Franklin Resources Inc. decreased its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 21.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 456,922 shares of the Wireless communications provider's stock after selling 128,151 shares during the period. Franklin Resources Inc.'s holdings in TELUS were worth $6,188,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of TU. Versant Capital Management Inc grew its position in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 1,951 shares during the last quarter. Avior Wealth Management LLC grew its position 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 purchasing an additional 4,548 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in TELUS in the fourth quarter valued at $142,000. Triasima Portfolio Management inc. purchased a new stake in shares of TELUS in the fourth quarter valued at about $146,000. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of TELUS by 25.6% during the third quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider's stock worth $256,000 after buying an additional 3,110 shares during the period. 49.40% of the stock is owned by hedge funds and other institutional investors.
TELUS Stock Performance
Shares of TU stock traded down $0.12 during trading hours on Tuesday, reaching $14.70. 566,645 shares of the company's stock were exchanged, compared to its average volume of 2,843,961. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The company's 50 day moving average is $14.84 and its two-hundred day moving average is $14.97. The company has a market cap of $22.25 billion, a P/E ratio of 30.01, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27.
TELUS (NYSE:TU - Get Free Report) TSE: T last issued its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts anticipate that TELUS Co. will post 0.71 EPS for the current fiscal year.
TELUS Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were issued a dividend of $0.2829 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.70%. TELUS's dividend payout ratio is presently 226.53%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TU. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Morgan Stanley initiated coverage on shares of TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating on the stock. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, TELUS presently has an average rating of "Hold".
Check Out Our Latest Analysis on TU
TELUS Company 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.
Featured Stories
Before you consider TELUS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.
While TELUS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
