TELUS Co. (NYSE:TU) Shares Purchased by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas raised its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 13.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 38,921 shares of the Wireless communications provider’s stock after acquiring an additional 4,707 shares during the period. Community Bank & Trust Waco Texas’ holdings in TELUS were worth $653,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in TU. Fairscale Capital LLC acquired a new position in TELUS in the second quarter valued at $27,000. Blue Trust Inc. grew its holdings in TELUS by 60.4% in the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after buying an additional 954 shares during the period. UniSuper Management Pty Ltd acquired a new position in shares of TELUS during the 1st quarter valued at about $58,000. Acadian Asset Management LLC acquired a new stake in shares of TELUS in the second quarter worth approximately $123,000. Finally, Trust Co. of Vermont grew its stake in shares of TELUS by 19.0% during the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after buying an additional 1,218 shares during the period. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Wall Street Analyst Weigh In

TU has been the subject of a number of research analyst reports. Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Scotiabank raised shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Finally, StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, TELUS presently has an average rating of “Hold” and an average price target of $26.00.

TELUS Price Performance

TU opened at $15.69 on Wednesday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.61 and a current ratio of 0.69. TELUS Co. has a 1-year low of $14.63 and a 1-year high of $19.14. The company has a 50-day moving average of $16.32 and a 200-day moving average of $16.12. The company has a market capitalization of $23.40 billion, a P/E ratio of 33.37, a PEG ratio of 2.41 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.11. The firm had revenue of $5.10 billion during 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 firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 earnings per share. Equities analysts expect that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.297 per share. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 annualized dividend and a dividend yield of 7.57%. This is a positive change from TELUS’s previous quarterly dividend of $0.28. TELUS’s dividend payout ratio is currently 244.69%.

TELUS Company 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.