TELUS Co. (NYSE:TU) Stake Lessened by Quantinno Capital Management LP

Quantinno Capital Management LP decreased its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 1.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 64,772 shares of the Wireless communications provider’s stock after selling 765 shares during the quarter. Quantinno Capital Management LP’s holdings in TELUS were worth $1,088,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Cetera Advisors LLC purchased a new position in TELUS during the first quarter valued at approximately $213,000. Blue Trust Inc. grew its holdings in shares of TELUS by 60.4% during the 2nd 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 in the last quarter. Nexus Investment Management ULC increased its stake in shares of TELUS by 19.7% in the second quarter. Nexus Investment Management ULC now owns 2,204,895 shares of the Wireless communications provider’s stock worth $33,357,000 after acquiring an additional 363,077 shares during the last quarter. Unique Wealth Strategies LLC purchased a new stake in shares of TELUS during the second quarter worth $141,000. Finally, Gold Investment Management Ltd. boosted its position in TELUS by 0.7% during the second quarter. Gold Investment Management Ltd. now owns 93,275 shares of the Wireless communications provider’s stock valued at $1,412,000 after purchasing an additional 641 shares during the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TU has been the subject of a number of recent research reports. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, TELUS presently has an average rating of “Hold” and a consensus price target of $26.00.

TELUS Price Performance

NYSE TU opened at $14.76 on Friday. The firm has a market cap of $22.13 billion, a P/E ratio of 31.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. The stock’s 50-day moving average is $15.77 and its two-hundred day moving average is $15.99. TELUS Co. has a fifty-two week low of $14.63 and a fifty-two week high of $18.68. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.69 and a quick ratio of 0.63.

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

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a dividend of $0.297 per share. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 8.05%. The ex-dividend date is Wednesday, December 11th. TELUS’s dividend payout ratio is currently 253.19%.

TELUS Company 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.