Calamos Advisors LLC Cuts Stock Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Calamos Advisors LLC lessened its stake in shares of T-Mobile US, Inc. (NASDAQ:TMUS) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,640 shares of the Wireless communications provider’s stock after selling 1,518 shares during the quarter. Calamos Advisors LLC’s holdings in T-Mobile US were worth $60,868,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TMUS. Norges Bank acquired a new position in T-Mobile US during the fourth quarter worth $2,801,442,000. Clearbridge Investments LLC grew its holdings in T-Mobile US by 243.9% in the third quarter. Clearbridge Investments LLC now owns 2,920,668 shares of the Wireless communications provider’s stock valued at $409,040,000 after purchasing an additional 2,071,489 shares during the last quarter. Morgan Stanley grew its holdings in T-Mobile US by 18.8% in the fourth quarter. Morgan Stanley now owns 10,984,556 shares of the Wireless communications provider’s stock valued at $1,537,838,000 after purchasing an additional 1,742,108 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in T-Mobile US by 90.5% in the third quarter. Canada Pension Plan Investment Board now owns 2,506,127 shares of the Wireless communications provider’s stock valued at $350,983,000 after purchasing an additional 1,190,813 shares during the last quarter. Finally, Third Point LLC acquired a new stake in T-Mobile US in the third quarter valued at $140,050,000. Hedge funds and other institutional investors own 42.49% of the company’s stock.

Insider Buying and Selling

In related news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Callie R. Field sold 5,844 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $168.44, for a total value of $984,363.36. Following the sale, the insider now owns 102,555 shares of the company’s stock, valued at approximately $17,274,364.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO G Michael Sievert sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $161.05, for a total value of $6,442,000.00. Following the completion of the sale, the chief executive officer now directly owns 496,036 shares in the company, valued at approximately $79,886,597.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,835,666 shares of company stock valued at $947,456,630. Insiders own 0.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer reissued an “outperform” rating and issued a $190.00 target price on shares of T-Mobile US in a report on Wednesday, April 3rd. Tigress Financial increased their target price on T-Mobile US from $204.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. KeyCorp cut their price objective on T-Mobile US from $183.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Royal Bank of Canada restated an “outperform” rating and issued a $184.00 price objective on shares of T-Mobile US in a report on Wednesday, March 20th. Finally, Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of T-Mobile US in a report on Friday, January 26th. One equities research analyst has rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $185.93.

T-Mobile US Stock Performance

Shares of TMUS traded up $0.76 during mid-day trading on Thursday, hitting $160.85. The stock had a trading volume of 3,166,586 shares, compared to its average volume of 4,508,769. The company has a market cap of $190.91 billion, a PE ratio of 23.10, a PEG ratio of 0.65 and a beta of 0.49. The company’s fifty day simple moving average is $162.28 and its two-hundred day simple moving average is $155.91. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. T-Mobile US, Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.64.

T-Mobile US (NASDAQ:TMUS) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $1.67 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.23). The firm had revenue of $20.48 billion during the quarter, compared to analyst estimates of $19.67 billion. T-Mobile US had a return on equity of 12.69% and a net margin of 10.59%. T-Mobile US’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.18 EPS. On average, equities analysts expect that T-Mobile US, Inc. will post 8.95 earnings per share for the current year.

T-Mobile US Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Friday, May 31st will be given a $0.65 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $2.60 annualized dividend and a dividend yield of 1.62%. T-Mobile US’s payout ratio is 37.52%.

T-Mobile US Company 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.