Wesbanco Bank Inc. cut its stake in T-Mobile Us Inc (NASDAQ:TMUS) by 8.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,812 shares of the Wireless communications provider’s stock after selling 6,160 shares during the quarter. Wesbanco Bank Inc.’s holdings in T-Mobile Us were worth $4,340,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc raised its position in T-Mobile Us by 0.8% in the third quarter. Vanguard Group Inc now owns 16,471,906 shares of the Wireless communications provider’s stock worth $1,156,000,000 after acquiring an additional 132,709 shares in the last quarter. BKD Wealth Advisors LLC raised its position in T-Mobile Us by 5.9% in the fourth quarter. BKD Wealth Advisors LLC now owns 6,993 shares of the Wireless communications provider’s stock worth $445,000 after acquiring an additional 389 shares in the last quarter. Bank of Montreal Can raised its position in T-Mobile Us by 10.2% in the fourth quarter. Bank of Montreal Can now owns 247,465 shares of the Wireless communications provider’s stock worth $15,740,000 after acquiring an additional 22,989 shares in the last quarter. James Investment Research Inc. bought a new stake in T-Mobile Us in the fourth quarter worth about $1,030,000. Finally, Strs Ohio raised its position in T-Mobile Us by 8.1% in the fourth quarter. Strs Ohio now owns 291,920 shares of the Wireless communications provider’s stock worth $18,569,000 after acquiring an additional 21,909 shares in the last quarter. 32.53% of the stock is owned by hedge funds and other institutional investors.
NASDAQ TMUS traded up $1.26 on Friday, hitting $77.27. 3,578,620 shares of the company were exchanged, compared to its average volume of 3,620,825. The company has a current ratio of 0.66, a quick ratio of 0.56 and a debt-to-equity ratio of 1.44. The company has a market cap of $66.01 billion, a PE ratio of 23.00, a PEG ratio of 1.24 and a beta of 0.44. T-Mobile Us Inc has a twelve month low of $55.23 and a twelve month high of $80.93.
Several equities research analysts have commented on TMUS shares. Zacks Investment Research cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Royal Bank of Canada reiterated a “buy” rating and issued a $76.00 price target on shares of T-Mobile Us in a research report on Thursday, February 7th. HSBC set a $80.00 price target on shares of T-Mobile Us and gave the stock a “buy” rating in a research report on Friday, March 8th. BidaskClub cut shares of T-Mobile Us from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Finally, Argus reiterated a “buy” rating on shares of T-Mobile Us in a research report on Tuesday, February 19th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $80.15.
In other T-Mobile Us news, COO G Michael Sievert sold 4,766 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $73.58, for a total transaction of $350,682.28. Following the sale, the chief operating officer now owns 543,391 shares in the company, valued at approximately $39,982,709.78. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.40% of the stock is currently owned by insiders.
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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 79.7 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers.
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