TELUS Co. (NYSE:TU) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 3.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,794 shares of the Wireless communications provider’s stock after selling 785 shares during the quarter. Dimensional Fund Advisors LP’s holdings in TELUS were worth $330,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its stake in TELUS by 60.4% during the second quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock worth $41,000 after purchasing an additional 954 shares during the last quarter. Gulf International Bank UK Ltd lifted its stake in TELUS by 39.8% during the first quarter. Gulf International Bank UK Ltd now owns 2,752 shares of the Wireless communications provider’s stock worth $44,000 after purchasing an additional 784 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in TELUS during the first quarter worth approximately $58,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in TELUS during the first quarter worth approximately $71,000. Finally, Acadian Asset Management LLC purchased a new stake in TELUS during the second quarter worth approximately $123,000. 49.40% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. StockNews.com upgraded TELUS from a “sell” rating to a “hold” rating in a research note on Friday, September 6th. Canaccord Genuity Group cut TELUS from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

TELUS Stock Down 0.4 %

TU opened at $16.13 on Tuesday. 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 firm has a market cap of $23.81 billion, a P/E ratio of 41.36, a PEG ratio of 2.43 and a beta of 0.74. TELUS Co. has a 52 week low of $14.63 and a 52 week high of $19.14. The business’s fifty day simple moving average is $16.42 and its 200 day simple moving average is $16.13.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. TELUS had a return on equity of 8.50% and a net margin of 3.87%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.70 billion. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 10th were given a dividend of $0.284 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.14 annualized dividend and a yield of 7.04%. TELUS’s dividend payout ratio is 294.87%.

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.