DORCHESTER WEALTH MANAGEMENT Co Has $2.61 Million Stock Holdings in TELUS Co. (NYSE:TU)

DORCHESTER WEALTH MANAGEMENT Co raised its holdings in TELUS Co. (NYSE:TU - Free Report) TSE: T by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 192,634 shares of the Wireless communications provider's stock after acquiring an additional 17,472 shares during the quarter. DORCHESTER WEALTH MANAGEMENT Co's holdings in TELUS were worth $2,609,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its stake in TELUS by 24.2% during 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 during the last quarter. FMR LLC boosted its position in shares of TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider's stock worth $22,257,000 after purchasing an additional 872,235 shares in the last quarter. Centre Asset Management LLC acquired a new position in shares of TELUS in the 4th quarter valued at $6,946,000. Duff & Phelps Investment Management Co. increased its position in shares of TELUS by 13.5% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider's stock valued at $44,785,000 after buying an additional 317,000 shares in the last quarter. Finally, Nicola Wealth Management LTD. raised its stake in TELUS by 35.7% during the 3rd quarter. Nicola Wealth Management LTD. now owns 1,060,819 shares of the Wireless communications provider's stock worth $17,801,000 after buying an additional 279,000 shares during the period. Institutional investors and hedge funds own 49.40% of the company's stock.

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TELUS Stock Down 0.4 %

Shares of NYSE:TU traded down $0.07 during mid-day trading on Wednesday, reaching $15.65. 4,823,213 shares of the stock were exchanged, compared to its average volume of 3,806,279. The stock's 50 day simple moving average is $14.29 and its 200-day simple moving average is $15.40. TELUS Co. has a one year low of $13.24 and a one year high of $17.77. The company has a market cap of $23.48 billion, a P/E ratio of 31.94, a P/E/G ratio of 5.18 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period last year, the business earned $0.10 EPS. As a group, equities research analysts predict that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a dividend of $0.2829 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 7.23%. TELUS's payout ratio is presently 224.49%.

Wall Street Analysts Forecast Growth

TU has been the subject of a number of research analyst reports. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. National Bank Financial cut TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. Finally, Morgan Stanley started coverage on shares of TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $26.00.

TELUS 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.