60,000 Shares in TELUS Corporation $TU Purchased by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd bought a new position in TELUS Corporation (NYSE:TU) (TSE:T) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 60,000 shares of the Wireless communications provider’s stock, valued at approximately $790,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Trust Advisors LP raised its holdings in shares of TELUS by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 7,478,636 shares of the Wireless communications provider’s stock worth $117,922,000 after acquiring an additional 743,471 shares during the last quarter. Harvest Portfolios Group Inc. raised its holdings in shares of TELUS by 108.8% in the 3rd quarter. Harvest Portfolios Group Inc. now owns 423,285 shares of the Wireless communications provider’s stock worth $6,667,000 after acquiring an additional 220,552 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of TELUS by 4.6% in the 3rd quarter. Vanguard Group Inc. now owns 28,553,587 shares of the Wireless communications provider’s stock worth $449,748,000 after acquiring an additional 1,255,029 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of TELUS by 1.5% in the 3rd quarter. TD Asset Management Inc now owns 36,863,219 shares of the Wireless communications provider’s stock worth $580,740,000 after acquiring an additional 550,574 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in shares of TELUS by 10.7% in the 3rd quarter. Fiera Capital Corp now owns 17,867,796 shares of the Wireless communications provider’s stock worth $281,326,000 after acquiring an additional 1,725,982 shares during the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of TELUS from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Canaccord Genuity Group downgraded shares of TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Finally, TD Cowen raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $16.33.

TELUS Trading Down 1.1%

Shares of TU stock opened at $11.68 on Thursday. TELUS Corporation has a 52-week low of $11.61 and a 52-week high of $16.74. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.63 and a current ratio of 0.67. The company has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $13.00. The company has a market capitalization of $18.38 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 11.61 and a beta of 0.61.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01. TELUS had a net margin of 4.54% and a return on equity of 8.29%. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same period in the prior year, the firm posted $0.26 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Research analysts anticipate that TELUS Corporation will post 0.71 EPS for the current fiscal year.

TELUS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.4184 per share. This represents a $1.67 dividend on an annualized basis and a dividend yield of 14.3%. The ex-dividend date of this dividend is Wednesday, June 10th. TELUS’s dividend payout ratio is currently 275.00%.

TELUS Company 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.