APG Asset Management N.V. boosted its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 14.9% during the 2nd quarter, Holdings Channel reports. The fund owned 2,079,420 shares of the Wireless communications provider’s stock after acquiring an additional 270,400 shares during the quarter. APG Asset Management N.V.’s holdings in TELUS were worth $67,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of TELUS during the 1st quarter valued at $54,000. Lindbrook Capital LLC acquired a new position in shares of TELUS during the 2nd quarter valued at $68,000. Aperio Group LLC acquired a new position in shares of TELUS during the 2nd quarter valued at $116,000. Neuburgh Advisers LLC increased its position in shares of TELUS by 13.2% during the 2nd quarter. Neuburgh Advisers LLC now owns 3,152 shares of the Wireless communications provider’s stock valued at $112,000 after purchasing an additional 368 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of TELUS by 8.6% during the 2nd quarter. Wells Fargo & Company MN now owns 3,956 shares of the Wireless communications provider’s stock valued at $146,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 54.42% of the company’s stock.
Shares of NYSE TU opened at $36.69 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.71 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $21.92 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 2.08 and a beta of 0.69. The stock’s fifty day simple moving average is $36.11 and its 200 day simple moving average is $36.63. TELUS Co. has a 52-week low of $32.46 and a 52-week high of $38.32.
TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.69 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%. As a group, analysts anticipate that TELUS Co. will post 2.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th will be issued a $0.426 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 4.64%. This is a boost from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date is Monday, September 9th. TELUS’s payout ratio is presently 78.97%.
Several equities analysts have recently issued reports on TU shares. Canaccord Genuity cut TELUS from a “buy” rating to a “hold” rating in a research report on Monday, July 22nd. Citigroup cut TELUS from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.00.
TELUS Company Profile
TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.
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