189,145 Shares in TELUS Corporation $TU Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC has purchased a new stake in TELUS Corporation, acquiring 189,145 shares valued at approximately $2.7 million.
• TELUS recently reported $0.16 EPS for the last quarter, missing the consensus estimate of $0.17, although revenue increased by 2.2% year-over-year to $3.74 billion.
• The company has increased its quarterly dividend to $0.3019 per share, yielding 7.3%, with a payout ratio of 263.04%.

Campbell & CO Investment Adviser LLC acquired a new stake in TELUS Corporation (NYSE:TU - Free Report) TSE: T in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 189,145 shares of the Wireless communications provider's stock, valued at approximately $2,712,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TU. Mackenzie Financial Corp lifted its position in TELUS by 22.6% in the fourth quarter. Mackenzie Financial Corp now owns 49,232,693 shares of the Wireless communications provider's stock worth $667,840,000 after purchasing an additional 9,068,181 shares during the period. Man Group plc raised its stake in TELUS by 68.2% during the fourth quarter. Man Group plc now owns 2,099,097 shares of the Wireless communications provider's stock worth $28,463,000 after acquiring an additional 850,876 shares in the last quarter. Scotia Capital Inc. increased its stake in shares of TELUS by 4.7% in the first quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider's stock valued at $266,146,000 after buying an additional 831,282 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of TELUS in the first quarter valued at $8,937,000. Finally, Janus Henderson Group PLC increased its stake in shares of TELUS by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 7,320,442 shares of the Wireless communications provider's stock valued at $99,179,000 after buying an additional 618,623 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. National Bankshares restated a "sector perform" rating on shares of TELUS in a research note on Monday, May 12th. Scotiabank reiterated an "outperform" rating on shares of TELUS in a research report on Tuesday, July 15th. Finally, Canaccord Genuity Group lifted their price objective on TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $21.50.

TELUS Trading Up 0.4%

Shares of TELUS stock traded up $0.07 during trading on Friday, hitting $16.51. 1,991,149 shares of the company were exchanged, compared to its average volume of 3,346,743. TELUS Corporation has a 1-year low of $13.24 and a 1-year high of $17.26. The company has a debt-to-equity ratio of 1.72, a current ratio of 0.86 and a quick ratio of 0.81. The firm has a market capitalization of $25.17 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 4.85 and a beta of 0.73. The firm's fifty day moving average price is $16.26 and its 200 day moving average price is $15.62.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.63 billion. TELUS had a net margin of 4.67% and a return on equity of 9.10%. The company's revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. As a group, sell-side analysts expect that TELUS Corporation will post 0.71 earnings per share for the current fiscal year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.3019 per share. This is a positive change from TELUS's previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Wednesday, September 10th. This represents a $1.21 annualized dividend and a dividend yield of 7.3%. TELUS's payout ratio is presently 260.87%.

TELUS Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.