Barclays PLC grew its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 21.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 565,398 shares of the Wireless communications provider's stock after acquiring an additional 98,250 shares during the period. Barclays PLC's holdings in TELUS were worth $7,667,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Bank of Nova Scotia increased its position in TELUS by 28.3% during the fourth quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock worth $409,662,000 after buying an additional 6,659,564 shares during the last quarter. Norges Bank bought a new position in shares of TELUS during the 4th quarter worth approximately $70,212,000. Mufg Securities Canada LTD. increased its holdings in shares of TELUS by 68.9% during the 4th quarter. Mufg Securities Canada LTD. now owns 2,236,163 shares of the Wireless communications provider's stock worth $30,299,000 after acquiring an additional 912,277 shares during the last quarter. Vanguard Group Inc. raised its stake in TELUS by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,801,407 shares of the Wireless communications provider's stock valued at $349,841,000 after acquiring an additional 903,921 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in TELUS during the 4th quarter valued at $12,325,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages recently commented on TU. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on TELUS
TELUS Price Performance
TELUS stock opened at $15.09 on Thursday. The stock's fifty day moving average price is $14.87 and its two-hundred day moving average price is $14.92. The firm has a market cap of $22.85 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. TELUS Co. has a one year low of $13.24 and a one year high of $17.27.
TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, research analysts expect that TELUS Co. will post 0.71 EPS for the current fiscal year.
TELUS Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.2829 per share. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.50%. The ex-dividend date was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.
About TELUS
(
Free Report)
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.
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