Cullen Frost Bankers Inc. Raises Holdings in T-Mobile US, Inc. $TMUS

Cullen Frost Bankers Inc. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 85,225 shares of the Wireless communications provider’s stock after acquiring an additional 2,591 shares during the period. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $20,306,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TMUS. GAMMA Investing LLC grew its position 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 worth $3,054,000 after acquiring an additional 1,059 shares during the period. PFG Investments LLC grew its position 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 worth $383,000 after acquiring an additional 92 shares during the period. Cambridge Investment Research Advisors Inc. grew its position 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 worth $10,892,000 after acquiring an additional 2,649 shares during the period. Asset Management One Co. Ltd. grew its position 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 worth $69,007,000 after acquiring an additional 8,790 shares during the period. Finally, Legacy Advisors LLC grew its position 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 worth $668,000 after acquiring an additional 221 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TMUS has been the topic of a number of research reports. Bank of America initiated coverage on T-Mobile US in a research note on Monday, July 7th. They set a “neutral” rating and a $255.00 price target on the stock. The Goldman Sachs Group initiated coverage on T-Mobile US in a research note on Tuesday, September 2nd. They set a “buy” rating and a $286.00 price target on the stock. Royal Bank Of Canada upgraded T-Mobile US from a “sector perform” rating to an “outperform” rating and set a $270.00 price target on the stock in a research note on Tuesday, October 14th. Scotiabank upped their price target on T-Mobile US from $271.50 to $278.00 and gave the stock a “sector outperform” rating in a research note on Monday, October 6th. Finally, KeyCorp restated an “underweight” rating and set a $200.00 price target on shares of T-Mobile US in a research note on Wednesday, July 9th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.17.

T-Mobile US Stock Down 0.4%

Shares of NASDAQ TMUS opened at $229.08 on Wednesday. The stock has a market cap of $257.81 billion, a P/E ratio of 21.61, a PEG ratio of 1.58 and a beta of 0.59. The company has a current ratio of 1.21, a quick ratio of 1.13 and a debt-to-equity ratio of 1.33. T-Mobile US, Inc. has a 12-month low of $208.39 and a 12-month high of $276.49. The business’s fifty day simple moving average is $241.11 and its 200-day simple moving average is $241.13.

T-Mobile US (NASDAQ:TMUS) last announced its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.15. The business had revenue of $21.13 billion for the quarter, compared to analysts’ expectations of $20.99 billion. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $2.49 earnings per share. As a group, equities analysts predict that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Increases Dividend

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

Insider Activity

In other news, Director Telekom Ag Deutsche sold 64,426 shares of the stock in a transaction 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 directly owned 627,524,343 shares in the company, valued at approximately $143,608,945,895.55. This trade represents a 0.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 2,402,091 shares of company stock valued at $580,083,496 in the last 90 days. 0.37% of the stock is currently owned by company insiders.

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.