Heathbridge Capital Management Ltd. decreased its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 809,700 shares of the Wireless communications provider's stock after selling 81,400 shares during the period. TELUS comprises about 5.2% of Heathbridge Capital Management Ltd.'s holdings, making the stock its 8th largest position. Heathbridge Capital Management Ltd. owned approximately 0.05% of TELUS worth $12,252,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also bought and sold shares of TU. Blue Trust Inc. increased its stake in TELUS by 60.4% in the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock valued at $41,000 after buying an additional 954 shares during the last quarter. Gulf International Bank UK Ltd increased its position in shares of TELUS by 39.8% during the first quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider's stock valued at $44,000 after acquiring an additional 784 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in TELUS during the first quarter worth $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in TELUS in the first quarter worth $71,000. Finally, Acadian Asset Management LLC bought a new position in TELUS in the 2nd quarter valued at $123,000. Institutional investors own 49.40% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on TU. StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research note on Friday, September 6th. Canaccord Genuity Group cut shares of TELUS from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.33.
Get Our Latest Stock Report on TU
TELUS Stock Performance
Shares of NYSE TU traded up $0.39 during trading on Thursday, reaching $16.97. 2,601,230 shares of the stock traded hands, compared to its average volume of 2,277,103. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market capitalization of $25.15 billion, a P/E ratio of 43.51, a price-to-earnings-growth ratio of 2.57 and a beta of 0.74. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.14. The company has a 50-day moving average of $16.07 and a 200-day moving average of $16.19.
TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.16 by $0.09. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.70 billion. TELUS had a net margin of 3.87% and a return on equity of 8.50%. During the same period in the prior year, the firm earned $0.14 earnings per share. Analysts forecast that TELUS Co. will post 0.73 EPS for the current fiscal year.
TELUS Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be paid a $0.284 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 6.69%. This is a positive change from TELUS's previous quarterly dividend of $0.28. The ex-dividend date is Tuesday, September 10th. TELUS's payout ratio is currently 292.32%.
TELUS Profile
(
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.
Further Reading
Before you consider TELUS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TELUS wasn't on the list.
While TELUS currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
