Summerhill Capital Management lnc. lessened its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 97.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,400 shares of the Wireless communications provider's stock after selling 391,437 shares during the period. TELUS makes up approximately 0.1% of Summerhill Capital Management lnc.'s holdings, making the stock its 19th largest position. Summerhill Capital Management lnc.'s holdings in TELUS were worth $127,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TU. Versant Capital Management Inc grew its position in TELUS by 195,100.0% in 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 last quarter. Avior Wealth Management LLC grew its position in TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after buying an additional 4,548 shares in the last quarter. Blue Trust Inc. grew its position in TELUS by 58.0% during the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock worth $67,000 after buying an additional 1,468 shares in the last quarter. Triasima Portfolio Management inc. bought a new position in TELUS during the fourth quarter valued at about $146,000. Finally, Private Advisor Group LLC acquired a new position in TELUS in the 3rd quarter valued at approximately $187,000. Institutional investors own 49.40% of the company's stock.
TELUS Price Performance
TU stock traded up $0.10 during trading on Tuesday, hitting $15.73. The company had a trading volume of 3,918,814 shares, compared to its average volume of 3,773,890. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a fifty day moving average price of $14.25 and a two-hundred day moving average price of $15.40. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $18.00. The company has a market cap of $23.59 billion, a P/E ratio of 32.09, a P/E/G ratio of 5.18 and a beta of 0.75.
TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the firm earned $0.10 EPS. Equities research analysts expect that TELUS Co. will post 0.71 earnings per share for the current fiscal year.
TELUS Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th will be given 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 7.20%. TELUS's payout ratio is 224.49%.
Wall Street Analysts Forecast Growth
A number of brokerages recently commented on TU. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Morgan Stanley initiated coverage on shares of TELUS in a research note on Monday, December 16th. They issued an "equal weight" rating for the company. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Scotiabank raised shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. Four investment 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 an average rating of "Hold" and a consensus price target of $26.00.
Read Our Latest Stock Report on TELUS
TELUS Company 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.
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