Charles Schwab Investment Management Inc. Has $25.45 Million Position in TELUS Co. (NYSE:TU)

Charles Schwab Investment Management Inc. increased its holdings in shares of TELUS Co. (NYSE:TU) (TSE:T) by 21.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,515,242 shares of the Wireless communications provider’s stock after acquiring an additional 264,055 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.10% of TELUS worth $25,447,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in TU. 1832 Asset Management L.P. grew its holdings in TELUS by 6.6% in the 2nd 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. Fiera Capital Corp grew its holdings in TELUS by 9.9% in the 2nd quarter. Fiera Capital Corp now owns 16,670,713 shares of the Wireless communications provider’s stock valued at $252,468,000 after buying an additional 1,501,742 shares in the last quarter. TD Asset Management Inc grew its holdings in TELUS by 3.0% in the 2nd quarter. TD Asset Management Inc now owns 41,711,861 shares of the Wireless communications provider’s stock valued at $631,310,000 after buying an additional 1,208,720 shares in the last quarter. Toronto Dominion Bank grew its holdings in TELUS by 5.4% in the 2nd quarter. Toronto Dominion Bank now owns 12,472,610 shares of the Wireless communications provider’s stock valued at $188,835,000 after buying an additional 636,845 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in TELUS by 1.8% in the 2nd quarter. CIBC Asset Management Inc now owns 22,404,617 shares of the Wireless communications provider’s stock valued at $338,953,000 after buying an additional 387,686 shares in the last quarter. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Stock Performance

TU opened at $15.76 on Friday. The firm has a market cap of $23.64 billion, a P/E ratio of 33.53, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. TELUS Co. has a 52-week low of $14.63 and a 52-week high of $19.14. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.63 and a current ratio of 0.69. The business’s fifty day moving average is $15.86 and its 200-day moving average is $16.01.

TELUS (NYSE:TU) (TSE:T) last released its earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm posted $0.19 EPS. TELUS’s quarterly revenue was up 1.8% on a year-over-year basis. Sell-side analysts expect that TELUS Co. will post 0.73 EPS for the current fiscal year.

TELUS Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be given a dividend of $0.297 per share. This is an increase from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 7.54%. The ex-dividend date of this dividend is Wednesday, December 11th. TELUS’s dividend payout ratio is currently 253.19%.

Wall Street Analyst Weigh In

A number of brokerages have commented on TU. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. StockNews.com lowered TELUS from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.