Gold Investment Management Ltd. Lowers Stake in TELUS Co. (NYSE:TU)

Gold Investment Management Ltd. lessened its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,734 shares of the Wireless communications provider’s stock after selling 2,405 shares during the period. Gold Investment Management Ltd.’s holdings in TELUS were worth $1,203,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its position in shares of TELUS by 38.5% in the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock valued at $7,839,000 after buying an additional 129,934 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in TELUS by 159.6% during the third quarter. Ontario Teachers Pension Plan Board now owns 140,539 shares of the Wireless communications provider’s stock worth $2,360,000 after acquiring an additional 86,393 shares during the period. FMR LLC lifted its holdings in TELUS by 192.0% during the third quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after purchasing an additional 872,235 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of TELUS by 132.4% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider’s stock valued at $8,048,000 after purchasing an additional 273,368 shares during the period. Finally, Duff & Phelps Investment Management Co. grew its position in shares of TELUS by 13.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock valued at $44,785,000 after purchasing an additional 317,000 shares during the period. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on TU. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. National Bank Financial lowered TELUS from an “outperform” rating to a “sector perform” rating in a research note on Friday, December 13th. Morgan Stanley began coverage on TELUS in a research report on Monday, December 16th. They set an “equal weight” rating for the company. Finally, Cormark lowered TELUS from a “moderate buy” rating to a “hold” rating in a report on Tuesday, March 4th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, TELUS has a consensus rating of “Hold” and a consensus target price of $26.00.

TELUS Trading Down 0.0 %

TU opened at $15.00 on Monday. The firm has a market capitalization of $22.70 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 5.18 and a beta of 0.72. The company’s 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $15.34. TELUS Co. has a 1-year low of $13.24 and a 1-year high of $17.27. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $3.85 billion for the quarter, compared to the consensus estimate of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same quarter last year, the business posted $0.10 earnings per share. Analysts expect that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be issued a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS’s dividend payout ratio is currently 226.53%.

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.