Sanctuary Advisors LLC Makes New $680,000 Investment in TELUS Co. (NYSE:TU)

Sanctuary Advisors LLC purchased a new stake in TELUS Co. (NYSE:TU - Free Report) TSE: T during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,362 shares of the Wireless communications provider's stock, valued at approximately $680,000.

Other large investors have also modified their holdings of the company. Canada Pension Plan Investment Board raised its stake in TELUS by 11.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,252,092 shares of the Wireless communications provider's stock valued at $20,050,000 after purchasing an additional 126,488 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of TELUS by 5.4% during the second quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider's stock valued at $188,835,000 after buying an additional 636,845 shares during the period. Vanguard Group Inc. boosted its position in TELUS by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 22,834,015 shares of the Wireless communications provider's stock worth $406,217,000 after acquiring an additional 1,044,988 shares during the last quarter. Van ECK Associates Corp purchased a new stake in TELUS in the 1st quarter worth approximately $1,991,000. Finally, Virtu Financial LLC acquired a new position in TELUS in the 4th quarter valued at $376,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TU has been the topic of several analyst reports. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a report on Friday, September 6th. Canaccord Genuity Group lowered TELUS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, TELUS currently has a consensus rating of "Hold" and an average target price of $26.00.

TELUS Trading Down 0.4 %

Shares of TU traded down $0.06 during mid-day trading on Monday, reaching $16.13. The company had a trading volume of 619,548 shares, compared to its average volume of 2,231,438. TELUS Co. has a fifty-two week low of $14.63 and a fifty-two week high of $19.14. The firm has a fifty day simple moving average of $16.42 and a 200-day simple moving average of $16.13. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 41.33, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.46.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.09. The firm had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.70 billion. TELUS had a return on equity of 8.50% and a net margin of 3.87%. During the same quarter last year, the firm earned $0.14 earnings per share. On average, sell-side analysts anticipate that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were given a $0.284 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 7.04%. This is a positive change from TELUS's previous quarterly dividend of $0.28. TELUS's dividend payout ratio is presently 294.87%.

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.