Wesbanco Bank Inc. Sells 3,933 Shares of T-Mobile US, Inc. $TMUS

Wesbanco Bank Inc. reduced its holdings in shares of T-Mobile US, Inc. (NASDAQ:TMUSFree Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,514 shares of the Wireless communications provider’s stock after selling 3,933 shares during the period. Wesbanco Bank Inc.’s holdings in T-Mobile US were worth $10,819,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. JDM Financial Group LLC boosted its holdings in T-Mobile US by 114.0% in the 4th quarter. JDM Financial Group LLC now owns 122 shares of the Wireless communications provider’s stock worth $25,000 after buying an additional 65 shares during the period. Swiss RE Ltd. bought a new stake in T-Mobile US during the fourth quarter valued at about $29,000. Turning Point Benefit Group Inc. lifted its position in shares of T-Mobile US by 3,825.0% in the fourth quarter. Turning Point Benefit Group Inc. now owns 157 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 153 shares in the last quarter. Acumen Wealth Advisors LLC purchased a new position in shares of T-Mobile US in the fourth quarter valued at about $36,000. Finally, United Community Bank boosted its stake in shares of T-Mobile US by 78.8% in the fourth quarter. United Community Bank now owns 186 shares of the Wireless communications provider’s stock worth $38,000 after acquiring an additional 82 shares during the period. Institutional investors own 42.49% of the company’s stock.

T-Mobile US News Roundup

Here are the key news stories impacting T-Mobile US this week:

Analyst Upgrades and Downgrades

Several analysts recently issued reports on TMUS shares. KeyCorp raised T-Mobile US from a “sector weight” rating to an “overweight” rating and set a $260.00 target price on the stock in a research note on Monday, April 13th. Weiss Ratings lowered shares of T-Mobile US from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 15th. Citigroup lifted their price objective on shares of T-Mobile US from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Tuesday, March 17th. Barclays restated a “buy” rating on shares of T-Mobile US in a research report on Friday, April 24th. Finally, Scotiabank reduced their price target on shares of T-Mobile US from $266.00 to $263.00 and set a “sector outperform” rating on the stock in a report on Wednesday, April 29th. One investment 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 company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.27.

Get Our Latest Report on TMUS

T-Mobile US Trading Up 0.6%

TMUS stock opened at $182.68 on Friday. The firm has a fifty day moving average price of $188.24 and a 200 day moving average price of $197.93. T-Mobile US, Inc. has a fifty-two week low of $174.02 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. The firm has a market cap of $197.70 billion, a PE ratio of 19.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.31.

T-Mobile US (NASDAQ:TMUSGet Free Report) last released its quarterly earnings results on Tuesday, April 28th. The Wireless communications provider reported $2.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.01 by $0.26. T-Mobile US had a net margin of 11.65% and a return on equity of 19.47%. The company had revenue of $23.11 billion for the quarter, compared to the consensus estimate of $22.98 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. T-Mobile US’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Friday, August 28th will be given a $1.02 dividend. The ex-dividend date is Friday, August 28th. This represents a $4.08 annualized dividend and a yield of 2.2%. T-Mobile US’s dividend payout ratio (DPR) is currently 43.40%.

Insiders Place Their Bets

In other news, insider Michael J. Katz sold 5,000 shares of T-Mobile US stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $195.81, for a total value of $979,050.00. Following the completion of the transaction, the insider owned 181,930 shares in the company, valued at approximately $35,623,713.30. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andre Almeida bought 5,097 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were bought at an average cost of $196.18 per share, for a total transaction of $999,929.46. Following the transaction, the insider owned 44,850 shares in the company, valued at approximately $8,798,673. The trade was a 12.82% increase in their position. The SEC filing for this purchase provides additional information. 0.32% of the stock is currently owned by insiders.

T-Mobile US Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for T-Mobile US (NASDAQ:TMUS)

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