Foundations Investment Advisors LLC Cuts Stock Holdings in T-Mobile US, Inc. $TMUS

Foundations Investment Advisors LLC lowered its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 46.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,384 shares of the Wireless communications provider’s stock after selling 4,642 shares during the quarter. Foundations Investment Advisors LLC’s holdings in T-Mobile US were worth $1,289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TMUS. Norges Bank purchased a new stake in T-Mobile US during the second quarter worth $1,477,780,000. Marshall Wace LLP raised its position in shares of T-Mobile US by 2,303.2% in the 2nd quarter. Marshall Wace LLP now owns 1,797,086 shares of the Wireless communications provider’s stock worth $428,174,000 after acquiring an additional 1,878,654 shares in the last quarter. Viking Global Investors LP lifted its stake in shares of T-Mobile US by 81.7% during the 2nd quarter. Viking Global Investors LP now owns 2,845,316 shares of the Wireless communications provider’s stock worth $677,925,000 after purchasing an additional 1,279,422 shares during the last quarter. State Street Corp boosted its position in T-Mobile US by 4.5% during the second quarter. State Street Corp now owns 23,141,316 shares of the Wireless communications provider’s stock valued at $5,513,650,000 after purchasing an additional 994,740 shares in the last quarter. Finally, Crake Asset Management LLP purchased a new position in T-Mobile US in the second quarter valued at about $160,945,000. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

Shares of TMUS opened at $197.21 on Friday. The firm has a market capitalization of $220.58 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 1.05 and a beta of 0.45. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.89 and a quick ratio of 0.80. T-Mobile US, Inc. has a 1-year low of $181.36 and a 1-year high of $276.49. The company’s fifty day moving average price is $197.76 and its 200-day moving average price is $221.02.

T-Mobile US Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Friday, February 27th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, February 27th. T-Mobile US’s payout ratio is presently 39.23%.

Insider Transactions at T-Mobile US

In related news, insider Michael J. Katz sold 2,500 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $215.91, for a total value of $539,775.00. Following the transaction, the insider owned 156,203 shares in the company, valued at approximately $33,725,789.73. This represents a 1.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Letitia A. Long sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $210.32, for a total transaction of $306,436.24. Following the transaction, the director directly owned 5,438 shares of the company’s stock, valued at $1,143,720.16. This represents a 21.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,457 shares of company stock valued at $11,149,636 over the last three months. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on TMUS. Barclays reissued a “buy” rating on shares of T-Mobile US in a research report on Tuesday, January 13th. Williams Trading set a $263.00 target price on shares of T-Mobile US in a research report on Friday, October 24th. Daiwa Capital Markets cut their price target on shares of T-Mobile US from $240.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, October 28th. KeyCorp upgraded T-Mobile US from an “underweight” rating to a “sector weight” rating in a report on Tuesday, December 2nd. Finally, Citigroup lowered their price objective on T-Mobile US from $268.00 to $220.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to MarketBeat, T-Mobile US presently has an average rating of “Moderate Buy” and an average target price of $255.58.

About T-Mobile US

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.