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

Franklin Resources Inc. increased its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,553,703 shares of the Wireless communications provider's stock after acquiring an additional 590,711 shares during the period. Franklin Resources Inc. owned about 0.56% of T-Mobile US worth $1,448,426,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in TMUS. FMR LLC lifted its stake in T-Mobile US by 13.4% during the third quarter. FMR LLC now owns 12,893,770 shares of the Wireless communications provider's stock worth $2,660,758,000 after purchasing an additional 1,522,394 shares during the last quarter. Barclays PLC lifted its position in shares of T-Mobile US by 38.3% during the 3rd quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider's stock worth $653,160,000 after buying an additional 876,182 shares during the last quarter. Wellington Management Group LLP boosted its stake in T-Mobile US by 4.0% in the third quarter. Wellington Management Group LLP now owns 15,524,529 shares of the Wireless communications provider's stock valued at $3,203,642,000 after buying an additional 602,786 shares in the last quarter. Legal & General Group Plc boosted its stake in T-Mobile US by 6.8% in the second quarter. Legal & General Group Plc now owns 4,751,007 shares of the Wireless communications provider's stock valued at $837,032,000 after buying an additional 303,582 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in T-Mobile US in the third quarter valued at about $53,844,000. Institutional investors and hedge funds own 42.49% of the company's stock.

T-Mobile US Trading Down 0.6 %

TMUS traded down $1.33 during trading on Friday, reaching $231.94. 2,894,808 shares of the stock traded hands, compared to its average volume of 4,352,821. The company has a quick ratio of 0.99, a current ratio of 1.08 and a debt-to-equity ratio of 1.23. The stock's 50-day moving average is $230.10 and its 200 day moving average is $202.43. T-Mobile US, Inc. has a 12 month low of $153.84 and a 12 month high of $248.15. The stock has a market capitalization of $269.16 billion, a PE ratio of 26.60, a P/E/G ratio of 1.20 and a beta of 0.53.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion for the quarter, compared to analysts' expectations of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The company's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.82 EPS. Equities analysts anticipate that T-Mobile US, Inc. will post 9.38 earnings per share for the current year.

T-Mobile US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.52%. The ex-dividend date is Friday, February 28th. T-Mobile US's dividend payout ratio (DPR) is currently 40.14%.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total transaction of $247,190.00. Following the completion of the sale, the director now owns 5,021 shares in the company, valued at $1,241,140.99. The trade was a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the transaction, the chief executive officer now owns 378,124 shares in the company, valued at approximately $89,891,418.52. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,869 shares of company stock worth $47,018,239. Company insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

TMUS has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of T-Mobile US from $230.00 to $250.00 and gave the stock an "overweight" rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of T-Mobile US from $232.00 to $255.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Daiwa America raised shares of T-Mobile US to a "hold" rating in a research note on Friday, October 25th. Sanford C. Bernstein began coverage on T-Mobile US in a research note on Tuesday. They issued a "market perform" rating and a $265.00 price target for the company. Finally, Wells Fargo & Company raised their price objective on T-Mobile US from $230.00 to $240.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, T-Mobile US has an average rating of "Moderate Buy" and an average price target of $245.42.

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.