TELUS Co. (NYSE:TU) Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. grew its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 21.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 544,463 shares of the Wireless communications provider's stock after buying an additional 97,795 shares during the quarter. Russell Investments Group Ltd.'s holdings in TELUS were worth $9,736,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC raised its stake in TELUS by 80.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider's stock valued at $27,000 after buying an additional 739 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in TELUS in the fourth quarter worth about $33,000. CVA Family Office LLC bought a new stake in shares of TELUS during the 4th quarter valued at about $49,000. CWM LLC increased its position in shares of TELUS by 104.3% during the 4th quarter. CWM LLC now owns 3,891 shares of the Wireless communications provider's stock valued at $69,000 after purchasing an additional 1,986 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of TELUS in the 3rd quarter worth approximately $172,000. Institutional investors own 49.40% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TU. Scotiabank reissued a "sector perform" rating and set a $26.00 price target (down previously from $28.00) on shares of TELUS in a report on Monday, March 25th. BMO Capital Markets decreased their target price on shares of TELUS from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, February 12th. Finally, StockNews.com lowered shares of TELUS from a "hold" rating to a "sell" rating in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $27.72.

TELUS Trading Down 0.2 %

TU traded down $0.03 during trading on Tuesday, reaching $16.43. The company had a trading volume of 1,224,680 shares, compared to its average volume of 2,440,114. The stock has a market cap of $24.25 billion, a P/E ratio of 38.21, a PEG ratio of 2.00 and a beta of 0.71. The business has a 50 day simple moving average of $16.39 and a 200-day simple moving average of $17.25. TELUS Co. has a 52 week low of $15.35 and a 52 week high of $20.99. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.35.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.01. The company had revenue of $5.20 billion during the quarter, compared to the consensus estimate of $5.24 billion. TELUS had a return on equity of 7.81% and a net margin of 4.18%. TELUS's revenue was up 2.8% on a year-over-year basis. During the same period last year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that TELUS Co. will post 0.76 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, March 11th were given a dividend of $0.2793 per share. This represents a $1.12 annualized dividend and a dividend yield of 6.80%. This is an increase from TELUS's previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 8th. TELUS's dividend payout ratio (DPR) is 258.14%.

TELUS Company 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.