TELUS Co. (NYSE:TU) Shares Bought by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 117.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 167,781 shares of the Wireless communications provider's stock after purchasing an additional 90,580 shares during the period. Gotham Asset Management LLC's holdings in TELUS were worth $2,275,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TU. Maryland State Retirement & Pension System lifted its holdings in shares of TELUS by 1.6% during the fourth quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock valued at $1,197,000 after purchasing an additional 1,346 shares during the last quarter. Hillsdale Investment Management Inc. raised its holdings in TELUS by 7.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock worth $294,000 after acquiring an additional 1,500 shares during the last quarter. Beverly Hills Private Wealth LLC raised its holdings in TELUS by 9.7% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 21,492 shares of the Wireless communications provider's stock worth $291,000 after acquiring an additional 1,901 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in TELUS by 3.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its holdings in TELUS by 20.4% in the 4th quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider's stock worth $312,000 after acquiring an additional 3,900 shares during the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Trading Up 0.4%

TELUS stock traded up $0.07 during midday trading on Monday, reaching $15.87. The stock had a trading volume of 960,817 shares, compared to its average volume of 2,906,496. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. TELUS Co. has a 52-week low of $13.24 and a 52-week high of $17.27. The firm has a market cap of $24.03 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 5.18 and a beta of 0.73. The company has a fifty day moving average of $14.81 and a 200 day moving average of $14.81.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.2989 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This is an increase from TELUS's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.53%. TELUS's dividend payout ratio (DPR) is currently 201.75%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TU shares. National Bankshares restated a "sector perform" rating on shares of TELUS in a report on Monday, May 12th. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, Canaccord Genuity Group lifted their target price on shares of TELUS from $20.25 to $21.50 and gave the stock a "hold" rating in a research report on Monday, May 12th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.50.

About TELUS

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.