Jones Financial Companies Lllp Has $654,000 Stock Position in TELUS Co. (NYSE:TU)

Jones Financial Companies Lllp lifted its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 80.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,244 shares of the Wireless communications provider's stock after purchasing an additional 21,510 shares during the quarter. Jones Financial Companies Lllp's holdings in TELUS were worth $654,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Public Sector Pension Investment Board increased its position in TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock worth $1,297,000 after buying an additional 1,500 shares during the period. Versant Capital Management Inc boosted its stake in shares of TELUS by 195,100.0% in the fourth 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. Northwest & Ethical Investments L.P. grew its position in TELUS by 0.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider's stock worth $7,547,000 after buying an additional 2,196 shares during the period. Crossmark Global Holdings Inc. increased its stake in TELUS by 3.4% in the 4th 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, Cerity Partners LLC raised its stake in shares of TELUS by 7.5% during the 3rd quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider's stock worth $710,000 after buying an additional 2,964 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Finally, Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating on the stock. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.00.

TELUS Trading Down 0.7 %

Shares of NYSE:TU traded down $0.10 during trading on Thursday, reaching $15.01. 3,721,653 shares of the stock were exchanged, compared to its average volume of 2,702,581. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 30.63, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The firm's 50-day moving average price is $14.70 and its 200 day moving average price is $15.36. TELUS Co. has a 12-month low of $13.24 and a 12-month high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $3.85 billion during 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 last year, the firm earned $0.10 earnings per share. On average, sell-side analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be paid a $0.2829 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.54%. TELUS's payout ratio is currently 226.53%.

TELUS 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.