Wellington Management Group LLP raised its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 52.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 390,142 shares of the Wireless communications provider's stock after acquiring an additional 133,636 shares during the period. Wellington Management Group LLP's holdings in TELUS were worth $5,287,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its stake in TELUS by 38.5% in the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock worth $7,839,000 after acquiring an additional 129,934 shares during the period. American Century Companies Inc. increased its holdings in shares of TELUS by 4.6% in the 4th quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock worth $1,623,000 after purchasing an additional 5,286 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc lifted its position in TELUS by 6.9% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock valued at $13,785,000 after purchasing an additional 65,940 shares during the period. Nexus Investment Management ULC boosted its position in TELUS by 1.8% in the fourth quarter. Nexus Investment Management ULC now owns 2,225,265 shares of the Wireless communications provider's stock worth $30,103,000 after purchasing an additional 38,450 shares during the last quarter. Finally, Centre Asset Management LLC bought a new stake in shares of TELUS during the 4th quarter valued at $6,946,000. 49.40% of the stock is currently owned by hedge funds and other institutional investors.
TELUS Trading Up 1.4 %
Shares of NYSE:TU traded up $0.21 during trading on Wednesday, reaching $14.86. 352,570 shares of the company were exchanged, compared to its average volume of 2,842,386. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The business's fifty day simple moving average is $14.84 and its 200-day simple moving average is $14.97. The firm has a market capitalization of $22.49 billion, a PE ratio of 30.32, a P/E/G ratio of 5.18 and a beta of 0.70. TELUS Co. has a 12-month low of $13.24 and a 12-month 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The company had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter last year, the company earned $0.10 earnings per share. On average, research analysts anticipate 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. Stockholders of record on Tuesday, March 11th were issued a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.62%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio is presently 226.53%.
Wall Street Analysts Forecast Growth
A number of research firms have commented on TU. Cormark cut TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Finally, StockNews.com upgraded TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, TELUS has an average rating of "Hold".
Check Out Our Latest Stock Report on TU
About TELUS
(
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.
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