Envestnet Portfolio Solutions Inc. Lowers Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Envestnet Portfolio Solutions Inc. lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 27.5% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 20,422 shares of the Wireless communications provider's stock after selling 7,759 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in T-Mobile US were worth $5,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TMUS. Norges Bank purchased a new position in shares of T-Mobile US in the fourth quarter valued at approximately $1,802,393,000. GAMMA Investing LLC lifted its holdings in T-Mobile US by 29,289.4% during the 1st quarter. GAMMA Investing LLC now owns 3,053,563 shares of the Wireless communications provider's stock worth $814,416,000 after buying an additional 3,043,173 shares in the last quarter. Canada Pension Plan Investment Board boosted its position in T-Mobile US by 85.5% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,025,096 shares of the Wireless communications provider's stock valued at $1,329,919,000 after buying an additional 2,777,657 shares during the period. Raymond James Financial Inc. purchased a new position in T-Mobile US in the 4th quarter valued at approximately $452,721,000. Finally, Capital International Investors grew its stake in shares of T-Mobile US by 36.2% in the fourth quarter. Capital International Investors now owns 6,525,744 shares of the Wireless communications provider's stock worth $1,440,424,000 after acquiring an additional 1,734,998 shares in the last quarter. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

TMUS traded up $0.53 on Friday, reaching $221.52. The company had a trading volume of 8,850,602 shares, compared to its average volume of 4,071,426. The company has a quick ratio of 1.08, a current ratio of 1.16 and a debt-to-equity ratio of 1.35. T-Mobile US, Inc. has a 1 year low of $173.74 and a 1 year high of $276.49. The stock has a market capitalization of $251.52 billion, a PE ratio of 21.61, a P/E/G ratio of 1.22 and a beta of 0.64. The stock has a 50-day moving average price of $243.17 and a 200-day moving average price of $243.07.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its earnings results on Thursday, April 24th. The Wireless communications provider reported $2.58 earnings per share for the quarter, beating the consensus estimate of $2.48 by $0.10. The business had revenue of $20.89 billion during the quarter, compared to the consensus estimate of $20.67 billion. T-Mobile US had a return on equity of 19.09% and a net margin of 14.41%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.00 EPS. As a group, research analysts forecast that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, August 29th. T-Mobile US's dividend payout ratio is currently 34.34%.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of T-Mobile US stock in a transaction on Monday, June 16th. The shares were sold at an average price of $230.16, for a total value of $16,074,374.40. Following the transaction, the director now directly owns 588,274,099 shares in the company, valued at approximately $135,397,166,625.84. The trade was a 0.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 279,360 shares of company stock worth $63,022,219. 0.37% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. UBS Group cut T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 21st. Tigress Financial increased their price target on T-Mobile US from $290.00 to $305.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $265.00 to $270.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 18th. Hsbc Global Res lowered shares of T-Mobile US from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 5th. Finally, Benchmark reaffirmed a "buy" rating and issued a $275.00 target price on shares of T-Mobile US in a report on Thursday, March 27th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, T-Mobile US presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.68.

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.