Calamos Wealth Management LLC Reduces Position in T-Mobile US, Inc. (NASDAQ:TMUS)

Calamos Wealth Management LLC reduced its stake in T-Mobile US, Inc. (NASDAQ:TMUS) by 22.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 51,109 shares of the Wireless communications provider’s stock after selling 14,488 shares during the period. Calamos Wealth Management LLC’s holdings in T-Mobile US were worth $11,281,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. DT Investment Partners LLC lifted its position in shares of T-Mobile US by 65.3% during the 3rd quarter. DT Investment Partners LLC now owns 119 shares of the Wireless communications provider’s stock worth $25,000 after purchasing an additional 47 shares during the last quarter. Dunhill Financial LLC boosted its stake in shares of T-Mobile US by 76.7% during the third quarter. Dunhill Financial LLC now owns 129 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 56 shares during the period. Financial Life Planners purchased a new position in shares of T-Mobile US in the 4th quarter valued at approximately $29,000. MFA Wealth Advisors LLC raised its position in T-Mobile US by 128.3% during the 3rd quarter. MFA Wealth Advisors LLC now owns 137 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 77 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of T-Mobile US in the 3rd quarter valued at approximately $34,000. 42.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at T-Mobile US

In other news, Director Andre Almeida purchased 3,808 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was bought at an average price of $235.72 per share, for a total transaction of $897,621.76. Following the purchase, the director now owns 3,808 shares of the company’s stock, valued at $897,621.76. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Srikant M. Datar sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $247.19, for a total value of $247,190.00. Following the completion of the transaction, the director now owns 5,021 shares of the company’s stock, valued at approximately $1,241,140.99. This represents a 16.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,200 shares of company stock valued at $8,063,303. 0.67% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TMUS. Evercore ISI raised T-Mobile US to a “strong-buy” rating in a research note on Thursday, January 23rd. Barclays increased their target price on T-Mobile US from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday. Sanford C. Bernstein initiated coverage on T-Mobile US in a report on Tuesday, December 10th. They set a “market perform” rating and a $265.00 target price on the stock. UBS Group lifted their price target on shares of T-Mobile US from $210.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Finally, Bank of America lifted their price target on shares of T-Mobile US from $240.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, T-Mobile US has an average rating of “Moderate Buy” and an average price target of $251.26.

T-Mobile US Price Performance

Shares of T-Mobile US stock opened at $238.10 on Tuesday. The company has a 50-day simple moving average of $226.22 and a two-hundred day simple moving average of $213.75. T-Mobile US, Inc. has a twelve month low of $158.84 and a twelve month high of $248.15. The company has a quick ratio of 0.83, a current ratio of 0.91 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $276.31 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 1.38 and a beta of 0.56.

T-Mobile US (NASDAQ:TMUS) last posted its earnings results on Wednesday, January 29th. The Wireless communications provider reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.42. T-Mobile US had a net margin of 13.93% and a return on equity of 18.09%. Analysts forecast that T-Mobile US, Inc. will post 10.18 EPS for the current year.

T-Mobile US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, February 28th. This represents a $3.52 annualized dividend and a yield of 1.48%. T-Mobile US’s payout ratio is 36.40%.

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.