Sanctuary Advisors LLC Acquires Shares of 35,092 TELUS Co. (NYSE:TU)

Sanctuary Advisors LLC bought a new stake in TELUS Co. (NYSE:TU - Free Report) TSE: T during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 35,092 shares of the Wireless communications provider's stock, valued at approximately $512,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Public Sector Pension Investment Board raised its holdings 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 purchasing an additional 1,500 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 1,951 shares during the period. Northwest & Ethical Investments L.P. boosted its stake in TELUS by 0.5% in the 3rd 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 last quarter. Crossmark Global Holdings Inc. increased its stake in TELUS by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings 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 purchasing an additional 2,964 shares during the period. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analyst Weigh In

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

TELUS Price Performance

Shares of NYSE:TU traded down $0.02 on Wednesday, reaching $15.38. 3,225,104 shares of the company traded hands, compared to its average volume of 2,660,866. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.77. The company's 50 day moving average is $14.50 and its 200-day moving average is $15.37. The stock has a market capitalization of $23.06 billion, a PE ratio of 31.38, a P/E/G ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

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, beating 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 the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. As a group, analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.2829 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.36%. TELUS's dividend payout ratio (DPR) is presently 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.