Charles Schwab Investment Management Inc. Has $22.59 Million Holdings in TELUS Co. (NYSE:TU)

Charles Schwab Investment Management Inc. increased its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 10.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,666,551 shares of the Wireless communications provider's stock after acquiring an additional 151,309 shares during the period. Charles Schwab Investment Management Inc. owned about 0.11% of TELUS worth $22,585,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. National Bank of Canada FI lifted its stake in TELUS by 24.2% in the 3rd quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock worth $438,922,000 after acquiring an additional 5,094,269 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of TELUS by 0.7% during the 3rd quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider's stock worth $112,610,000 after purchasing an additional 49,088 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of TELUS by 8.9% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,233,944 shares of the Wireless communications provider's stock worth $54,249,000 after purchasing an additional 263,774 shares in the last quarter. Duff & Phelps Investment Management Co. raised its stake in shares of TELUS by 13.5% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock worth $44,785,000 after purchasing an additional 317,000 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of TELUS by 8.2% during the 3rd quarter. Geode Capital Management LLC now owns 2,335,660 shares of the Wireless communications provider's stock worth $40,238,000 after purchasing an additional 177,953 shares in the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

TU has been the subject of a number of recent research reports. Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a research note on Friday. Morgan Stanley initiated coverage on TELUS in a research note on Monday, December 16th. They set an "equal weight" rating for the company. National Bank Financial downgraded TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.00.

TELUS Stock Down 4.9 %

Shares of NYSE TU traded down $0.72 during mid-day trading on Friday, reaching $13.94. 5,821,011 shares of the company traded hands, compared to its average volume of 2,724,056. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The stock has a market cap of $21.10 billion, a PE ratio of 28.44, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The company's fifty day moving average is $14.84 and its two-hundred day moving average is $15.30. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 prior year, the firm posted $0.10 EPS. On average, analysts expect that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is currently 226.53%.

TELUS Company Profile

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.