TELUS Co. (NYSE:TU) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 18.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 850,048 shares of the Wireless communications provider's stock after selling 194,241 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of TELUS worth $14,264,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in shares of TELUS during the second quarter valued at $27,000. Blue Trust Inc. boosted its stake in shares of TELUS by 60.4% during the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider's stock valued at $41,000 after acquiring an additional 954 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of TELUS during the second quarter valued at $123,000. Trust Co. of Vermont boosted its stake in shares of TELUS by 19.0% during the third quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider's stock valued at $128,000 after acquiring an additional 1,218 shares during the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in shares of TELUS during the second quarter valued at $141,000. Institutional investors and hedge funds own 49.40% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Scotiabank raised TELUS from a "sector perform" rating to a "sector outperform" rating in a research note on Monday, October 28th. StockNews.com lowered TELUS from a "hold" rating to a "sell" rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.00.

TELUS Stock Down 0.3 %

Shares of NYSE:TU traded down $0.05 during mid-day trading on Friday, hitting $15.71. 2,923,053 shares of the company traded hands, compared to its average volume of 2,932,078. The firm has a market cap of $23.57 billion, a P/E ratio of 33.43, a PEG ratio of 2.26 and a beta of 0.73. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.01. The firm's 50 day simple moving average is $15.84 and its 200 day simple moving average is $16.01.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings data on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same period in the previous year, the business earned $0.19 EPS. TELUS's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, equities analysts anticipate that TELUS Co. will post 0.73 EPS for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a $0.297 dividend. This is a positive change from TELUS's previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 annualized dividend and a dividend yield of 7.56%. TELUS's dividend payout ratio (DPR) is presently 244.69%.

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.