Cullen Frost Bankers Inc. Acquires 2,749 Shares of T-Mobile US, Inc. $TMUS

Cullen Frost Bankers Inc. lifted its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,041 shares of the Wireless communications provider’s stock after purchasing an additional 2,749 shares during the period. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $18,079,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of T-Mobile US by 1.5% in the third quarter. Vanguard Group Inc. now owns 42,797,074 shares of the Wireless communications provider’s stock worth $10,244,764,000 after purchasing an additional 636,192 shares in the last quarter. State Street Corp increased its stake in shares of T-Mobile US by 4.7% in the third quarter. State Street Corp now owns 24,234,085 shares of the Wireless communications provider’s stock worth $5,801,155,000 after purchasing an additional 1,092,769 shares in the last quarter. Capital International Investors increased its stake in shares of T-Mobile US by 5.5% in the third quarter. Capital International Investors now owns 13,726,288 shares of the Wireless communications provider’s stock worth $3,285,608,000 after purchasing an additional 711,278 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of T-Mobile US by 47.5% in the third quarter. Wellington Management Group LLP now owns 13,461,669 shares of the Wireless communications provider’s stock worth $3,222,454,000 after purchasing an additional 4,335,368 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of T-Mobile US by 6.1% in the third quarter. Invesco Ltd. now owns 7,903,104 shares of the Wireless communications provider’s stock worth $1,891,845,000 after purchasing an additional 453,096 shares in the last quarter. 42.49% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other T-Mobile US news, Director G Michael Sievert sold 80,000 shares of T-Mobile US stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $214.94, for a total value of $17,195,200.00. Following the completion of the transaction, the director directly owned 140,696 shares of the company’s stock, valued at $30,241,198.24. This trade represents a 36.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Mark Wolfe Nelson sold 2,329 shares of T-Mobile US stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $222.38, for a total transaction of $517,923.02. Following the completion of the transaction, the insider directly owned 65,677 shares of the company’s stock, valued at $14,605,251.26. The trade was a 3.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 105,620 shares of company stock worth $22,722,802. Insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TMUS. Royal Bank Of Canada reduced their price objective on shares of T-Mobile US from $255.00 to $240.00 and set an “outperform” rating for the company in a research note on Wednesday, April 29th. Barclays reissued a “buy” rating on shares of T-Mobile US in a research note on Friday, April 24th. UBS Group reissued a “buy” rating on shares of T-Mobile US in a research note on Wednesday, April 29th. Arete Research raised their target price on shares of T-Mobile US from $295.00 to $300.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Moffett Nathanson raised shares of T-Mobile US from a “neutral” rating to a “buy” rating and set a $254.00 target price for the company in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average target price of $260.48.

T-Mobile US Stock Performance

TMUS opened at $193.42 on Wednesday. The stock has a market capitalization of $209.32 billion, a price-to-earnings ratio of 20.58, a PEG ratio of 1.13 and a beta of 0.33. The company has a fifty day moving average of $200.21 and a 200 day moving average of $202.59. T-Mobile US, Inc. has a fifty-two week low of $181.36 and a fifty-two week high of $261.56. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.97 and a current ratio of 1.09.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.26. The company had revenue of $23.11 billion during the quarter, compared to analysts’ expectations of $22.98 billion. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. T-Mobile US’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $2.58 earnings per share. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.65 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Friday, May 29th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, May 29th. T-Mobile US’s dividend payout ratio (DPR) is presently 43.40%.

T-Mobile US Profile

T-Mobile US is a national wireless carrier that provides mobile voice, messaging and data services to consumers, businesses and wholesale customers across the United States, Puerto Rico and the U.S. Virgin Islands. The company operates a nationwide mobile network and offers device sales, equipment financing and support services through retail stores, online channels and distribution partners. T-Mobile positions its products around bundled service plans, device offerings and value-added features for both individual and enterprise customers.

Product offerings include postpaid and prepaid wireless plans under the T-Mobile and Metro by T-Mobile brands, as well as connectivity solutions for small and large businesses.