Cullen Frost Bankers Inc. Boosts Stock Position in T-Mobile US, Inc. $TMUS

Cullen Frost Bankers Inc. boosted its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 85,225 shares of the Wireless communications provider’s stock after purchasing an additional 2,591 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $20,306,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TMUS. GAMMA Investing LLC increased its holdings in T-Mobile US by 10.2% in the first quarter. GAMMA Investing LLC now owns 11,449 shares of the Wireless communications provider’s stock valued at $3,054,000 after buying an additional 1,059 shares during the last quarter. PFG Investments LLC increased its holdings in T-Mobile US by 6.8% in the first quarter. PFG Investments LLC now owns 1,437 shares of the Wireless communications provider’s stock valued at $383,000 after buying an additional 92 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in T-Mobile US by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 40,839 shares of the Wireless communications provider’s stock valued at $10,892,000 after buying an additional 2,649 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in T-Mobile US by 3.5% in the first quarter. Asset Management One Co. Ltd. now owns 258,735 shares of the Wireless communications provider’s stock valued at $69,007,000 after buying an additional 8,790 shares during the last quarter. Finally, Legacy Advisors LLC increased its holdings in T-Mobile US by 9.7% in the first quarter. Legacy Advisors LLC now owns 2,503 shares of the Wireless communications provider’s stock valued at $668,000 after buying an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insiders Place Their Bets

In other T-Mobile US news, Director Telekom Ag Deutsche sold 64,426 shares of T-Mobile US stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $228.85, for a total value of $14,743,890.10. Following the sale, the director owned 627,524,343 shares of the company’s stock, valued at approximately $143,608,945,895.55. The trade was a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,402,091 shares of company stock valued at $580,083,496. 0.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TMUS shares. Benchmark increased their target price on T-Mobile US from $275.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft raised their price objective on T-Mobile US from $280.00 to $300.00 in a report on Thursday, October 2nd. Wolfe Research dropped their price objective on T-Mobile US from $300.00 to $290.00 and set an “outperform” rating on the stock in a report on Tuesday, September 30th. BNP Paribas Exane raised their price objective on T-Mobile US from $290.00 to $305.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Finally, Morgan Stanley raised their price objective on T-Mobile US from $265.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, T-Mobile US currently has a consensus rating of “Moderate Buy” and a consensus price target of $266.17.

T-Mobile US Stock Performance

NASDAQ TMUS opened at $229.08 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.21 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 52-week low of $208.39 and a 52-week high of $276.49. The business’s 50-day moving average price is $241.11 and its 200 day moving average price is $241.13. The firm has a market cap of $257.81 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.58 and a beta of 0.59.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The firm had revenue of $21.13 billion for the quarter, compared to analyst estimates of $20.99 billion. During the same quarter last year, the company posted $2.49 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, equities research analysts expect that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

T-Mobile US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Wednesday, November 26th will be issued a dividend of $1.02 per share. This is an increase from T-Mobile US’s previous quarterly dividend of $0.88. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Wednesday, November 26th. T-Mobile US’s dividend payout ratio is 38.49%.

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.