60,000 Shares in TELUS Corporation $TU Bought by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd acquired a new position in TELUS Corporation (NYSE:TU) (TSE:T) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 60,000 shares of the Wireless communications provider’s stock, valued at approximately $790,000.

Several other institutional investors also recently modified their holdings of TU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TELUS by 1.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 779,692 shares of the Wireless communications provider’s stock worth $11,181,000 after purchasing an additional 11,900 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of TELUS by 1.9% in the second quarter. Cetera Investment Advisers now owns 46,099 shares of the Wireless communications provider’s stock worth $739,000 after purchasing an additional 841 shares during the last quarter. Legal & General Group Plc lifted its holdings in TELUS by 159.5% in the second quarter. Legal & General Group Plc now owns 37,274 shares of the Wireless communications provider’s stock valued at $597,000 after buying an additional 22,912 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in TELUS by 67.7% in the second quarter. EverSource Wealth Advisors LLC now owns 8,698 shares of the Wireless communications provider’s stock valued at $140,000 after buying an additional 3,510 shares during the period. Finally, Marshall Wace LLP acquired a new position in TELUS in the second quarter valued at $3,617,000. Institutional investors own 49.40% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TU. Canaccord Genuity Group lowered shares of TELUS from a “buy” rating to a “hold” rating in a report on Thursday, April 9th. TD Securities upgraded shares of TELUS from a “buy” rating to a “buy” rating in a report on Tuesday, April 28th. Weiss Ratings lowered shares of TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 20th. Wall Street Zen upgraded shares of TELUS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, TD Cowen upgraded shares of TELUS from a “hold” rating to a “buy” rating in a report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TELUS has an average rating of “Hold” and a consensus price target of $16.33.

TELUS Price Performance

Shares of NYSE TU opened at $11.68 on Thursday. The firm’s 50-day moving average price is $12.32 and its 200-day moving average price is $13.00. TELUS Corporation has a 1-year low of $11.61 and a 1-year high of $16.74. The firm has a market capitalization of $18.38 billion, a P/E ratio of 26.53, a P/E/G ratio of 11.61 and a beta of 0.61. The company has a current ratio of 0.67, a quick ratio of 0.63 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 for the quarter, beating the consensus estimate of $0.16 by $0.01. TELUS had a net margin of 4.54% and a return on equity of 8.29%. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the prior year, the business earned $0.26 earnings per share. The business’s quarterly revenue was down .6% compared to the same quarter last year. Equities research analysts anticipate that TELUS Corporation will post 0.71 earnings per share for the current fiscal year.

TELUS Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.4184 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.67 annualized dividend and a dividend yield of 14.3%. TELUS’s dividend payout ratio is currently 275.00%.

TELUS 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.