Wesbanco Bank Inc. Acquires 57,137 Shares of T-Mobile US, Inc. (TMUS)
Wesbanco Bank Inc. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 82.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,582 shares of the Wireless communications provider’s stock after buying an additional 57,137 shares during the period. Wesbanco Bank Inc.’s holdings in T-Mobile US were worth $7,673,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Creative Planning increased its stake in shares of T-Mobile US by 25.9% in the first quarter. Creative Planning now owns 3,203 shares of the Wireless communications provider’s stock valued at $207,000 after buying an additional 658 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of T-Mobile US by 16.9% in the first quarter. Capstone Asset Management Co. now owns 7,748 shares of the Wireless communications provider’s stock valued at $500,000 after buying an additional 1,120 shares during the last quarter. First Quadrant L P CA increased its stake in shares of T-Mobile US by 41.5% in the first quarter. First Quadrant L P CA now owns 5,800 shares of the Wireless communications provider’s stock valued at $375,000 after buying an additional 1,700 shares during the last quarter. IFP Advisors Inc increased its stake in shares of T-Mobile US by 10.5% in the first quarter. IFP Advisors Inc now owns 3,522 shares of the Wireless communications provider’s stock valued at $227,000 after buying an additional 335 shares during the last quarter. Finally, DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of T-Mobile US during the first quarter valued at $885,000. 34.72% of the stock is currently owned by hedge funds and other institutional investors.
Shares of T-Mobile US, Inc. (TMUS) traded up 0.49% during trading on Wednesday, hitting $63.78. 222,167 shares of the stock were exchanged. T-Mobile US, Inc. has a 12-month low of $44.35 and a 12-month high of $68.88. The stock has a market cap of $53.00 billion, a P/E ratio of 27.03 and a beta of 0.49. The stock has a 50-day moving average of $62.68 and a 200 day moving average of $63.72.
T-Mobile US (NASDAQ:TMUS) last posted its quarterly earnings results on Wednesday, July 19th. The Wireless communications provider reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.29. The business had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.82 billion. T-Mobile US had a return on equity of 8.66% and a net margin of 5.19%. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Equities analysts predict that T-Mobile US, Inc. will post $2.29 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on TMUS shares. Cowen and Company reaffirmed an “outperform” rating and set a $70.00 target price on shares of T-Mobile US in a research note on Monday, May 15th. Goldman Sachs Group, Inc. (The) raised shares of T-Mobile US from a “buy” rating to a “conviction-buy” rating and dropped their price objective for the company from $81.00 to $65.72 in a research report on Friday, May 19th. Royal Bank Of Canada reissued a “buy” rating and issued a $76.00 price objective on shares of T-Mobile US in a research report on Friday, June 2nd. Drexel Hamilton began coverage on shares of T-Mobile US in a research report on Thursday, June 8th. They issued a “buy” rating and a $80.00 price objective on the stock. Finally, BidaskClub downgraded shares of T-Mobile US from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Eleven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $70.06.
About T-Mobile US
T-Mobile US, Inc, together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 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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