Pacifica Partners Inc. Has $2.33 Million Holdings in TELUS Co. (NYSE:TU)

Pacifica Partners Inc. lifted its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 20.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 138,689 shares of the Wireless communications provider’s stock after buying an additional 23,663 shares during the quarter. Pacifica Partners Inc.’s holdings in TELUS were worth $2,331,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. 1832 Asset Management L.P. lifted its stake in shares of TELUS by 6.6% in the second quarter. 1832 Asset Management L.P. now owns 38,193,733 shares of the Wireless communications provider’s stock valued at $578,253,000 after buying an additional 2,365,753 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of TELUS by 81.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,798,166 shares of the Wireless communications provider’s stock valued at $67,569,000 after buying an additional 1,704,788 shares in the last quarter. Fiera Capital Corp lifted its position in shares of TELUS by 9.9% during the second quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider’s stock valued at $252,468,000 after purchasing an additional 1,501,742 shares in the last quarter. National Bank of Canada FI lifted its position in shares of TELUS by 7.2% during the first quarter. National Bank of Canada FI now owns 21,461,769 shares of the Wireless communications provider’s stock valued at $345,330,000 after purchasing an additional 1,438,904 shares in the last quarter. Finally, TD Asset Management Inc lifted its position in shares of TELUS by 3.0% during the second quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock valued at $631,310,000 after purchasing an additional 1,208,720 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TU has been the topic of a number of recent analyst reports. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a research report on Friday, September 6th. Canaccord Genuity Group lowered shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, TELUS currently has a consensus rating of “Hold” and an average target price of $26.00.

TELUS Stock Performance

NYSE TU opened at $16.27 on Tuesday. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.14. The company has a 50-day simple moving average of $16.42 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $24.01 billion, a PE ratio of 41.62, a price-to-earnings-growth ratio of 2.52 and a beta of 0.74.

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 analysts’ consensus estimates 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 quarter last year, the company posted $0.14 earnings per share. On average, research analysts predict that TELUS Co. will post 0.74 EPS for the current year.

TELUS Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.284 dividend. This is an increase from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date was Tuesday, September 10th. This represents a $1.14 annualized dividend and a dividend yield of 6.98%. TELUS’s dividend payout ratio (DPR) 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.