Wesbanco Bank Inc. Raises Stake in T-Mobile US, Inc. $TMUS

Key Points

• Wesbanco Bank Inc. increased its stake in T-Mobile US by 13.5% in Q2, acquiring an additional 5,898 shares, bringing its total holdings to 49,448 shares worth approximately $11.78 million.
• T-Mobile US reported earnings of $2.84 EPS for the last quarter, surpassing analysts' expectations of $2.69, and achieved a revenue of $21.13 billion, a 6.9% year-over-year increase.
• Currently, hedge funds and institutional investors own 42.49% of T-Mobile US stock, indicating strong interest by large investment entities.

Wesbanco Bank Inc. raised its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,448 shares of the Wireless communications provider's stock after buying an additional 5,898 shares during the quarter. Wesbanco Bank Inc.'s holdings in T-Mobile US were worth $11,781,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Snowden Capital Advisors LLC grew its holdings in T-Mobile US by 0.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 6,394 shares of the Wireless communications provider's stock valued at $1,411,000 after buying an additional 40 shares in the last quarter. Financial Management Professionals Inc. grew its holdings in T-Mobile US by 15.6% in the 1st quarter. Financial Management Professionals Inc. now owns 303 shares of the Wireless communications provider's stock valued at $81,000 after buying an additional 41 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in T-Mobile US by 2.3% in the 1st quarter. Hohimer Wealth Management LLC now owns 1,800 shares of the Wireless communications provider's stock valued at $480,000 after buying an additional 41 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of T-Mobile US by 4.2% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,022 shares of the Wireless communications provider's stock worth $273,000 after purchasing an additional 41 shares during the period. Finally, Angeles Wealth Management LLC grew its holdings in shares of T-Mobile US by 1.2% during the 1st quarter. Angeles Wealth Management LLC now owns 3,328 shares of the Wireless communications provider's stock worth $888,000 after purchasing an additional 41 shares during the period. 42.49% of the stock is currently owned by hedge funds and other institutional investors.

T-Mobile US Stock Performance

Shares of T-Mobile US stock opened at $241.72 on Friday. The business has a 50-day moving average of $243.25 and a 200 day moving average of $246.64. T-Mobile US, Inc. has a 12 month low of $195.47 and a 12 month high of $276.49. The stock has a market capitalization of $272.04 billion, a price-to-earnings ratio of 22.80, a price-to-earnings-growth ratio of 1.32 and a beta of 0.61. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.21 and a quick ratio of 1.13.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $2.84 EPS for the quarter, beating analysts' consensus estimates of $2.69 by $0.15. T-Mobile US had a return on equity of 19.68% and a net margin of 14.53%.The company had revenue of $21.13 billion during the quarter, compared to analysts' expectations of $20.99 billion. During the same period last year, the business posted $2.49 EPS. T-Mobile US's revenue for the quarter was up 6.9% on a year-over-year basis. As a group, sell-side analysts forecast that T-Mobile US, Inc. will post 10.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TMUS has been the subject of a number of research analyst reports. KeyCorp reiterated an "underweight" rating and set a $200.00 price target on shares of T-Mobile US in a report on Wednesday, July 9th. The Goldman Sachs Group initiated coverage on T-Mobile US in a report on Tuesday, September 2nd. They set a "buy" rating and a $286.00 price target for the company. JPMorgan Chase & Co. increased their price target on T-Mobile US from $270.00 to $280.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Arete Research upgraded T-Mobile US to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley increased their price target on T-Mobile US from $265.00 to $285.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Three analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $258.02.

Insider Buying and Selling

In other T-Mobile US news, Director Telekom Ag Deutsche sold 69,840 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $238.08, for a total value of $16,627,507.20. Following the sale, the director owned 647,660,844 shares of the company's stock, valued at $154,195,093,739.52. This trade represents a 0.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 2,627,930 shares of company stock worth $628,713,068. Company insiders own 0.37% of the company's stock.

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 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.

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