Crossmark Global Holdings Inc. Purchases 2,840 Shares of TELUS Co. (NYSE:TU)

Crossmark Global Holdings Inc. lifted its position in TELUS Co. (NYSE:TU) (TSE:T) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,419 shares of the Wireless communications provider’s stock after acquiring an additional 2,840 shares during the period. Crossmark Global Holdings Inc.’s holdings in TELUS were worth $1,185,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TU. Barclays PLC raised its holdings in TELUS by 38.5% in the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock worth $7,839,000 after purchasing an additional 129,934 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of TELUS by 159.6% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider’s stock worth $2,360,000 after acquiring an additional 86,393 shares in the last quarter. FMR LLC lifted its position in TELUS by 192.0% during the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after acquiring an additional 872,235 shares during the period. Entropy Technologies LP bought a new stake in TELUS during the third quarter worth about $945,000. Finally, Nicola Wealth Management LTD. grew its holdings in TELUS by 35.7% in the third quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock worth $17,801,000 after purchasing an additional 279,000 shares during the period. Hedge funds and other institutional investors own 49.40% of the company’s stock.

Analyst Upgrades and Downgrades

TU has been the subject of several recent research reports. National Bank Financial lowered shares of TELUS from an “outperform” rating to a “sector perform” rating in a report on Friday, December 13th. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. StockNews.com cut TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. Finally, Morgan Stanley initiated coverage on TELUS in a research report on Monday, December 16th. They issued an “equal weight” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Trading Down 0.2 %

NYSE:TU opened at $14.13 on Friday. TELUS Co. has a one year low of $13.24 and a one year high of $18.35. The business has a fifty day moving average price of $14.49 and a 200-day moving average price of $15.57. The firm has a market capitalization of $21.19 billion, a price-to-earnings ratio of 30.05, a price-to-earnings-growth ratio of 4.69 and a beta of 0.74. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results 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 business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $3.69 billion. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.19 earnings per share. Sell-side analysts forecast that TELUS Co. will post 0.72 EPS for the current year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th were given a $0.297 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 dividend on an annualized basis and a dividend yield of 8.41%. The ex-dividend date of this dividend was Wednesday, December 11th. TELUS’s dividend payout ratio is presently 242.56%.

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.