Raymond James Financial Inc. bought a new stake in TELUS Co. (NYSE:TU - Free Report) TSE: T during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 153,791 shares of the Wireless communications provider's stock, valued at approximately $2,085,000.
Other large investors also recently made changes to their positions in the company. Maryland State Retirement & Pension System lifted its position in shares of TELUS by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after buying an additional 1,346 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of 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 period. Versant Capital Management Inc raised its stake in shares of TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock valued at $26,000 after buying an additional 1,951 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in TELUS by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock valued at $1,185,000 after purchasing an additional 2,840 shares in the last quarter. Finally, Ingalls & Snyder LLC increased its holdings in shares of TELUS by 20.4% during the fourth quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider's stock worth $312,000 after buying an additional 3,900 shares in the last quarter. Hedge funds and other institutional investors own 49.40% of the company's stock.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Bank of America cut shares of TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, TELUS currently has a consensus rating of "Hold".
Get Our Latest Report on TU
TELUS Price Performance
Shares of TU stock traded down $0.21 on Friday, reaching $15.02. The company had a trading volume of 3,011,972 shares, compared to its average volume of 2,863,968. The stock has a market capitalization of $22.74 billion, a PE ratio of 30.65, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The business's 50-day moving average is $14.82 and its 200 day moving average is $14.86. TELUS Co. has a one year low of $13.24 and a one year high of $17.27.
TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same period in the previous year, the business earned $0.10 EPS. Equities research analysts forecast that TELUS Co. will post 0.71 EPS for the current fiscal year.
TELUS Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a yield of 7.53%. The ex-dividend date was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.
TELUS Company Profile
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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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