Franklin Resources Inc. Has $1.37 Billion Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Franklin Resources Inc. reduced its position in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock worth $653,160,000 after purchasing an additional 876,182 shares during the period. Gladstone Institutional Advisory LLC bought a new stake in shares of T-Mobile US during the 4th quarter worth about $1,552,000. Trust Co. of Vermont grew its stake in T-Mobile US by 11.9% in the 4th quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares during the last quarter. Rice Partnership LLC bought a new position in T-Mobile US in the 4th quarter valued at about $7,678,000. Finally, Exchange Traded Concepts LLC lifted its position in T-Mobile US by 737.8% during the fourth quarter. Exchange Traded Concepts LLC now owns 56,521 shares of the Wireless communications provider’s stock worth $12,476,000 after acquiring an additional 49,775 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TMUS shares. UBS Group lowered T-Mobile US from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 21st. Evercore ISI upgraded shares of T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Sanford C. Bernstein started coverage on shares of T-Mobile US in a report on Tuesday, December 10th. They issued a “market perform” rating and a $265.00 price objective for the company. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Finally, Hsbc Global Res cut T-Mobile US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 5th. Eleven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, T-Mobile US has a consensus rating of “Moderate Buy” and a consensus target price of $256.80.

Insider Activity at T-Mobile US

In other T-Mobile US news, Director Srikant M. Datar sold 730 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $263.00, for a total value of $191,990.00. Following the completion of the sale, the director now directly owns 3,291 shares of the company’s stock, valued at approximately $865,533. This represents a 18.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.67% of the stock is owned by insiders.

T-Mobile US Stock Performance

TMUS stock opened at $264.93 on Monday. T-Mobile US, Inc. has a 1-year low of $159.14 and a 1-year high of $276.49. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock has a 50-day moving average price of $252.92 and a 200-day moving average price of $233.13. The firm has a market cap of $302.48 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 1.55 and a beta of 0.64.

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

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, May 30th. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

About T-Mobile US

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.