Envestnet Portfolio Solutions Inc. Has $2.60 Million Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Envestnet Portfolio Solutions Inc. boosted its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,185 shares of the Wireless communications provider's stock after buying an additional 4,777 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in T-Mobile US were worth $2,595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Morgan Stanley increased its position in shares of T-Mobile US by 0.9% during the third quarter. Morgan Stanley now owns 11,255,490 shares of the Wireless communications provider's stock worth $1,576,332,000 after purchasing an additional 104,490 shares in the last quarter. Royal Bank of Canada raised its stake in T-Mobile US by 7.1% in the third quarter. Royal Bank of Canada now owns 10,505,308 shares of the Wireless communications provider's stock valued at $1,471,269,000 after buying an additional 693,443 shares during the last quarter. Invesco Ltd. boosted its holdings in T-Mobile US by 0.6% in the third quarter. Invesco Ltd. now owns 7,675,261 shares of the Wireless communications provider's stock worth $1,074,920,000 after acquiring an additional 45,196 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of T-Mobile US by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider's stock worth $682,699,000 after acquiring an additional 23,800 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of T-Mobile US by 10.1% in the 4th quarter. California Public Employees Retirement System now owns 3,455,969 shares of the Wireless communications provider's stock valued at $554,096,000 after purchasing an additional 316,617 shares during the last quarter. Institutional investors own 42.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Raymond James raised their price target on shares of T-Mobile US from $180.00 to $185.00 and gave the stock a "strong-buy" rating in a report on Friday, January 26th. Royal Bank of Canada boosted their price target on T-Mobile US from $184.00 to $188.00 and gave the company an "outperform" rating in a research note on Friday, April 26th. Oppenheimer restated an "outperform" rating and issued a $190.00 price objective on shares of T-Mobile US in a research note on Wednesday, April 3rd. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of T-Mobile US in a report on Friday, January 26th. Finally, Tigress Financial lifted their price objective on shares of T-Mobile US from $204.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, February 8th. Fourteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $186.33.

Insiders Place Their Bets

In related news, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $161.30, for a total value of $3,226,000.00. Following the completion of the sale, the chief financial officer now owns 84,041 shares of the company's stock, valued at $13,555,813.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Peter Osvaldik sold 20,000 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $161.30, for a total value of $3,226,000.00. Following the transaction, the chief financial officer now owns 84,041 shares of the company's stock, valued at approximately $13,555,813.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Telekom Ag Deutsche sold 194,910 shares of the business's stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $164.57, for a total transaction of $32,076,338.70. Following the completion of the sale, the director now directly owns 686,422,451 shares in the company, valued at $112,964,542,761.07. The disclosure for this sale can be found here. Insiders sold 6,670,580 shares of company stock valued at $1,085,516,139 in the last three months. 0.70% of the stock is currently owned by insiders.

T-Mobile US Price Performance

TMUS traded up $0.42 during midday trading on Friday, hitting $164.00. 2,904,662 shares of the company traded hands, compared to its average volume of 4,518,522. The business has a 50 day simple moving average of $162.45 and a two-hundred day simple moving average of $159.20. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The company has a market capitalization of $192.18 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 0.63 and a beta of 0.48. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.17. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. During the same period last year, the company posted $1.58 EPS. T-Mobile US's quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts forecast that T-Mobile US, Inc. will post 9.01 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a $0.65 dividend. This represents a $2.60 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, May 31st. T-Mobile US's payout ratio is currently 35.37%.

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.