Community Bank & Trust Waco Texas Has $450,000 Stake in TELUS Co. (NYSE:TU)

Community Bank & Trust Waco Texas boosted its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 82.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,283 shares of the Wireless communications provider’s stock after buying an additional 11,451 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in TELUS were worth $450,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TU. VisionPoint Advisory Group LLC increased its stake in TELUS by 80.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 739 shares during the period. Turtle Creek Wealth Advisors LLC bought a new position in shares of TELUS in the 4th quarter worth about $33,000. CVA Family Office LLC bought a new stake in TELUS in the 4th quarter valued at about $49,000. CWM LLC increased its position in TELUS by 104.3% in the 4th quarter. CWM LLC now owns 3,891 shares of the Wireless communications provider’s stock valued at $69,000 after buying an additional 1,986 shares in the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in TELUS during the 3rd quarter valued at about $172,000. 49.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

TELUS Stock Performance

TU stock traded up $0.15 during midday trading on Tuesday, reaching $16.22. 1,195,856 shares of the company’s stock traded hands, compared to its average volume of 2,473,287. The firm has a market capitalization of $23.94 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 1.94 and a beta of 0.72. TELUS Co. has a 52 week low of $15.35 and a 52 week high of $21.34. The company has a 50-day moving average price of $16.72 and a two-hundred day moving average price of $17.28. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.62 and a current ratio of 0.67.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Friday, February 9th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. TELUS had a net margin of 4.18% and a return on equity of 7.81%. The company had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.24 billion. During the same quarter in the prior year, the company earned $0.17 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. As a group, equities analysts anticipate that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 11th were issued a $0.2793 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from TELUS’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 6.89%. TELUS’s dividend payout ratio is 258.14%.

TELUS 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.