Cullen Frost Bankers Inc. Reduces Stock Holdings in T-Mobile US, Inc. (NASDAQ:TMUS)

Cullen Frost Bankers Inc. reduced its position in T-Mobile US, Inc. (NASDAQ:TMUS) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,052 shares of the Wireless communications provider’s stock after selling 3,303 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in T-Mobile US were worth $14,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of T-Mobile US by 3.8% in the first quarter. Vanguard Group Inc. now owns 45,042,339 shares of the Wireless communications provider’s stock valued at $7,351,811,000 after purchasing an additional 1,667,778 shares during the period. Norges Bank bought a new stake in T-Mobile US during the 4th quarter valued at $3,338,708,000. Wellington Management Group LLP lifted its position in shares of T-Mobile US by 200.0% during the fourth quarter. Wellington Management Group LLP now owns 6,362,601 shares of the Wireless communications provider’s stock worth $1,020,116,000 after acquiring an additional 4,241,877 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of T-Mobile US by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,258,386 shares of the Wireless communications provider’s stock worth $682,699,000 after acquiring an additional 23,800 shares during the period. Finally, Putnam Investments LLC grew its position in shares of T-Mobile US by 74.6% in the fourth quarter. Putnam Investments LLC now owns 3,939,221 shares of the Wireless communications provider’s stock valued at $631,575,000 after purchasing an additional 1,682,743 shares in the last quarter. 42.49% of the stock is currently owned by institutional investors.

T-Mobile US Price Performance

TMUS opened at $193.00 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.78 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $226.17 billion, a P/E ratio of 26.26, a PEG ratio of 0.74 and a beta of 0.51. The stock has a 50-day moving average price of $188.14 and a 200-day moving average price of $174.02. T-Mobile US, Inc. has a 12-month low of $134.50 and a 12-month high of $205.28.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Wednesday, July 31st. The Wireless communications provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.22. The business had revenue of $19.77 billion during the quarter, compared to analyst estimates of $19.61 billion. T-Mobile US had a return on equity of 14.88% and a net margin of 11.95%. T-Mobile US’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post 9.18 earnings per share for the current fiscal year.

T-Mobile US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Friday, August 30th. T-Mobile US’s dividend payout ratio is currently 35.37%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TMUS. StockNews.com raised T-Mobile US from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Scotiabank increased their price target on shares of T-Mobile US from $194.50 to $197.00 and gave the stock a “sector outperform” rating in a report on Thursday, August 1st. Tigress Financial boosted their price objective on shares of T-Mobile US from $205.00 to $235.00 and gave the company a “buy” rating in a research note on Monday, August 12th. TD Cowen increased their target price on shares of T-Mobile US from $202.00 to $216.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays raised their price target on shares of T-Mobile US from $180.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, T-Mobile US currently has an average rating of “Buy” and a consensus price target of $198.63.

Insider Buying and Selling

In other news, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the transaction, the director now directly owns 671,752,404 shares of the company’s stock, valued at $116,280,341,132.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Raul Marcelo Claure sold 2,706 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $200.11, for a total transaction of $541,497.66. Following the completion of the sale, the director now directly owns 1,826,204 shares in the company, valued at approximately $365,441,682.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Telekom Ag Deutsche sold 133,461 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $173.10, for a total transaction of $23,102,099.10. Following the completion of the sale, the director now directly owns 671,752,404 shares in the company, valued at approximately $116,280,341,132.40. The disclosure for this sale can be found here. Insiders have sold a total of 1,336,950 shares of company stock worth $239,882,745 in the last 90 days. 0.67% of the stock is owned by company insiders.

About T-Mobile US

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.