Have Insiders Sold TELUS Corporation (TSE:T) Shares Recently?

We'd be surprised if TELUS Corporation (TSE:T) shareholders haven't noticed that the Executive VP & CFO, Douglas French, recently sold CA$384k worth of stock at CA$25.58 per share. The eyebrow raising move amounted to a reduction of 14% in their holding.

Check out our latest analysis for TELUS

The Last 12 Months Of Insider Transactions At TELUS

Over the last year, we can see that the biggest insider purchase was by President of TELUS Business Solutions Navin Arora for CA$482k worth of shares, at about CA$25.44 per share. That implies that an insider found the current price of CA$25.50 per share to be enticing. Of course they may have changed their mind. But this suggests they are optimistic. If someone buys shares at well below current prices, it's a good sign on balance, but keep in mind they may no longer see value. The good news for TELUS share holders is that insiders were buying at near the current price.

In the last twelve months insiders purchased 61.71k shares for CA$1.4m. On the other hand they divested 26.68k shares, for CA$666k. Overall, TELUS insiders were net buyers during the last year. Their average price was about CA$22.67. These transactions show that insiders have confidence to invest their own money in the stock, albeit at slightly below the recent price. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

TELUS is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of TELUS

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. TELUS insiders own about CA$43m worth of shares. That equates to 0.1% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At TELUS Tell Us?

It's certainly positive to see the recent insider purchases. We also take confidence from the longer term picture of insider transactions. When combined with notable insider ownership, these factors suggest TELUS insiders are well aligned, and that they may think the share price is too low. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. For example, TELUS has 3 warning signs (and 1 which shouldn't be ignored) we think you should know about.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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