Amundi Pioneer Asset Management Inc. Sells 54,063 Shares of TELUS Co. (TU)

Amundi Pioneer Asset Management Inc. lessened its holdings in TELUS Co. (NYSE:TU) (TSE:T) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 210,608 shares of the Wireless communications provider’s stock after selling 54,063 shares during the period. Amundi Pioneer Asset Management Inc.’s holdings in TELUS were worth $6,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TU. ARP Americas LP increased its position in TELUS by 2.5% during the fourth quarter. ARP Americas LP now owns 14,433 shares of the Wireless communications provider’s stock valued at $479,000 after acquiring an additional 346 shares during the last quarter. Gluskin Sheff & Assoc Inc. increased its position in TELUS by 5.7% during the fourth quarter. Gluskin Sheff & Assoc Inc. now owns 7,044 shares of the Wireless communications provider’s stock valued at $233,000 after acquiring an additional 380 shares during the last quarter. Addenda Capital Inc. increased its position in TELUS by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 42,640 shares of the Wireless communications provider’s stock valued at $1,429,000 after acquiring an additional 580 shares during the last quarter. Proficio Capital Partners LLC increased its position in TELUS by 199.7% during the fourth quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after acquiring an additional 639 shares during the last quarter. Finally, Advisor Group Inc. increased its position in TELUS by 21.2% during the fourth quarter. Advisor Group Inc. now owns 3,997 shares of the Wireless communications provider’s stock valued at $132,000 after acquiring an additional 699 shares during the last quarter. Institutional investors own 50.55% of the company’s stock.

A number of brokerages have recently issued reports on TU. TheStreet raised shares of TELUS from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Zacks Investment Research lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Canaccord Genuity reissued a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Royal Bank of Canada reissued a “buy” rating on shares of TELUS in a research note on Tuesday, April 9th. Finally, Echelon Wealth Partners reissued a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TELUS presently has an average rating of “Buy” and a consensus price target of $47.67.

Shares of TU traded up $0.11 during trading hours on Monday, reaching $37.63. 204,401 shares of the company traded hands, compared to its average volume of 388,899. TELUS Co. has a 12-month low of $32.46 and a 12-month high of $37.72. The firm has a market capitalization of $22.52 billion, a P/E ratio of 17.58, a P/E/G ratio of 2.12 and a beta of 0.85. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.28.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings data on Thursday, February 14th. The Wireless communications provider reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. TELUS had a net margin of 11.14% and a return on equity of 17.32%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. Analysts predict that TELUS Co. will post 2.2 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 11th were paid a $0.4098 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Friday, March 8th. TELUS’s dividend payout ratio (DPR) is presently 77.10%.

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TELUS Profile

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and cloud-based services; healthcare solutions; customer care and business services; and home and business security solutions.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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