TELUS Co. (NYSE:TU) Shares Purchased by Groupama Asset Managment

Groupama Asset Managment lifted its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 684.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 66,966 shares of the Wireless communications provider's stock after buying an additional 58,429 shares during the period. Groupama Asset Managment's holdings in TELUS were worth $908,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI increased its holdings in TELUS by 24.2% in the third quarter. National Bank of Canada FI now owns 26,160,789 shares of the Wireless communications provider's stock valued at $438,922,000 after buying an additional 5,094,269 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of TELUS by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 25,801,407 shares of the Wireless communications provider's stock worth $349,841,000 after acquiring an additional 903,921 shares during the period. Janus Henderson Group PLC increased its stake in TELUS by 0.7% in the 3rd quarter. Janus Henderson Group PLC now owns 6,701,819 shares of the Wireless communications provider's stock valued at $112,610,000 after purchasing an additional 49,088 shares in the last quarter. Norges Bank acquired a new position in TELUS during the fourth quarter worth $70,212,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its position in TELUS by 5.2% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,403,521 shares of the Wireless communications provider's stock worth $46,088,000 after purchasing an additional 169,577 shares in the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

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TELUS Trading Down 2.2 %

NYSE:TU traded down $0.33 during trading hours on Monday, reaching $14.14. 2,736,711 shares of the company were exchanged, compared to its average volume of 2,764,063. The firm has a market cap of $21.40 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 5.18 and a beta of 0.70. The stock has a 50 day simple moving average of $14.89 and a 200 day simple moving average of $15.10. TELUS Co. has a 52-week low of $13.24 and a 52-week high of $17.27. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate 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 net margin of 4.85% and a return on equity of 9.07%. During the same quarter in the previous year, the business posted $0.10 EPS. As a group, analysts predict that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were issued a $0.2829 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.13 dividend on an annualized basis and a yield of 8.00%. TELUS's dividend payout ratio is currently 226.53%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of TELUS in a research report on Monday, December 16th. They issued an "equal weight" rating on the stock. Cormark lowered TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. National Bank Financial lowered shares of TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Finally, Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, TELUS currently has an average rating of "Hold".

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.