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

Franklin Resources Inc. lifted its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 6,553,703 shares of the Wireless communications provider’s stock after purchasing an additional 590,711 shares during the period. Franklin Resources Inc.’s holdings in T-Mobile US were worth $1,448,426,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. ORG Partners LLC increased its stake in T-Mobile US by 5,690.0% in the 2nd quarter. ORG Partners LLC now owns 579 shares of the Wireless communications provider’s stock valued at $102,000 after purchasing an additional 569 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in T-Mobile US by 10.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 22,646 shares of the Wireless communications provider’s stock worth $3,990,000 after buying an additional 2,208 shares in the last quarter. Swedbank AB increased its position in T-Mobile US by 2.1% during the second quarter. Swedbank AB now owns 242,633 shares of the Wireless communications provider’s stock worth $42,747,000 after buying an additional 5,013 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in T-Mobile US during the second quarter worth $354,000. Finally, Blue Trust Inc. increased its position in T-Mobile US by 18.8% during the second quarter. Blue Trust Inc. now owns 4,708 shares of the Wireless communications provider’s stock worth $768,000 after buying an additional 746 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Srikant M. Datar sold 1,000 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value 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. This represents a 16.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO G Michael Sievert sold 20,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $237.73, for a total value of $4,754,600.00. Following the completion of the sale, the chief executive officer now owns 378,124 shares of the company’s stock, valued at $89,891,418.52. The trade was a 5.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 208,869 shares of company stock worth $47,018,239. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of TMUS stock opened at $233.27 on Friday. T-Mobile US, Inc. has a 12-month low of $153.84 and a 12-month high of $248.15. The firm has a market capitalization of $270.71 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.20 and a beta of 0.53. The business has a 50 day simple moving average of $230.10 and a 200 day simple moving average of $202.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.08 and a quick ratio of 0.99.

T-Mobile US (NASDAQ:TMUS) last released its earnings results on Wednesday, October 23rd. The Wireless communications provider reported $2.61 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.29. The firm had revenue of $20.16 billion during the quarter, compared to the consensus estimate of $20.01 billion. T-Mobile US had a return on equity of 16.35% and a net margin of 12.96%. The firm’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 firm posted $1.82 earnings per share. On average, equities research analysts anticipate that T-Mobile US, Inc. will post 9.38 EPS for the current year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Friday, February 28th will be given a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.51%. T-Mobile US’s dividend payout ratio (DPR) is presently 40.14%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TMUS. Benchmark lifted their price objective on T-Mobile US from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Daiwa America raised T-Mobile US to a “hold” rating in a research report on Friday, October 25th. Barclays boosted their price objective on T-Mobile US from $215.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on T-Mobile US from $232.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on T-Mobile US from $230.00 to $250.00 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $245.42.

T-Mobile US 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.