Cullen Frost Bankers Inc. Raises Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Cullen Frost Bankers Inc. raised its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,112 shares of the Wireless communications provider’s stock after acquiring an additional 7,271 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $13,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. BluePath Capital Management LLC purchased a new position in shares of T-Mobile US during the 3rd quarter valued at $26,000. Valley National Advisers Inc. increased its holdings in shares of T-Mobile US by 232.1% in the 4th quarter. Valley National Advisers Inc. now owns 176 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 123 shares during the last quarter. Baker Avenue Asset Management LP grew its holdings in T-Mobile US by 63.3% during the 3rd quarter. Baker Avenue Asset Management LP now owns 209 shares of the Wireless communications provider’s stock valued at $29,000 after purchasing an additional 81 shares during the last quarter. Bay Harbor Wealth Management LLC bought a new position in T-Mobile US during the 4th quarter valued at about $34,000. Finally, Raleigh Capital Management Inc. grew its holdings in T-Mobile US by 54.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 255 shares of the Wireless communications provider’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling at T-Mobile US

In other news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Michael J. Katz sold 6,655 shares of the firm’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $161.23, for a total value of $1,072,985.65. Following the transaction, the insider now directly owns 126,616 shares of the company’s stock, valued at $20,414,297.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Telekom Ag Deutsche sold 194,910 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $161.38, for a total transaction of $31,454,575.80. Following the sale, the director now owns 688,176,641 shares of the company’s stock, valued at $111,057,946,324.58. The disclosure for this sale can be found here. Insiders have sold a total of 6,537,157 shares of company stock valued at $1,062,270,599 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on TMUS. KeyCorp boosted their price objective on shares of T-Mobile US from $175.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. TD Cowen lowered their price objective on shares of T-Mobile US from $204.00 to $202.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Royal Bank of Canada boosted their price objective on shares of T-Mobile US from $184.00 to $188.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Citigroup boosted their price objective on shares of T-Mobile US from $176.00 to $184.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Finally, Tigress Financial upped their price target on shares of T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. One analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $186.33.

T-Mobile US Stock Performance

Shares of NASDAQ:TMUS traded up $0.64 during midday trading on Wednesday, reaching $162.83. The company’s stock had a trading volume of 4,741,609 shares, compared to its average volume of 4,567,134. The firm has a market capitalization of $190.81 billion, a PE ratio of 22.15, a P/E/G ratio of 0.64 and a beta of 0.48. The company has a quick ratio of 0.86, a current ratio of 0.94 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average of $162.61 and a 200 day moving average of $158.34. T-Mobile US, Inc. has a twelve month low of $124.92 and a twelve month high of $168.64.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Thursday, April 25th. The Wireless communications provider reported $2.00 EPS for the quarter, beating the consensus estimate of $1.83 by $0.17. The company had revenue of $19.59 billion for the quarter, compared to analyst estimates of $19.81 billion. T-Mobile US had a net margin of 11.15% and a return on equity of 13.61%. The firm’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $1.58 earnings per share. On average, equities analysts expect that T-Mobile US, Inc. will post 9.01 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Friday, May 31st will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend is Friday, May 31st. T-Mobile US’s payout ratio is 35.37%.

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.