TELUS Co. (NYSE:TU) Shares Acquired by Aviva PLC

Aviva PLC grew its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 1,461.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 294,868 shares of the Wireless communications provider's stock after acquiring an additional 275,984 shares during the quarter. Aviva PLC's holdings in TELUS were worth $3,990,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of TU. Landscape Capital Management L.L.C. acquired a new stake in TELUS during the fourth quarter worth $1,843,000. Groupama Asset Managment increased its position in shares of TELUS by 684.4% during the 4th quarter. Groupama Asset Managment now owns 66,966 shares of the Wireless communications provider's stock worth $908,000 after purchasing an additional 58,429 shares during the last quarter. Headlands Technologies LLC acquired a new position in TELUS in the fourth quarter valued at about $374,000. Geode Capital Management LLC boosted its stake in TELUS by 29.8% during the fourth quarter. Geode Capital Management LLC now owns 3,032,404 shares of the Wireless communications provider's stock worth $42,389,000 after buying an additional 696,744 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of TELUS by 52.1% during the fourth quarter. Wellington Management Group LLP now owns 390,142 shares of the Wireless communications provider's stock valued at $5,287,000 after acquiring an additional 133,636 shares during the last quarter. Hedge funds and other institutional investors own 49.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on TU shares. Morgan Stanley started coverage on shares of TELUS in a research report on Monday, December 16th. They set an "equal weight" rating for the company. Bank of America lowered TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Finally, Cormark lowered shares of TELUS from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

TELUS Stock Down 1.2 %

TU traded down $0.19 on Tuesday, hitting $14.64. 752,237 shares of the company were exchanged, compared to its average volume of 2,844,662. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. The company has a market cap of $22.16 billion, a price-to-earnings ratio of 29.87, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The firm has a 50-day moving average price of $14.84 and a two-hundred day moving average price of $14.97. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The firm had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts predict that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.2829 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is 226.53%.

About TELUS

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.