TELUS Co. (NYSE:TU) Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC reduced its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 12.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,668 shares of the Wireless communications provider’s stock after selling 2,273 shares during the period. Beverly Hills Private Wealth LLC’s holdings in TELUS were worth $279,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TU. Advisor Group Holdings Inc. boosted its stake in shares of TELUS by 60.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 14,694 shares of the Wireless communications provider’s stock worth $260,000 after purchasing an additional 5,560 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in shares of TELUS by 36.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,093 shares of the Wireless communications provider’s stock worth $761,000 after acquiring an additional 7,737 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of TELUS by 59.3% in the first quarter. PNC Financial Services Group Inc. now owns 5,666 shares of the Wireless communications provider’s stock worth $148,000 after acquiring an additional 2,109 shares during the last quarter. Aviva PLC boosted its position in shares of TELUS by 156.0% in the first quarter. Aviva PLC now owns 479,131 shares of the Wireless communications provider’s stock worth $12,536,000 after acquiring an additional 291,979 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in shares of TELUS in the first quarter worth approximately $206,000. 49.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TU shares. JPMorgan Chase & Co. cut shares of TELUS from an “overweight” rating to a “neutral” rating in a research report on Thursday, January 4th. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th. BMO Capital Markets decreased their target price on shares of TELUS from $27.00 to $26.00 and set an “outperform” rating on the stock in a research report on Monday, February 12th. Finally, Scotiabank reissued a “sector perform” rating and issued a $26.00 target price (down from $28.00) on shares of TELUS in a research report on Monday, March 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.72.

TELUS Trading Down 0.5 %

Shares of TU stock opened at $15.77 on Tuesday. The stock has a market cap of $23.27 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 1.91 and a beta of 0.72. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. TELUS Co. has a fifty-two week low of $15.47 and a fifty-two week high of $21.34. The firm’s 50 day moving average price is $16.88 and its two-hundred day moving average price is $17.28.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.24 billion. TELUS had a net margin of 4.18% and a return on equity of 7.81%. TELUS’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 earnings per share. On average, analysts anticipate that TELUS Co. will post 0.77 EPS for the current year.

TELUS Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were given a dividend of $0.2793 per share. This represents a $1.12 dividend on an annualized basis and a yield of 7.09%. This is a boost from TELUS’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, March 8th. TELUS’s payout ratio is 258.14%.

About TELUS

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.