Landscape Capital Management L.L.C. Takes $1.84 Million Position in TELUS Co. (NYSE:TU)

Landscape Capital Management L.L.C. acquired 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 fund acquired 135,892 shares of the Wireless communications provider's stock, valued at approximately $1,843,000.

Other institutional investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its stake in TELUS by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after purchasing an additional 1,346 shares in the last quarter. Public Sector Pension Investment Board raised its position in shares of TELUS by 2.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock valued at $1,297,000 after buying an additional 1,500 shares in the last quarter. Hillsdale Investment Management Inc. lifted its holdings in shares of TELUS by 7.4% during 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 last quarter. Versant Capital Management Inc grew its position in 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 worth $26,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its stake in TELUS by 3.4% in 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 acquiring an additional 2,840 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

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TELUS Stock Up 1.8 %

Shares of TELUS stock traded up $0.26 during trading on Thursday, hitting $14.33. The company's stock had a trading volume of 3,652,499 shares, compared to its average volume of 2,818,860. 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 company has a market capitalization of $21.69 billion, a PE ratio of 29.23, a P/E/G ratio of 5.18 and a beta of 0.70. The company has a fifty day simple moving average of $14.84 and a two-hundred day simple moving average of $15.03. TELUS Co. has a 52 week low of $13.24 and a 52 week high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. Equities research analysts predict that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were paid 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 7.90%. TELUS's dividend payout ratio is 226.53%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on TU. 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 report on Friday, December 13th. Morgan Stanley assumed coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating for the company. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Finally, Cormark cut shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold".

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.