TD Waterhouse Canada Inc. Boosts Stock Holdings in TELUS Corporation $TU

TD Waterhouse Canada Inc. lifted its position in TELUS Corporation (NYSE:TU) (TSE:T) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,557,626 shares of the Wireless communications provider’s stock after acquiring an additional 135,593 shares during the quarter. TELUS comprises approximately 1.2% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 21st largest holding. TD Waterhouse Canada Inc.’s holdings in TELUS were worth $183,133,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Parvin Asset Management LLC purchased a new position in TELUS during the second quarter worth about $27,000. Farther Finance Advisors LLC boosted its stake in shares of TELUS by 35.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,926 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 759 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of TELUS by 26.1% in the second quarter. Blue Trust Inc. now owns 3,227 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 667 shares in the last quarter. CWM LLC increased its position in shares of TELUS by 169.6% during the second quarter. CWM LLC now owns 3,658 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 2,301 shares during the last quarter. Finally, State of Wyoming bought a new stake in TELUS during the second quarter worth $61,000. 49.40% of the stock is owned by institutional investors.

TELUS Trading Up 0.8%

Shares of TU stock opened at $13.97 on Thursday. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.76 and a quick ratio of 0.71. The business has a 50-day moving average of $13.19 and a 200 day moving average of $14.82. The stock has a market capitalization of $21.63 billion, a PE ratio of 25.41, a P/E/G ratio of 2.08 and a beta of 0.66. TELUS Corporation has a 1-year low of $12.54 and a 1-year high of $16.74.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a return on equity of 8.76% and a net margin of 5.71%.The firm had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter in the prior year, the business posted $0.28 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that TELUS Corporation will post 0.71 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Thursday, December 11th were paid a $0.4184 dividend. The ex-dividend date of this dividend was Thursday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 annualized dividend and a dividend yield of 12.0%. TELUS’s payout ratio is 218.18%.

Analyst Ratings Changes

A number of research firms have recently commented on TU. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $19.00 target price (down from $22.00) on shares of TELUS in a research note on Tuesday, November 18th. Barclays decreased their target price on TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, November 10th. Canaccord Genuity Group raised shares of TELUS from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of TELUS in a report on Monday, December 29th. Finally, Natl Bk Canada raised shares of TELUS from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.17.

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.