TELUS Co. (NYSE:TU) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 188.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 135,825 shares of the Wireless communications provider's stock after acquiring an additional 88,771 shares during the quarter. BNP Paribas Financial Markets' holdings in TELUS were worth $2,279,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TU. Fairscale Capital LLC acquired a new position in shares of TELUS during the 2nd quarter valued at about $27,000. Blue Trust Inc. increased its position in TELUS by 60.4% during the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock worth $41,000 after purchasing an additional 954 shares during the last quarter. Trust Co. of Vermont raised its stake in TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock worth $128,000 after purchasing an additional 1,218 shares during the period. Acadian Asset Management LLC acquired a new position in shares of TELUS in the 2nd quarter valued at $123,000. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of TELUS during the 2nd quarter worth $141,000. 49.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TU shares. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. StockNews.com lowered TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Down 0.3 %

NYSE TU traded down $0.05 on Friday, reaching $15.71. The company had a trading volume of 2,923,053 shares, compared to its average volume of 2,932,078. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. TELUS Co. has a 1 year low of $14.63 and a 1 year high of $19.01. The firm has a 50-day moving average of $15.86 and a 200-day moving average of $16.01. The firm has a market capitalization of $23.57 billion, a PE ratio of 33.45, a P/E/G ratio of 2.26 and a beta of 0.73.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.11. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same quarter in the previous year, the business posted $0.19 EPS. The firm's revenue was up 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a yield of 7.56%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's dividend payout ratio (DPR) is currently 244.69%.

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.