Foundations Investment Advisors LLC Decreases Stake in T-Mobile US, Inc. (NASDAQ:TMUS)

Foundations Investment Advisors LLC lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,210 shares of the Wireless communications provider’s stock after selling 204 shares during the period. Foundations Investment Advisors LLC’s holdings in T-Mobile US were worth $359,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in TMUS. Clearbridge Investments LLC increased its stake in shares of T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock worth $409,040,000 after acquiring an additional 2,071,489 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock worth $350,983,000 after acquiring an additional 1,190,813 shares during the period. Third Point LLC acquired a new stake in shares of T-Mobile US in the third quarter worth $140,050,000. Royal Bank of Canada increased its stake in shares of 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 worth $1,471,269,000 after acquiring an additional 693,443 shares during the period. Finally, Principal Financial Group Inc. increased its stake in shares of T-Mobile US by 67.3% in the third quarter. Principal Financial Group Inc. now owns 1,614,036 shares of the Wireless communications provider’s stock worth $226,046,000 after acquiring an additional 649,178 shares during the period. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Transactions at T-Mobile US

In other news, Director Telekom Ag Deutsche sold 189,670 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $162.93, for a total value of $30,902,933.10. Following the transaction, the director now directly owns 675,641,331 shares of the company’s stock, valued at $110,082,242,059.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other T-Mobile US news, Director Telekom Ag Deutsche sold 189,670 shares of T-Mobile US stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $162.93, for a total transaction of $30,902,933.10. Following the transaction, the director now directly owns 675,641,331 shares of the company’s stock, valued at $110,082,242,059.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael J. Katz sold 3,000 shares of T-Mobile US stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $163.22, for a total transaction of $489,660.00. Following the transaction, the insider now directly owns 125,687 shares in the company, valued at $20,514,632.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,670,580 shares of company stock valued at $1,085,516,139. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on TMUS shares. Royal Bank of Canada raised their price target on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company raised their price target on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Monday, January 22nd. Citigroup raised their price target on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Oppenheimer restated an “outperform” rating and set a $190.00 price target on shares of T-Mobile US in a research report on Wednesday, April 3rd. Finally, Tigress Financial raised their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the company a “buy” rating in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $186.33.

Check Out Our Latest Research Report on TMUS

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $164.00 on Friday. The company’s 50-day moving average price is $162.45 and its 200-day moving average price is $159.47. The company has a current ratio of 0.94, a quick ratio of 0.86 and a debt-to-equity ratio of 1.25. The company has a market cap of $192.18 billion, a P/E ratio of 22.31, a P/E/G ratio of 0.64 and a beta of 0.48. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64.

T-Mobile US (NASDAQ:TMUSGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.17. The firm had revenue of $19.59 billion for the quarter, compared to the consensus estimate of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm posted $1.58 earnings per share. On average, sell-side analysts forecast that T-Mobile US, Inc. will post 9.02 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

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

About T-Mobile US

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding TMUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for T-Mobile US, Inc. (NASDAQ:TMUSFree Report).

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

Receive News & Ratings for T-Mobile US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for T-Mobile US and related companies with MarketBeat.com's FREE daily email newsletter.