Campbell & CO Investment Adviser LLC Lowers Position in TELUS Corporation $TU

Campbell & CO Investment Adviser LLC trimmed its stake in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 90.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,711 shares of the Wireless communications provider’s stock after selling 279,960 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in TELUS were worth $484,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Parvin Asset Management LLC bought a new position in shares of TELUS during the 2nd quarter valued at about $27,000. Farther Finance Advisors LLC lifted its position in shares of TELUS by 35.0% in the third quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 759 shares in the last quarter. Blue Trust Inc. boosted its stake in TELUS by 26.1% during the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock valued at $52,000 after buying an additional 667 shares during the last quarter. CWM LLC grew its holdings in TELUS by 169.6% during the 2nd quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 2,301 shares in the last quarter. Finally, State of Wyoming bought a new stake in TELUS in the 2nd quarter worth approximately $61,000. 49.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TU shares. Citigroup upgraded TELUS to a “buy” rating in a research report on Thursday, December 4th. National Bank Financial upgraded shares of TELUS from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 19th. Canaccord Genuity Group upgraded shares of TELUS from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Natl Bk Canada upgraded shares of TELUS from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 25th. Finally, Barclays dropped their price target on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TELUS presently has an average rating of “Moderate Buy” and an average target price of $18.17.

TELUS Trading Up 1.9%

Shares of TU opened at $13.64 on Friday. The company’s fifty day simple moving average is $13.19 and its 200-day simple moving average is $14.91. The company has a market cap of $21.11 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.01 and a beta of 0.66. The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 1.47. TELUS Corporation has a twelve month low of $12.54 and a twelve month high of $16.74.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.02). TELUS had a return on equity of 8.76% and a net margin of 5.71%.The firm had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.77 billion. During the same period in the prior year, the firm posted $0.28 earnings per share. TELUS’s revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts expect that TELUS Corporation will post 0.71 EPS for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th were paid a dividend of $0.4184 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date of this dividend was Thursday, December 11th. TELUS’s payout ratio is currently 218.18%.

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.