Vanguard Group Inc. Has $349.84 Million Stock Holdings in TELUS Co. (NYSE:TU)

Vanguard Group Inc. boosted its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,801,407 shares of the Wireless communications provider's stock after purchasing an additional 903,921 shares during the period. Vanguard Group Inc. owned about 1.72% of TELUS worth $349,841,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in TU. LPL Financial LLC lifted its holdings in shares of TELUS by 2.7% during the fourth quarter. LPL Financial LLC now owns 279,527 shares of the Wireless communications provider's stock worth $3,790,000 after purchasing an additional 7,447 shares during the period. Guardian Partners Inc. acquired a new position in TELUS during the 4th quarter worth about $12,325,000. Hillsdale Investment Management Inc. grew its position in shares of TELUS by 7.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock valued at $294,000 after buying an additional 1,500 shares during the last quarter. American Century Companies Inc. increased its position in shares of TELUS by 4.6% during the fourth quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock worth $1,623,000 after buying an additional 5,286 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of TELUS during the 4th quarter valued at about $781,000. Institutional investors and hedge funds own 49.40% of the company's stock.

Wall Street Analysts Forecast Growth

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

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TELUS Stock Up 4.0 %

TU opened at $14.55 on Friday. The firm has a market capitalization of $22.03 billion, a P/E ratio of 29.70, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. 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 company has a fifty day moving average price of $14.89 and a 200-day moving average price of $15.14. TELUS Co. has a one year low of $13.24 and a one year high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the company earned $0.10 EPS. Equities research analysts expect that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The firm 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. This represents a $1.13 annualized dividend and a yield of 7.77%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is currently 226.53%.

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.

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