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

Cullen Frost Bankers Inc. increased its holdings in T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,891 shares of the Wireless communications provider’s stock after buying an additional 1,963 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $18,297,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Proficio Capital Partners LLC grew its holdings in T-Mobile US by 42.5% in the 4th quarter. Proficio Capital Partners LLC now owns 2,877 shares of the Wireless communications provider’s stock worth $635,000 after buying an additional 858 shares in the last quarter. SPC Financial Inc. grew its holdings in T-Mobile US by 0.9% in the 4th quarter. SPC Financial Inc. now owns 17,141 shares of the Wireless communications provider’s stock worth $3,784,000 after buying an additional 146 shares in the last quarter. M&T Bank Corp grew its holdings in T-Mobile US by 6.8% in the 4th quarter. M&T Bank Corp now owns 39,265 shares of the Wireless communications provider’s stock worth $8,667,000 after buying an additional 2,494 shares in the last quarter. J.Safra Asset Management Corp grew its holdings in T-Mobile US by 67.4% in the 4th quarter. J.Safra Asset Management Corp now owns 1,960 shares of the Wireless communications provider’s stock worth $432,000 after buying an additional 789 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in T-Mobile US by 0.5% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 240,782 shares of the Wireless communications provider’s stock worth $53,148,000 after buying an additional 1,157 shares in the last quarter. 42.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TMUS. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a report on Thursday, January 23rd. Tigress Financial reiterated a “buy” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Oppenheimer lifted their price target on T-Mobile US from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Sanford C. Bernstein initiated coverage on T-Mobile US in a research report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 price target on the stock. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of T-Mobile US in a research report on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $254.10.

Insider Activity at T-Mobile US

In related news, Director Letitia A. Long sold 1,100 shares of T-Mobile US stock in a transaction on Friday, December 13th. The stock was sold at an average price of $231.08, for a total transaction of $254,188.00. Following the completion of the sale, the director now owns 5,653 shares of the company’s stock, valued at approximately $1,306,295.24. This trade represents a 16.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andre Almeida acquired 3,808 shares of T-Mobile US stock in a transaction that occurred on Monday, December 9th. The shares were purchased at an average cost of $235.72 per share, with a total value of $897,621.76. Following the transaction, the director now owns 3,808 shares of the company’s stock, valued at approximately $897,621.76. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 0.67% of the company’s stock.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $262.74 on Thursday. The stock has a market cap of $299.98 billion, a PE ratio of 27.17, a price-to-earnings-growth ratio of 1.55 and a beta of 0.56. The business has a fifty day simple moving average of $238.17 and a 200-day simple moving average of $225.48. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. T-Mobile US, Inc. has a 12 month low of $158.84 and a 12 month high of $276.49.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping the consensus estimate of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. On average, sell-side analysts anticipate that T-Mobile US, Inc. will post 10.37 EPS for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 22nd. Stockholders of record on Friday, May 30th will be given a $0.88 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $3.52 annualized dividend and a dividend yield of 1.34%. T-Mobile US’s dividend payout ratio (DPR) is presently 36.40%.

T-Mobile US 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.