Franklin Resources Inc. Lowers Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Franklin Resources Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,220,990 shares of the Wireless communications provider's stock after selling 332,713 shares during the quarter. Franklin Resources Inc. owned 0.54% of T-Mobile US worth $1,373,159,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in TMUS. B. Metzler seel. Sohn & Co. AG increased its stake in shares of T-Mobile US by 13.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 31,499 shares of the Wireless communications provider's stock worth $6,953,000 after purchasing an additional 3,772 shares in the last quarter. Seven Mile Advisory bought a new stake in T-Mobile US during the fourth quarter valued at about $219,000. Summit Financial LLC increased its position in T-Mobile US by 7.1% in the fourth quarter. Summit Financial LLC now owns 3,585 shares of the Wireless communications provider's stock worth $791,000 after buying an additional 238 shares in the last quarter. AIA Group Ltd bought a new position in shares of T-Mobile US in the fourth quarter worth about $343,000. Finally, Hazlett Burt & Watson Inc. lifted its position in shares of T-Mobile US by 7.9% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 1,506 shares of the Wireless communications provider's stock valued at $335,000 after buying an additional 110 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

Insider Transactions at T-Mobile US

In other news, Director Srikant M. Datar sold 730 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total transaction of $191,990.00. Following the transaction, the director now directly owns 3,291 shares of the company's stock, valued at approximately $865,533. This trade represents a 18.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.67% of the company's stock.

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Analyst Ratings Changes

Several research firms recently issued reports on TMUS. Royal Bank of Canada increased their target price on shares of T-Mobile US from $245.00 to $260.00 and gave the stock a "sector perform" rating in a report on Friday, March 21st. Oppenheimer increased their price objective on shares of T-Mobile US from $250.00 to $275.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Morgan Stanley started coverage on shares of T-Mobile US in a research note on Monday, December 16th. They set an "overweight" rating and a $280.00 target price on the stock. Citigroup lowered T-Mobile US from a "buy" rating to a "neutral" rating and set a $268.00 price target for the company. in a research note on Friday, March 14th. Finally, KeyCorp downgraded T-Mobile US from an "overweight" rating to a "sector weight" rating and set a $252.00 price objective on the stock. in a research report on Thursday, December 12th. Eleven analysts have rated the stock with a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, T-Mobile US presently has an average rating of "Moderate Buy" and a consensus price target of $256.80.

T-Mobile US Trading Down 5.3 %

Shares of TMUS stock traded down $14.16 during trading hours on Friday, reaching $253.73. 3,153,152 shares of the stock were exchanged, compared to its average volume of 4,169,108. The firm has a market capitalization of $289.69 billion, a price-to-earnings ratio of 26.25, a price-to-earnings-growth ratio of 1.55 and a beta of 0.63. T-Mobile US, Inc. has a 12-month low of $159.14 and a 12-month high of $276.49. The company's 50-day moving average price is $256.82 and its 200-day moving average price is $234.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. As a group, equities analysts anticipate that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be paid a $0.88 dividend. The ex-dividend date is Friday, May 30th. This represents a $3.52 dividend on an annualized basis and a yield of 1.39%. T-Mobile US's payout ratio is 36.40%.

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.