APG Asset Management N.V. Increases Holdings in TELUS Co. (NYSE:TU)

APG Asset Management N.V. boosted its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 12.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,323,638 shares of the Wireless communications provider’s stock after buying an additional 251,456 shares during the period. APG Asset Management N.V. owned 0.16% of TELUS worth $32,813,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in shares of TELUS by 57.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 17,049 shares of the Wireless communications provider’s stock valued at $303,000 after acquiring an additional 6,211 shares during the last quarter. Trexquant Investment LP increased its holdings in shares of TELUS by 221.6% during the 4th quarter. Trexquant Investment LP now owns 50,431 shares of the Wireless communications provider’s stock worth $897,000 after buying an additional 34,752 shares during the last quarter. United Services Automobile Association increased its holdings in shares of TELUS by 63.6% during the 4th quarter. United Services Automobile Association now owns 20,488 shares of the Wireless communications provider’s stock worth $365,000 after buying an additional 7,961 shares during the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of TELUS during the 4th quarter valued at approximately $839,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in TELUS by 15.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 28,705,377 shares of the Wireless communications provider’s stock valued at $511,646,000 after acquiring an additional 3,860,487 shares during the last quarter. 49.40% of the stock is currently owned by hedge funds and other institutional investors.

TELUS Trading Up 0.7 %

TU opened at $16.77 on Friday. TELUS Co. has a 52 week low of $14.63 and a 52 week high of $19.14. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.46. The business has a fifty day simple moving average of $16.32 and a 200-day simple moving average of $16.14. The firm has a market cap of $24.75 billion, a P/E ratio of 43.00, a P/E/G ratio of 2.53 and a beta of 0.74.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.09. TELUS had a return on equity of 8.50% and a net margin of 3.87%. The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.70 billion. During the same period in the previous year, the company posted $0.14 EPS. On average, equities analysts expect that TELUS Co. will post 0.73 earnings per share for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th will be issued a dividend of $0.284 per share. The ex-dividend date of this dividend is Tuesday, September 10th. This is a positive change from TELUS’s previous quarterly dividend of $0.28. This represents a $1.14 dividend on an annualized basis and a yield of 6.77%. TELUS’s dividend payout ratio is 294.87%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TU shares. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Canaccord Genuity Group cut shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.33.

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.