Cullen Frost Bankers Inc. Buys 1,963 Shares of T-Mobile US, Inc. (NASDAQ:TMUS)

Cullen Frost Bankers Inc. raised its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 2.4% during the 4th quarter, according to the company in its most recent Form 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 period. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $18,297,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Barclays PLC raised its holdings in T-Mobile US by 38.3% during the third quarter. Barclays PLC now owns 3,165,153 shares of the Wireless communications provider’s stock valued at $653,160,000 after buying an additional 876,182 shares in the last quarter. Gladstone Institutional Advisory LLC bought a new position in T-Mobile US during the fourth quarter valued at about $1,552,000. Trust Co. of Vermont raised its holdings in T-Mobile US by 11.9% during the fourth quarter. Trust Co. of Vermont now owns 26,972 shares of the Wireless communications provider’s stock valued at $5,954,000 after buying an additional 2,865 shares in the last quarter. Swedbank AB raised its holdings in T-Mobile US by 5.1% during the third quarter. Swedbank AB now owns 255,044 shares of the Wireless communications provider’s stock valued at $52,631,000 after buying an additional 12,411 shares in the last quarter. Finally, Rice Partnership LLC bought a new position in T-Mobile US during the fourth quarter valued at about $7,678,000. 42.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TMUS has been the topic of a number of recent analyst reports. Bank of America lifted their price objective on T-Mobile US from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Benchmark reiterated a “buy” rating on shares of T-Mobile US in a research note on Wednesday, February 26th. HSBC lowered T-Mobile US from a “buy” rating to a “hold” rating and set a $270.00 price objective on the stock. in a research note on Wednesday. KeyCorp lowered T-Mobile US from an “overweight” rating to a “sector weight” rating and set a $252.00 price objective on the stock. in a research note on Thursday, December 12th. Finally, Morgan Stanley initiated coverage on T-Mobile US in a research note on Monday, December 16th. They issued an “overweight” rating and a $280.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $254.10.

T-Mobile US Stock Down 0.7 %

NASDAQ TMUS opened at $262.74 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.83 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average is $238.17 and its two-hundred day moving average is $225.48. The company has a market capitalization of $299.98 billion, a price-to-earnings ratio of 27.17, a PEG ratio of 1.55 and a beta of 0.56. T-Mobile US, Inc. has a 1-year low of $158.84 and a 1-year high of $276.49.

T-Mobile US (NASDAQ:TMUS) last released its quarterly earnings data on Wednesday, January 29th. The Wireless communications provider reported $2.57 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a return on equity of 18.09% and a net margin of 13.93%. Equities analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current fiscal year.

T-Mobile US Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 22nd. Shareholders of record on Friday, May 30th will be issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Friday, May 30th. T-Mobile US’s payout ratio is 36.40%.

Insider Buying and Selling at T-Mobile US

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

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.