TELUS Corporation $TU Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in TELUS Corporation (NYSE:TU) (TSE:T) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,817,792 shares of the Wireless communications provider’s stock after acquiring an additional 151,241 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.12% of TELUS worth $26,069,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in TELUS by 71.9% in the first quarter. Farther Finance Advisors LLC now owns 2,321 shares of the Wireless communications provider’s stock valued at $33,000 after acquiring an additional 971 shares in the last quarter. NBC Securities Inc. grew its position in TELUS by 112,425.0% in the first quarter. NBC Securities Inc. now owns 4,501 shares of the Wireless communications provider’s stock valued at $64,000 after acquiring an additional 4,497 shares in the last quarter. Optiver Holding B.V. acquired a new stake in TELUS in the fourth quarter valued at approximately $120,000. Trust Co. of Vermont grew its position in TELUS by 10.5% in the first quarter. Trust Co. of Vermont now owns 8,423 shares of the Wireless communications provider’s stock valued at $121,000 after acquiring an additional 800 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in TELUS by 175.4% in the first quarter. TD Private Client Wealth LLC now owns 10,400 shares of the Wireless communications provider’s stock valued at $149,000 after acquiring an additional 6,624 shares in the last quarter. Institutional investors and hedge funds own 49.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of TELUS from $20.25 to $21.50 and gave the company a “hold” rating in a research report on Monday, May 12th. National Bankshares reiterated a “sector perform” rating on shares of TELUS in a research note on Monday, May 12th. Finally, Scotiabank reissued an “outperform” rating on shares of TELUS in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $21.50.

TELUS Stock Up 0.3%

TU stock opened at $16.5350 on Thursday. TELUS Corporation has a twelve month low of $13.24 and a twelve month high of $17.26. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $25.22 billion, a P/E ratio of 35.95, a PEG ratio of 4.79 and a beta of 0.73. The firm has a 50 day simple moving average of $16.21 and a 200-day simple moving average of $15.54.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, August 1st. The Wireless communications provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). TELUS had a return on equity of 9.10% and a net margin of 4.67%.The company had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.63 billion. During the same period in the previous year, the business posted $0.25 EPS. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. On average, equities research analysts predict that TELUS Corporation will post 0.71 earnings per share for the current fiscal year.

TELUS Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Wednesday, September 10th will be paid a dividend of $0.3019 per share. This represents a $1.21 annualized dividend and a yield of 7.3%. This is a boost from TELUS’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, September 10th. TELUS’s dividend payout ratio (DPR) is 263.04%.

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.