Ossiam Acquires 127,498 Shares of TELUS Co. (NYSE:TU)

Ossiam lifted its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 88.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 271,801 shares of the Wireless communications provider’s stock after acquiring an additional 127,498 shares during the period. Ossiam’s holdings in TELUS were worth $3,683,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TU. Maryland State Retirement & Pension System lifted its holdings in shares of TELUS by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider’s stock worth $1,197,000 after acquiring an additional 1,346 shares during the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of TELUS by 7.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider’s stock valued at $294,000 after buying an additional 1,500 shares during the period. Versant Capital Management Inc grew its stake in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider’s stock valued at $26,000 after buying an additional 1,951 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of TELUS by 3.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider’s stock worth $1,185,000 after buying an additional 2,840 shares during the period. Finally, Ingalls & Snyder LLC lifted its stake in shares of TELUS by 20.4% during the 4th quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider’s stock worth $312,000 after acquiring an additional 3,900 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on TU. Bank of America downgraded TELUS from a “buy” rating to a “neutral” rating in a research report on Friday, March 21st. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

TELUS Price Performance

Shares of TU opened at $15.00 on Friday. The company has a 50 day moving average price of $14.87 and a 200-day moving average price of $14.93. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The stock has a market capitalization of $22.70 billion, a PE ratio of 30.60, a PEG ratio of 5.18 and a beta of 0.70. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business earned $0.10 EPS. Equities analysts predict that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.2829 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date was Tuesday, March 11th. TELUS’s dividend payout ratio (DPR) is presently 226.53%.

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.