Cwm LLC Acquires 1,986 Shares of TELUS Co. (NYSE:TU)

Cwm LLC increased its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 104.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,891 shares of the Wireless communications provider’s stock after purchasing an additional 1,986 shares during the period. Cwm LLC’s holdings in TELUS were worth $69,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. VisionPoint Advisory Group LLC boosted its position in shares of TELUS by 80.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 739 shares in the last quarter. Ingalls & Snyder LLC increased its holdings in shares of TELUS by 5.8% during the fourth quarter. Ingalls & Snyder LLC now owns 18,180 shares of the Wireless communications provider’s stock valued at $323,000 after acquiring an additional 1,000 shares in the last quarter. Wrapmanager Inc. raised its position in shares of TELUS by 8.2% in the 3rd quarter. Wrapmanager Inc. now owns 14,438 shares of the Wireless communications provider’s stock valued at $236,000 after purchasing an additional 1,093 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in TELUS by 9.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 13,541 shares of the Wireless communications provider’s stock worth $221,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Pacifica Partners Inc. grew its position in TELUS by 1.8% during the 4th quarter. Pacifica Partners Inc. now owns 80,043 shares of the Wireless communications provider’s stock worth $1,491,000 after purchasing an additional 1,435 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on TU shares. Scotiabank reaffirmed a “sector perform” rating and issued a $26.00 price target (down previously from $28.00) on shares of TELUS in a report on Monday, March 25th. BMO Capital Markets lowered their price target on TELUS from $27.00 to $26.00 and set an “outperform” rating for the company in a research report on Monday, February 12th. Finally, StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.72.

TELUS Price Performance

NYSE:TU opened at $16.40 on Thursday. TELUS Co. has a one year low of $15.35 and a one year high of $20.82. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.62 and a current ratio of 0.67. The firm has a market cap of $24.20 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 2.00 and a beta of 0.71. The firm’s fifty day moving average is $16.39 and its two-hundred day moving average is $17.25.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, February 9th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.17 by $0.01. TELUS had a return on equity of 7.81% and a net margin of 4.18%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts expect that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were given a dividend of $0.2793 per share. This represents a $1.12 annualized dividend and a yield of 6.81%. The ex-dividend date was Friday, March 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.27. TELUS’s dividend payout ratio (DPR) is currently 258.14%.

About TELUS

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.