Envestnet Asset Management Inc. Sells 10,981 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Envestnet Asset Management Inc. decreased its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 1.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,062,819 shares of the Wireless communications provider's stock after selling 10,981 shares during the quarter. Envestnet Asset Management Inc. owned about 0.09% of T-Mobile US worth $283,464,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Proficio Capital Partners LLC boosted its position in shares of T-Mobile US by 42.5% during the fourth quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider's stock worth $635,000 after acquiring an additional 858 shares during the last quarter. Inceptionr LLC purchased a new stake in T-Mobile US during the fourth quarter valued at $296,000. Ashton Thomas Private Wealth LLC purchased a new stake in T-Mobile US during the fourth quarter valued at $803,000. HM Payson & Co. raised its stake in T-Mobile US by 413.1% during the fourth quarter. HM Payson & Co. now owns 1,293 shares of the Wireless communications provider's stock valued at $285,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Personal CFO Solutions LLC raised its stake in T-Mobile US by 40.3% during the fourth quarter. Personal CFO Solutions LLC now owns 1,583 shares of the Wireless communications provider's stock valued at $349,000 after purchasing an additional 455 shares in the last quarter. Institutional investors own 42.49% of the company's stock.

Insider Transactions at T-Mobile US

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $237.89, for a total transaction of $16,614,237.60. Following the transaction, the director directly owned 647,800,524 shares in the company, valued at $154,105,266,654.36. This represents a 0.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 628,560 shares of company stock worth $144,455,659. 0.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen downgraded shares of T-Mobile US from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. Rothschild & Co Redburn raised shares of T-Mobile US from a "sell" rating to a "neutral" rating and set a $228.00 price target on the stock in a research note on Monday. Redburn Atlantic raised shares of T-Mobile US from a "strong sell" rating to a "hold" rating and set a $228.00 target price on the stock in a research note on Monday. Royal Bank Of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the company a "sector perform" rating in a research note on Friday, March 21st. Finally, Bank of America began coverage on shares of T-Mobile US in a research note on Monday. They issued a "neutral" rating and a $255.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $254.98.

T-Mobile US Stock Down 0.7%

T-Mobile US stock traded down $1.66 during midday trading on Tuesday, hitting $235.97. 3,020,830 shares of the company's stock were exchanged, compared to its average volume of 4,090,432. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.08 and a current ratio of 1.16. T-Mobile US, Inc. has a 12 month low of $173.74 and a 12 month high of $276.49. The firm has a 50-day moving average of $238.65 and a two-hundred day moving average of $243.59. The company has a market cap of $267.93 billion, a PE ratio of 23.02, a P/E/G ratio of 1.32 and a beta of 0.62.

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

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Friday, August 29th. T-Mobile US's payout ratio is 34.34%.

T-Mobile US Company 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.