Community Bank & Trust Waco Texas Increases Stock Position in TELUS Co. (NYSE:TU)

Community Bank & Trust Waco Texas grew its stake in TELUS Co. (NYSE:TU) (TSE:T) by 13.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TU. Fairscale Capital LLC purchased a new stake in TELUS in the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 954 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of TELUS in the 1st quarter valued at about $58,000. Trust Co. of Vermont raised its holdings 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 purchasing an additional 1,218 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in TELUS in the second quarter valued at $123,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

TELUS Trading Down 0.3 %

Shares of TU stock opened at $15.69 on Wednesday. The business’s fifty day moving average price is $16.32 and its 200 day moving average price is $16.12. The firm has a market capitalization of $23.40 billion, a PE ratio of 33.37, a P/E/G ratio of 2.41 and a beta of 0.75. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.61. TELUS Co. has a 1-year low of $14.63 and a 1-year high of $19.14.

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, topping the consensus estimate of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the business posted $0.19 earnings per share. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, sell-side analysts forecast that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

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

Wall Street Analyst Weigh In

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

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.