TELUS Co. (NYSE:TU) Shares Purchased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. boosted its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,091,751 shares of the Wireless communications provider’s stock after buying an additional 234,652 shares during the period. Montrusco Bolton Investments Inc.’s holdings in TELUS were worth $14,795,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in shares of TELUS by 195,100.0% during the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Avior Wealth Management LLC raised its holdings in TELUS by 1,756.0% in the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 4,548 shares during the period. Blue Trust Inc. lifted its position in TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider’s stock valued at $67,000 after buying an additional 1,468 shares during the last quarter. Trust Co. of Vermont boosted its stake in TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock worth $128,000 after buying an additional 1,218 shares during the period. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in TELUS in the second quarter valued at approximately $163,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

TELUS Stock Performance

Shares of TELUS stock opened at $14.68 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The stock has a market capitalization of $22.01 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 4.69 and a beta of 0.74. TELUS Co. has a 12 month low of $13.24 and a 12 month high of $18.35. The firm’s fifty day simple moving average is $14.43 and its 200-day simple moving average is $15.55.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. As a group, equities analysts forecast that TELUS Co. will post 0.72 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th were issued a $0.297 dividend. This is a boost from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 8.10%. The ex-dividend date of this dividend was Wednesday, December 11th. TELUS’s dividend payout ratio (DPR) is currently 242.56%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TU. StockNews.com lowered TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. National Bank Financial cut TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Morgan Stanley started coverage on shares of TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. Finally, Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

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.