8,200 Shares in TELUS Co. (NYSE:TU) Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new stake in shares of TELUS Co. (NYSE:TU) (TSE:T) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,200 shares of the Wireless communications provider’s stock, valued at approximately $123,000.

A number of other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 954 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of TELUS by 39.8% during the 1st 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 in the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of TELUS during the 1st quarter worth about $58,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of TELUS during the 1st quarter valued at about $71,000. Finally, Unique Wealth Strategies LLC bought a new stake in shares of TELUS in the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on TU. Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of TELUS from a “sell” rating to a “hold” rating in a report on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.33.

TELUS Stock Down 0.7 %

Shares of TELUS stock opened at $16.74 on Friday. TELUS Co. has a 12-month low of $14.63 and a 12-month high of $19.14. The stock has a market capitalization of $24.71 billion, a P/E ratio of 42.92, a PEG ratio of 2.57 and a beta of 0.74. 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 stock has a 50 day moving average price of $16.25 and a two-hundred day moving average price of $16.16.

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

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th will be paid a $0.284 dividend. 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 dividend yield of 6.79%. TELUS’s payout ratio is presently 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.