Cwm LLC Increases Holdings in TELUS Co. (NYSE:TU)

Cwm LLC increased its position in TELUS Co. (NYSE:TU) (TSE:T) by 104.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,891 shares of the Wireless communications provider’s stock after acquiring an additional 1,986 shares during the quarter. Cwm LLC’s holdings in TELUS were worth $69,000 at the end of the most recent reporting period.

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

TELUS Trading Down 0.2 %

Shares of TU stock opened at $16.40 on Thursday. TELUS Co. has a 1-year low of $15.35 and a 1-year high of $20.82. The firm’s 50-day simple moving average is $16.39 and its 200-day simple moving average is $17.25. The firm has a market cap of $24.20 billion, a P/E ratio of 38.13, a PEG ratio of 2.00 and a beta of 0.71. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.67 and a quick ratio of 0.62.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results 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. The company had revenue of $5.20 billion during the quarter, compared to analyst estimates of $5.24 billion. TELUS had a return on equity of 7.81% and a net margin of 4.18%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. As a group, equities analysts forecast that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a dividend of $0.2793 per share. This represents a $1.12 dividend on an annualized basis and a yield of 6.81%. This is a boost from TELUS’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 8th. TELUS’s payout ratio is 258.14%.

Analyst Upgrades and Downgrades

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

TELUS Profile

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.