Dynamic Technology Lab Private Ltd Decreases Holdings in TELUS Co. (NYSE:TU)

Dynamic Technology Lab Private Ltd reduced its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 30.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 87,697 shares of the Wireless communications provider's stock after selling 38,364 shares during the period. Dynamic Technology Lab Private Ltd's holdings in TELUS were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 1832 Asset Management L.P. raised its position in shares of TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider's stock valued at $578,253,000 after purchasing an additional 2,365,753 shares during the period. Fiera Capital Corp raised its holdings in TELUS by 9.9% during the 2nd quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider's stock valued at $252,468,000 after acquiring an additional 1,501,742 shares during the period. TD Asset Management Inc lifted its position in shares of TELUS by 3.0% during the second quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider's stock worth $631,310,000 after acquiring an additional 1,208,720 shares in the last quarter. Toronto Dominion Bank boosted its holdings in shares of TELUS by 5.4% in the second quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider's stock worth $188,835,000 after acquiring an additional 636,845 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of TELUS by 2.6% in the first quarter. Vanguard Group Inc. now owns 23,436,455 shares of the Wireless communications provider's stock valued at $375,218,000 after purchasing an additional 602,440 shares in the last quarter. Institutional investors own 49.40% of the company's stock.

TELUS Price Performance

Shares of NYSE:TU traded down $0.26 on Tuesday, hitting $15.22. The company's stock had a trading volume of 3,091,045 shares, compared to its average volume of 2,321,431. TELUS Co. has a 1 year low of $14.63 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63. The company has a market capitalization of $22.83 billion, a PE ratio of 32.38, a PEG ratio of 2.19 and a beta of 0.75. The company has a 50-day simple moving average of $16.02 and a 200 day simple moving average of $16.05.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating 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 business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period last year, the firm posted $0.19 earnings per share. TELUS's quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts forecast 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. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This is an increase from TELUS's previous quarterly dividend of $0.28. This represents a $1.19 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS's payout ratio is currently 244.69%.

Wall Street Analyst Weigh In

TU has been the topic of a number of recent research reports. StockNews.com cut TELUS from a "hold" rating to a "sell" rating in a report on Thursday, November 21st. Canaccord Genuity Group lowered shares of TELUS from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Finally, Scotiabank raised shares of TELUS from a "sector perform" rating to a "sector outperform" rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, TELUS currently has an average rating of "Hold" and an average price target of $26.00.

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.