Commerzbank Aktiengesellschaft FI increased its stake in TELUS Corporation (NYSE:TU) (TSE:T) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,023 shares of the company’s stock after buying an additional 6,382 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in TELUS Corporation were worth $1,498,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. DekaBank Deutsche Girozentrale increased its stake in shares of TELUS Corporation by 19.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 429,300 shares of the company’s stock worth $14,107,000 after buying an additional 69,000 shares during the last quarter. CIBC World Markets Inc. increased its stake in shares of TELUS Corporation by 0.3% in the third quarter. CIBC World Markets Inc. now owns 10,143,281 shares of the company’s stock valued at $334,728,000 after buying an additional 34,337 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of TELUS Corporation by 1.9% in the third quarter. UBS Asset Management Americas Inc. now owns 826,340 shares of the company’s stock valued at $27,218,000 after buying an additional 15,082 shares in the last quarter. USS Investment Management Ltd increased its stake in shares of TELUS Corporation by 0.7% in the second quarter. USS Investment Management Ltd now owns 2,779,260 shares of the company’s stock valued at $89,000,000 after buying an additional 18,488 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its stake in shares of TELUS Corporation by 10.9% in the third quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,290,800 shares of the company’s stock valued at $99,169,000 after buying an additional 225,200 shares in the last quarter. 54.15% of the stock is owned by institutional investors and hedge funds.
Shares of TELUS Corporation (NYSE:TU) traded down 0.64% during trading on Tuesday, reaching $32.75. 86,477 shares of the company traded hands. The stock has a market capitalization of $19.36 billion, a P/E ratio of 20.89 and a beta of 0.89. The firm’s 50 day moving average is $33.03 and its 200-day moving average is $32.53. TELUS Corporation has a 12-month low of $27.75 and a 12-month high of $34.12.
TELUS Corporation (NYSE:TU) last issued its quarterly earnings data on Thursday, February 9th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.04. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. TELUS Corporation had a net margin of 9.58% and a return on equity of 19.03%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.34 EPS. On average, equities research analysts anticipate that TELUS Corporation will post $2.05 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Friday, March 10th will be given a dividend of $0.3668 per share. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.47 dividend on an annualized basis and a yield of 4.45%. TELUS Corporation’s dividend payout ratio (DPR) is 91.67%.
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TU has been the subject of several research reports. Zacks Investment Research downgraded TELUS Corporation from a “buy” rating to a “sell” rating in a research note on Monday, January 9th. Canaccord Genuity upgraded TELUS Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. TheStreet downgraded TELUS Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 31st. National Bank Financial upgraded TELUS Corporation from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 7th. Finally, BMO Capital Markets restated a “hold” rating on shares of TELUS Corporation in a research note on Monday, November 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.
TELUS Corporation Company Profile
TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.
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