Numerai GP LLC lowered its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 49.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,743 shares of the Wireless communications provider's stock after selling 27,138 shares during the quarter. Numerai GP LLC's holdings in TELUS were worth $376,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the business. Avior Wealth Management LLC boosted its holdings in TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after acquiring an additional 4,548 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of TELUS during the 4th quarter worth $120,000. Blueshift Asset Management LLC bought a new stake in shares of TELUS during the 4th quarter worth $142,000. Triasima Portfolio Management inc. bought a new stake in shares of TELUS during the 4th quarter worth $146,000. Finally, Legal & General Group Plc bought a new stake in shares of TELUS during the 4th quarter worth $190,000. Institutional investors and hedge funds own 49.40% of the company's stock.
Analyst Ratings Changes
TU has been the topic of a number of research reports. Canaccord Genuity Group boosted their price objective on TELUS from $20.25 to $21.50 and gave the company a "hold" rating in a research note on Monday, May 12th. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. National Bankshares reiterated a "sector perform" rating on shares of TELUS in a research report on Monday, May 12th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $21.50.
Check Out Our Latest Report on TU
TELUS Stock Up 0.4%
Shares of NYSE:TU traded up $0.07 on Monday, hitting $15.87. 960,817 shares of the company traded hands, compared to its average volume of 2,906,496. TELUS Co. has a 52 week low of $13.24 and a 52 week high of $17.27. The stock has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $14.81. The company has a market cap of $24.03 billion, a PE ratio of 32.39, a PEG ratio of 5.18 and a beta of 0.73. 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 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Tuesday, June 10th will be issued a $0.2989 dividend. This represents a $1.20 annualized dividend and a yield of 7.53%. This is an increase from TELUS's previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, June 10th. TELUS's dividend payout ratio (DPR) is presently 201.75%.
TELUS Profile
(
Free Report)
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.
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