TELUS Co. (NYSE:TU) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its position in shares of TELUS Co. (NYSE:TUFree Report) (TSE:T) by 2.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,363,180 shares of the Wireless communications provider’s stock after selling 34,194 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.09% of TELUS worth $21,822,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of TU. VisionPoint Advisory Group LLC increased its holdings in TELUS by 80.8% during 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 during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in TELUS during the 4th quarter worth about $33,000. Gulf International Bank UK Ltd increased its holdings in TELUS by 39.8% during the 1st quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 784 shares during the period. CVA Family Office LLC purchased a new stake in TELUS during the 4th quarter worth about $49,000. Finally, CWM LLC increased its holdings in TELUS by 104.3% during the 4th quarter. CWM LLC now owns 3,891 shares of the Wireless communications provider’s stock worth $69,000 after purchasing an additional 1,986 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Trading Up 0.9 %

NYSE:TU opened at $15.42 on Tuesday. The stock’s 50 day moving average price is $16.03 and its 200 day moving average price is $16.77. The company has a market capitalization of $22.75 billion, a PE ratio of 39.53, a P/E/G ratio of 2.21 and a beta of 0.73. The company has a quick ratio of 0.70, a current ratio of 0.75 and a debt-to-equity ratio of 1.42. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.51.

TELUS (NYSE:TUGet Free Report) (TSE:T) last released its quarterly earnings results on Thursday, May 9th. The Wireless communications provider reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The firm had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.73 billion. TELUS had a return on equity of 7.90% and a net margin of 3.73%. On average, research analysts anticipate that TELUS Co. will post 0.75 EPS for the current year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Monday, June 10th were paid a dividend of $0.282 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Monday, June 10th. This is an increase from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio (DPR) is currently 289.75%.

Analyst Ratings Changes

Several equities research analysts have weighed in on TU shares. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a report on Friday, June 14th. Scotiabank reiterated a “sector perform” rating and issued a $26.00 price objective (down previously from $28.00) on shares of TELUS in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.72.

Get Our Latest Stock Analysis on TELUS

TELUS Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for TELUS (NYSE:TU)

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