Franklin Resources Inc. Has $278.72 Million Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Franklin Resources Inc. lowered its stake in T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 16.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,738,441 shares of the Wireless communications provider’s stock after selling 341,862 shares during the period. Franklin Resources Inc.’s holdings in T-Mobile US were worth $278,724,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its position in T-Mobile US by 32.0% in the fourth quarter. Assetmark Inc. now owns 28,894 shares of the Wireless communications provider’s stock valued at $4,633,000 after buying an additional 7,000 shares in the last quarter. STF Management LP raised its stake in shares of T-Mobile US by 1.3% during the fourth quarter. STF Management LP now owns 19,578 shares of the Wireless communications provider’s stock valued at $3,139,000 after acquiring an additional 257 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of T-Mobile US by 2.9% during the fourth quarter. Corient Private Wealth LLC now owns 146,304 shares of the Wireless communications provider’s stock valued at $23,457,000 after acquiring an additional 4,184 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of T-Mobile US by 15.4% during the fourth quarter. D.A. Davidson & CO. now owns 32,962 shares of the Wireless communications provider’s stock valued at $5,285,000 after acquiring an additional 4,407 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in shares of T-Mobile US by 5.3% during the fourth quarter. Clearbridge Investments LLC now owns 3,074,138 shares of the Wireless communications provider’s stock valued at $492,877,000 after acquiring an additional 153,470 shares during the last quarter. Institutional investors and hedge funds own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other T-Mobile US news, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $168.44, for a total value of $984,363.36. Following the transaction, the insider now directly owns 102,555 shares in the company, valued at $17,274,364.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Michael J. Katz sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $163.22, for a total value of $489,660.00. Following the sale, the insider now owns 125,687 shares of the company’s stock, valued at $20,514,632.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Callie R. Field sold 5,844 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $168.44, for a total transaction of $984,363.36. Following the completion of the sale, the insider now directly owns 102,555 shares in the company, valued at approximately $17,274,364.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,835,010 shares of company stock worth $1,112,834,913 over the last three months. 0.67% of the stock is currently owned by insiders.

T-Mobile US Stock Up 0.7 %

T-Mobile US stock traded up $1.18 during midday trading on Wednesday, hitting $165.54. 1,220,795 shares of the stock were exchanged, compared to its average volume of 4,455,156. T-Mobile US, Inc. has a 52-week low of $124.92 and a 52-week high of $168.64. The stock has a market capitalization of $193.99 billion, a price-to-earnings ratio of 22.36, a price-to-earnings-growth ratio of 0.64 and a beta of 0.48. The business’s 50-day moving average price is $162.45 and its 200-day moving average price is $159.81. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released 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. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The business had revenue of $19.59 billion for the quarter, compared to analysts’ expectations of $19.81 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, research analysts expect that T-Mobile US, Inc. will post 9.02 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

Wall Street Analyst Weigh In

TMUS has been the subject of several analyst reports. 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 note on Monday, March 25th. Morgan Stanley lifted their target price on shares of T-Mobile US from $180.00 to $186.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. StockNews.com raised shares of T-Mobile US from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of T-Mobile US in a research note on Friday, January 26th. Finally, Royal Bank of Canada lifted their target price on shares of T-Mobile US from $184.00 to $188.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Fourteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $186.33.

Get Our Latest Research Report on T-Mobile US

T-Mobile US Profile

(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.

See Also

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)

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