TELUS Co. (NYSE:TU) Shares Acquired by UBS Group AG

UBS Group AG lifted its position in shares of TELUS Co. (NYSE:TU – Get Rating) (TSE:T) by 788.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 353,202 shares of the Wireless communications provider’s stock after acquiring an additional 313,447 shares during the period. UBS Group AG’s holdings in TELUS were worth $6,820,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in TU. Pacifica Partners Inc. increased its position in TELUS by 76.8% in the fourth quarter. Pacifica Partners Inc. now owns 44,017 shares of the Wireless communications provider’s stock worth $865,000 after buying an additional 19,122 shares during the period. Pacer Advisors Inc. acquired a new position in shares of TELUS during the fourth quarter valued at $68,000. Metis Global Partners LLC increased its holdings in shares of TELUS by 116.1% during the fourth quarter. Metis Global Partners LLC now owns 35,101 shares of the Wireless communications provider’s stock valued at $677,000 after purchasing an additional 18,857 shares during the period. WINTON GROUP Ltd acquired a new position in shares of TELUS during the third quarter valued at $253,000. Finally, National Bank of Canada FI increased its holdings in shares of TELUS by 119.2% during the fourth quarter. National Bank of Canada FI now owns 18,117,787 shares of the Wireless communications provider’s stock valued at $349,314,000 after purchasing an additional 9,850,903 shares during the period. 51.42% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TU. StockNews.com began coverage on TELUS in a report on Thursday, May 18th. They set a “sell” rating on the stock. JPMorgan Chase & Co. decreased their target price on TELUS from C$36.00 to C$33.00 in a research note on Monday, February 13th. Desjardins decreased their target price on TELUS from C$33.00 to C$32.00 in a research note on Friday, February 10th. Barclays decreased their target price on TELUS from $23.00 to $21.00 in a research note on Monday, May 8th. Finally, National Bank Financial decreased their target price on TELUS from C$31.00 to C$30.00 in a research note on Friday, February 10th.

TELUS Trading Down 2.0 %

NYSE:TU opened at $19.29 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.35. TELUS Co. has a 1-year low of $18.85 and a 1-year high of $25.50. The firm has a market capitalization of $27.74 billion, a price-to-earnings ratio of 24.42, a price-to-earnings-growth ratio of 2.82 and a beta of 0.74. The stock has a fifty day simple moving average of $20.53 and a 200 day simple moving average of $20.57.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 4th. Investors of record on Friday, June 9th will be given a $0.268 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, June 8th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 5.56%. TELUS’s dividend payout ratio (DPR) is 130.38%.

TELUS Profile

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TELUS Corp. is a telecommunications company, which engages in the provision of telecommunication services and products primarily for wireless and wireline voice and data. It operates through the following segments: TELUS Technology Solutions (TTech) and Digitally-led Customer ExperiencesTELUS International (DLCX).