TELUS Co. (NYSE:TU) Shares Acquired by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 33.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,249,142 shares of the Wireless communications provider's stock after acquiring an additional 566,076 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.15% of TELUS worth $40,221,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Ingalls & Snyder LLC grew its stake in TELUS by 31.6% in the third quarter. Ingalls & Snyder LLC now owns 17,180 shares of the Wireless communications provider's stock worth $281,000 after purchasing an additional 4,130 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of TELUS by 67.0% during the third quarter. EverSource Wealth Advisors LLC now owns 19,931 shares of the Wireless communications provider's stock valued at $326,000 after buying an additional 7,993 shares during the period. NBC Securities Inc. bought a new stake in shares of TELUS in the third quarter valued at about $4,101,000. Wrapmanager Inc. raised its holdings in shares of TELUS by 8.2% in the third quarter. Wrapmanager Inc. now owns 14,438 shares of the Wireless communications provider's stock valued at $236,000 after acquiring an additional 1,093 shares in the last quarter. Finally, PARK CIRCLE Co lifted its stake in TELUS by 56.3% in the third quarter. PARK CIRCLE Co now owns 82,598 shares of the Wireless communications provider's stock worth $1,350,000 after acquiring an additional 29,750 shares during the period. Hedge funds and other institutional investors own 49.40% of the company's stock.

TELUS Stock Up 1.0 %

NYSE:TU traded up $0.16 during mid-day trading on Friday, hitting $16.62. 1,912,193 shares of the company's stock traded hands, compared to its average volume of 2,187,341. The company has a fifty day moving average of $16.23 and a 200 day moving average of $17.25. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.70 and a current ratio of 0.75. TELUS Co. has a twelve month low of $15.35 and a twelve month high of $20.43. The company has a market capitalization of $24.53 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.01 and a beta of 0.71.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be given a $0.282 dividend. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.13 annualized dividend and a dividend yield of 6.79%. The ex-dividend date is Monday, June 10th. TELUS's dividend payout ratio (DPR) is presently 284.62%.

Wall Street Analyst Weigh In

TU has been the subject of several research reports. BMO Capital Markets lowered their price target on shares of TELUS from $27.00 to $26.00 and set an "outperform" rating for the company in a research report on Monday, February 12th. StockNews.com downgraded TELUS from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th. Finally, Scotiabank restated a "sector perform" rating and set a $26.00 price objective (down from $28.00) on shares of TELUS in a research note on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.72.

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.