TELUS Co. (NYSE:TU) Shares Purchased by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas increased its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 82.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,283 shares of the Wireless communications provider’s stock after acquiring an additional 11,451 shares during the period. Community Bank & Trust Waco Texas’ holdings in TELUS were worth $450,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. VisionPoint Advisory Group LLC raised its position in TELUS by 80.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider’s stock valued at $27,000 after purchasing an additional 739 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new stake in TELUS in the 4th quarter valued at about $33,000. CVA Family Office LLC acquired a new stake in TELUS in the 4th quarter valued at about $49,000. CWM LLC raised its position in TELUS by 104.3% in the 4th quarter. CWM LLC now owns 3,891 shares of the Wireless communications provider’s stock valued at $69,000 after purchasing an additional 1,986 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new stake in TELUS in the 3rd quarter valued at about $172,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on TU shares. BMO Capital Markets dropped their price objective on TELUS from $27.00 to $26.00 and set an “outperform” rating on the stock in a report on Monday, February 12th. Scotiabank reissued a “sector perform” rating and issued a $26.00 price target (down from $28.00) on shares of TELUS in a report on Monday, March 25th. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. cut TELUS from an “overweight” rating to a “neutral” rating in a report on Thursday, January 4th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $27.72.

TELUS Trading Up 0.9 %

Shares of TELUS stock traded up $0.15 during mid-day trading on Tuesday, hitting $16.22. 1,195,856 shares of the stock were exchanged, compared to its average volume of 2,473,287. The company has a 50-day simple moving average of $16.72 and a 200 day simple moving average of $17.28. The company has a current ratio of 0.67, a quick ratio of 0.62 and a debt-to-equity ratio of 1.35. The stock has a market capitalization of $23.94 billion, a price-to-earnings ratio of 37.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.72. TELUS Co. has a twelve month low of $15.35 and a twelve month high of $21.34.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. TELUS had a return on equity of 7.81% and a net margin of 4.18%. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.24 billion. During the same period last year, the company earned $0.17 EPS. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. Research analysts forecast that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were paid a dividend of $0.2793 per share. This is an increase from TELUS’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 6.89%. The ex-dividend date of this dividend was Friday, March 8th. TELUS’s payout ratio 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.