,987,274 shares, compared to its average volume of 4,240,056. The firm has a market cap of $295.34 billion, a P/E ratio of 26.75, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The firm has a 50-day moving average of $260.28 and a two-hundred day moving average of $237.28. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Investors of record on Friday, May 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US's payout ratio is 36.40%.

Wall Street Analyst Weigh In

TMUS has been the topic of several analyst reports. Wells Fargo & Company restated an "equal weight" rating on shares of T-Mobile US in a research report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on shares of T-Mobile US from $265.00 to $270.00 and gave the company an "overweight" rating in a research note on Tuesday, March 18th. HSBC cut shares of T-Mobile US from a "buy" rating to a "hold" rating and set a $270.00 target price for the company. in a research note on Wednesday, March 5th. Citigroup lowered shares of T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target on the stock. in a research note on Friday, March 14th. Finally, Oppenheimer boosted their price objective on T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Eleven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $256.80.

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.