111 Capital Takes $804,000 Position in TELUS Corporation $TU

111 Capital acquired a new stake in TELUS Corporation (NYSE:TU) (TSE:T) in the 4th quarter, HoldingsChannel reports. The fund acquired 60,967 shares of the Wireless communications provider’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Flagship Harbor Advisors LLC acquired a new stake in TELUS in the fourth quarter valued at approximately $33,000. State of Wyoming acquired a new stake in TELUS in the second quarter valued at approximately $61,000. Employees Retirement System of Texas acquired a new stake in TELUS in the third quarter valued at approximately $64,000. Northwestern Mutual Wealth Management Co. raised its holdings in TELUS by 37.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,585 shares of the Wireless communications provider’s stock valued at $72,000 after acquiring an additional 1,241 shares in the last quarter. Finally, One Capital Management LLC acquired a new stake in TELUS in the fourth quarter valued at approximately $137,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Trading Up 0.4%

Shares of TU stock opened at $12.33 on Friday. The firm has a market capitalization of $19.40 billion, a P/E ratio of 28.01, a P/E/G ratio of 12.07 and a beta of 0.61. TELUS Corporation has a twelve month low of $11.69 and a twelve month high of $16.74. The stock’s fifty day simple moving average is $12.47 and its 200 day simple moving average is $13.08. The company has a quick ratio of 0.63, a current ratio of 0.67 and a debt-to-equity ratio of 1.59.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. TELUS had a return on equity of 8.29% and a net margin of 4.54%.The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that TELUS Corporation will post 0.71 EPS for the current fiscal year.

TELUS Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 10th will be issued a $0.4184 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.67 annualized dividend and a dividend yield of 13.6%. TELUS’s dividend payout ratio is currently 279.55%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TU. Scotiabank cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, April 10th. TD Cowen raised shares of TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Bank of America raised shares of TELUS from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $14.50 to $16.00 in a report on Tuesday, March 10th. Finally, Wall Street Zen raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TELUS presently has an average rating of “Hold” and a consensus target price of $16.33.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.