42,362 Shares in TELUS Co. (NYSE:TU) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new stake in TELUS Co. (NYSE:TUFree Report) (TSE:T) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 42,362 shares of the Wireless communications provider’s stock, valued at approximately $680,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its holdings in shares of TELUS by 11.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 1,252,092 shares of the Wireless communications provider’s stock valued at $20,050,000 after buying an additional 126,488 shares during the period. Toronto Dominion Bank grew its stake in shares of TELUS by 5.4% in the second quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider’s stock worth $188,835,000 after acquiring an additional 636,845 shares in the last quarter. Vanguard Group Inc. increased its holdings in TELUS by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 22,834,015 shares of the Wireless communications provider’s stock worth $406,217,000 after purchasing an additional 1,044,988 shares during the period. Van ECK Associates Corp purchased a new stake in shares of TELUS during the first quarter worth approximately $1,991,000. Finally, Virtu Financial LLC purchased a new position in TELUS in the fourth quarter worth approximately $376,000. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TU shares. Canaccord Genuity Group downgraded TELUS from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.00.

Read Our Latest Analysis on TU

TELUS Stock Up 0.9 %

Shares of NYSE TU opened at $16.19 on Monday. The business has a 50-day moving average price of $16.42 and a 200 day moving average price of $16.13. The stock has a market cap of $23.90 billion, a PE ratio of 41.51, a price-to-earnings-growth ratio of 2.43 and a beta of 0.74. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.14.

TELUS (NYSE:TUGet Free Report) (TSE:T) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. TELUS had a net margin of 3.87% and a return on equity of 8.50%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same period last year, the firm posted $0.14 earnings per share. Equities research analysts forecast that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a dividend of $0.284 per share. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 7.02%. TELUS’s dividend payout ratio is 294.87%.

TELUS Company 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.

Further Reading

Institutional Ownership by Quarter for TELUS (NYSE:TU)

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