TELUS Co. (NYSE:TU) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,801,407 shares of the Wireless communications provider's stock after acquiring an additional 903,921 shares during the quarter. Vanguard Group Inc. owned 1.72% of TELUS worth $349,841,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Maryland State Retirement & Pension System grew its position in shares of TELUS by 1.6% during 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 in the last quarter. Public Sector Pension Investment Board boosted its stake in shares of TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock valued at $1,297,000 after purchasing an additional 1,500 shares in the last quarter. Hillsdale Investment Management Inc. increased its holdings in TELUS by 7.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock valued at $294,000 after buying an additional 1,500 shares during the period. Versant Capital Management Inc raised its stake in TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after buying an additional 1,951 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in TELUS by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after buying an additional 2,840 shares during the period. Institutional investors own 49.40% of the company's stock.

TELUS Stock Down 3.1 %

Shares of TU stock traded down $0.44 during trading hours on Tuesday, reaching $13.82. 6,207,517 shares of the company's stock were exchanged, compared to its average volume of 2,798,176. The stock has a market cap of $20.92 billion, a PE ratio of 28.19, a PEG ratio of 5.18 and a beta of 0.70. 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 stock's fifty day moving average price is $14.86 and its two-hundred day moving average price is $15.05. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27.

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

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.2829 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 8.19%. TELUS's payout ratio is presently 226.53%.

Analysts Set New Price Targets

TU has been the subject of several recent research reports. National Bank Financial lowered TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Morgan Stanley initiated coverage on shares of TELUS in a research report on Monday, December 16th. They set an "equal weight" rating for the company. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. StockNews.com raised shares of TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Bank of America lowered shares of TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold".

TELUS 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.