Barclays PLC Boosts Stock Holdings in TELUS Co. (NYSE:TU)

Barclays PLC grew its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 21.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 565,398 shares of the Wireless communications provider's stock after purchasing an additional 98,250 shares during the quarter. Barclays PLC's holdings in TELUS were worth $7,667,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System grew its position in shares of TELUS by 1.6% in the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock worth $1,197,000 after buying an additional 1,346 shares during the period. Hillsdale Investment Management Inc. increased its stake in TELUS by 7.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock worth $294,000 after buying an additional 1,500 shares in the last quarter. Versant Capital Management Inc lifted its stake in TELUS by 195,100.0% in the 4th quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after purchasing an additional 1,951 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of TELUS by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock valued at $1,185,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Ingalls & Snyder LLC raised its position in shares of TELUS by 20.4% during the 4th quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider's stock valued at $312,000 after buying an additional 3,900 shares in the last quarter. 49.40% of the stock is owned by institutional investors.

TELUS Stock Performance

TU stock traded up $0.13 during midday trading on Tuesday, hitting $15.20. 196,499 shares of the stock traded hands, compared to its average volume of 2,849,752. TELUS Co. has a 1-year low of $13.24 and a 1-year high of $17.27. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The firm has a market cap of $23.01 billion, a P/E ratio of 31.02, a PEG ratio of 5.18 and a beta of 0.70. The stock's fifty day simple moving average is $14.86 and its 200-day simple moving average is $14.88.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a return on equity of 9.07% and a net margin of 4.85%. During the same quarter in the previous year, the firm earned $0.10 EPS. On average, analysts expect that TELUS Co. will post 0.71 earnings per share for the current year.

TELUS Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were given a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is 226.53%.

Analysts Set New Price Targets

TU has been the subject of a number of research analyst reports. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Bank of America downgraded shares of TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Finally, Cormark downgraded TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold".

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.