TELUS Corporation (TU) Shares Bought by Sei Investments Co.
Sei Investments Co. increased its stake in TELUS Corporation (NYSE:TU) (TSE:T) by 0.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,490 shares of the Wireless communications provider’s stock after buying an additional 121 shares during the period. Sei Investments Co. owned approximately 0.06% of TELUS Corporation worth $12,841,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Mckinley Capital Management LLC Delaware bought a new position in shares of TELUS Corporation during the first quarter valued at about $193,000. Korea Investment CORP bought a new position in shares of TELUS Corporation during the first quarter valued at about $156,000. Perkins Coie Trust Co bought a new position in shares of TELUS Corporation during the second quarter valued at about $173,000. Kassirer Asset Management Corp acquired a new position in TELUS Corporation during the second quarter worth $209,000. Finally, ING Groep NV acquired a new position in TELUS Corporation during the first quarter worth $212,000. 52.66% of the stock is currently owned by institutional investors and hedge funds.
TELUS Corporation (TU) traded up 0.14% on Friday, hitting $35.38. 337,419 shares of the company were exchanged. The company has a 50 day moving average price of $35.57 and a 200-day moving average price of $33.76. The stock has a market capitalization of $21.02 billion, a P/E ratio of 21.51 and a beta of 0.89. TELUS Corporation has a 52 week low of $30.31 and a 52 week high of $36.77.
TELUS Corporation (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by $0.05. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.26 billion. TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, equities analysts expect that TELUS Corporation will post $2.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 8th will be paid a $0.3884 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, September 7th. TELUS Corporation’s payout ratio is 92.41%.
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A number of research analysts have weighed in on the stock. BidaskClub raised shares of TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Barclays PLC raised their price objective on shares of TELUS Corporation from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets raised their price target on shares of TELUS Corporation from $46.00 to $47.00 and gave the company an “outperform” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of TELUS Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Canaccord Genuity reissued a “buy” rating and set a $47.00 price target on shares of TELUS Corporation in a research report on Monday, May 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $43.50.
TELUS Corporation Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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