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

Community Bank & Trust Waco Texas increased its position in TELUS Co. (NYSE:TU) (TSE:T) by 15.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,909 shares of the Wireless communications provider’s stock after acquiring an additional 5,988 shares during the period. Community Bank & Trust Waco Texas’ holdings in TELUS were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock worth $7,839,000 after acquiring an additional 129,934 shares during the last quarter. Ontario Teachers Pension Plan Board raised its stake in shares of TELUS by 159.6% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider’s stock valued at $2,360,000 after buying an additional 86,393 shares during the last quarter. FMR LLC raised its stake in shares of TELUS by 192.0% during the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after buying an additional 872,235 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of TELUS during the 3rd quarter valued at about $945,000. Finally, Nicola Wealth Management LTD. raised its stake in shares of TELUS by 35.7% during the 3rd quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider’s stock valued at $17,801,000 after buying an additional 279,000 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company’s stock.

TELUS Price Performance

Shares of TELUS stock opened at $14.48 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $18.16. The business has a 50-day moving average price of $14.30 and a 200 day moving average price of $15.48. The firm has a market cap of $21.71 billion, a PE ratio of 30.80, a P/E/G ratio of 4.85 and a beta of 0.75.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business earned $0.19 EPS. TELUS’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts predict that TELUS Co. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TU has been the subject of a number of recent research reports. National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Morgan Stanley initiated coverage on TELUS in a research note on Monday, December 16th. They set an “equal weight” rating for the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Scotiabank upgraded TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $26.00.

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.