Raymond James Financial Services Advisors Inc. Buys 237 Shares of TELUS Corporation (TU)

Raymond James Financial Services Advisors Inc. grew its stake in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 1.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,907 shares of the Wireless communications provider’s stock after purchasing an additional 237 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in TELUS Corporation were worth $860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Financial Counselors Inc. lifted its stake in shares of TELUS Corporation by 3.6% during the second quarter. Financial Counselors Inc. now owns 6,840 shares of the Wireless communications provider’s stock worth $236,000 after purchasing an additional 240 shares in the last quarter. Creative Planning lifted its stake in shares of TELUS Corporation by 2.9% during the second quarter. Creative Planning now owns 11,796 shares of the Wireless communications provider’s stock worth $407,000 after purchasing an additional 333 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in shares of TELUS Corporation by 0.4% during the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 148,508 shares of the Wireless communications provider’s stock worth $5,123,000 after purchasing an additional 605 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of TELUS Corporation by 6.4% during the second quarter. Janney Montgomery Scott LLC now owns 10,114 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 611 shares in the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of TELUS Corporation by 4.6% during the second quarter. NewSquare Capital LLC now owns 25,466 shares of the Wireless communications provider’s stock worth $879,000 after purchasing an additional 1,128 shares in the last quarter. Institutional investors own 50.56% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this report on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this report can be accessed at https://www.com-unik.info/2017/10/29/raymond-james-financial-services-advisors-inc-buys-237-shares-of-telus-corporation-tu.html.

TELUS Corporation (NYSE:TU) opened at 36.38 on Friday. TELUS Corporation has a 1-year low of $30.31 and a 1-year high of $37.26. The company has a 50 day moving average price of $36.06 and a 200 day moving average price of $34.94. The firm has a market cap of $21.61 billion, a PE ratio of 21.16 and a beta of 0.89.

TELUS Corporation (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.05). The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.26 billion. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. On average, equities research analysts forecast that TELUS Corporation will post $2.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 8th were given a $0.3884 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Thursday, September 7th. TELUS Corporation’s dividend payout ratio is currently 100.00%.

TU has been the topic of a number of recent research reports. Zacks Investment Research upgraded TELUS Corporation from a “hold” rating to a “buy” rating and set a $39.00 price objective on the stock in a research note on Friday, July 14th. Barclays PLC boosted their price target on TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, August 14th. BMO Capital Markets boosted their price target on TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. BidaskClub upgraded TELUS Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 5th. Finally, Scotiabank upgraded TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $43.50.

TELUS Corporation 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.

Institutional Ownership by Quarter for TELUS Corporation (NYSE:TU)

What are top analysts saying about TELUS Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TELUS Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit