TELUS Co. (NYSE:TU) Shares Purchased by Fmr LLC

Fmr LLC raised its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 192.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,326,632 shares of the Wireless communications provider’s stock after purchasing an additional 872,235 shares during the quarter. Fmr LLC owned 0.09% of TELUS worth $22,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Mirabella Financial Services LLP purchased a new stake in TELUS in the third quarter valued at $4,521,000. Cerity Partners LLC boosted its holdings in TELUS by 7.5% in the third quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider’s stock valued at $710,000 after purchasing an additional 2,964 shares during the last quarter. Citigroup Inc. boosted its holdings in TELUS by 15.4% in the third quarter. Citigroup Inc. now owns 390,486 shares of the Wireless communications provider’s stock valued at $6,558,000 after purchasing an additional 52,105 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in TELUS by 21.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,515,242 shares of the Wireless communications provider’s stock valued at $25,447,000 after purchasing an additional 264,055 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in TELUS by 8.9% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 3,233,944 shares of the Wireless communications provider’s stock valued at $54,249,000 after purchasing an additional 263,774 shares during the last quarter. 49.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

TELUS Trading Up 0.2 %

TU stock opened at $15.75 on Tuesday. The firm has a market cap of $23.62 billion, a P/E ratio of 33.50, a PEG ratio of 2.26 and a beta of 0.73. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $18.68. The company’s 50-day simple moving average is $15.82 and its 200-day simple moving average is $16.00. The company has a quick ratio of 0.63, a current ratio of 0.69 and a debt-to-equity ratio of 1.50.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results 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 firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. TELUS’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. As a group, equities analysts forecast that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Wednesday, December 11th will be issued a $0.297 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date is Wednesday, December 11th. This represents a $1.19 dividend on an annualized basis and a yield of 7.55%. TELUS’s dividend payout ratio is presently 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.