Envestnet Portfolio Solutions Inc. Increases Holdings in T-Mobile US, Inc. $TMUS

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in T-Mobile US by 49.0% during the second quarter, now owning 30,421 shares worth approximately $7.2 million.
• T-Mobile US reported a quarterly earnings per share (EPS) of $2.84, exceeding estimates of $2.69, and has a dividend increase with a new quarterly payout of $1.02.
• Several hedge funds have significantly increased their stakes in T-Mobile US, with Activest Wealth Management boosting its holdings by an astonishing 9,400% in the first quarter.

Envestnet Portfolio Solutions Inc. boosted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 49.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,421 shares of the Wireless communications provider's stock after purchasing an additional 9,999 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in T-Mobile US were worth $7,248,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Activest Wealth Management increased its holdings in T-Mobile US by 9,400.0% during the 1st quarter. Activest Wealth Management now owns 95 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 94 shares during the period. Stone House Investment Management LLC purchased a new position in T-Mobile US during the 1st quarter valued at about $29,000. TCTC Holdings LLC increased its holdings in T-Mobile US by 208.1% during the 1st quarter. TCTC Holdings LLC now owns 114 shares of the Wireless communications provider's stock valued at $30,000 after purchasing an additional 77 shares during the period. Missouri Trust & Investment Co increased its holdings in T-Mobile US by 807.7% during 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 period. Finally, N.E.W. Advisory Services LLC purchased a new position in T-Mobile US during the 1st quarter valued at about $47,000. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

Shares of TMUS opened at $229.42 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. The business's 50 day moving average price is $242.85 and its 200-day moving average price is $242.34. T-Mobile US, Inc. has a 52 week low of $208.39 and a 52 week high of $276.49. The stock has a market cap of $258.19 billion, a P/E ratio of 21.64, a P/E/G ratio of 1.54 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analysts' expectations of $20.99 billion. During the same period in the previous year, the firm posted $2.49 EPS. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. Equities research analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Wednesday, November 26th will be given a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, November 26th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from T-Mobile US's previous quarterly dividend of $0.88. T-Mobile US's payout ratio is presently 33.21%.

Insider Activity at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the business's stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $226.15, for a total value of $14,569,939.90. Following the sale, the director directly owned 627,846,473 shares of the company's stock, valued at $141,987,479,868.95. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 2,418,333 shares of company stock valued at $584,293,759. Insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

TMUS has been the topic of a number of research analyst reports. Rothschild Redb upgraded T-Mobile US to a "hold" rating in a report on Tuesday, September 30th. Scotiabank lifted their price objective on T-Mobile US from $271.50 to $278.00 and gave the company a "sector outperform" rating in a research report on Monday, October 6th. The Goldman Sachs Group initiated coverage on T-Mobile US in a research report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of T-Mobile US in a research report on Wednesday, October 8th. Finally, Moffett Nathanson lifted their price objective on T-Mobile US from $210.00 to $230.00 and gave the company a "neutral" rating in a research report on Thursday, October 2nd. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $265.13.

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.

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