Montrusco Bolton Investments Inc. boosted its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 27.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,091,751 shares of the Wireless communications provider's stock after acquiring an additional 234,652 shares during the quarter. Montrusco Bolton Investments Inc. owned about 0.07% of TELUS worth $14,795,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI lifted its holdings in shares of TELUS by 24.2% in the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock valued at $438,922,000 after buying an additional 5,094,269 shares during the period. Fiera Capital Corp lifted its holdings in shares of TELUS by 1.3% in the 3rd quarter. Fiera Capital Corp now owns 16,882,528 shares of the Wireless communications provider's stock valued at $283,854,000 after buying an additional 211,815 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of TELUS by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider's stock valued at $112,610,000 after buying an additional 49,088 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in shares of TELUS by 8.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,233,944 shares of the Wireless communications provider's stock valued at $54,249,000 after buying an additional 263,774 shares during the period. Finally, Duff & Phelps Investment Management Co. lifted its holdings in shares of TELUS by 13.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock valued at $44,785,000 after buying an additional 317,000 shares during the period. Institutional investors and hedge funds own 49.40% of the company's stock.
TELUS Price Performance
NYSE:TU traded down $0.01 during trading hours on Friday, hitting $14.52. 4,370,268 shares of the stock were exchanged, compared to its average volume of 3,427,706. TELUS Co. has a 52-week low of $13.24 and a 52-week high of $18.20. The firm's fifty day moving average price is $14.38 and its 200 day moving average price is $15.53. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The company has a market cap of $21.77 billion, a P/E ratio of 30.88, a P/E/G ratio of 4.79 and a beta of 0.74.
TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the previous year, the business earned $0.19 EPS. TELUS's quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that TELUS Co. will post 0.72 EPS for the current fiscal year.
TELUS Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were given a $0.297 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.18%. TELUS's dividend payout ratio is 242.56%.
Wall Street Analyst Weigh In
TU has been the subject of a number of analyst reports. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a report on Friday, December 13th. Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Finally, StockNews.com cut TELUS from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $26.00.
View Our Latest Analysis on TELUS
TELUS 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.
Further Reading
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