TELUS Corporation $TU Shares Sold by Mufg Securities Canada LTD.

Mufg Securities Canada LTD. decreased its position in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 9.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,295,522 shares of the Wireless communications provider’s stock after selling 244,501 shares during the quarter. Mufg Securities Canada LTD. owned approximately 0.15% of TELUS worth $30,261,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of TU. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TELUS by 1.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 779,692 shares of the Wireless communications provider’s stock valued at $11,181,000 after acquiring an additional 11,900 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of TELUS by 1.9% during the 2nd quarter. Cetera Investment Advisers now owns 46,099 shares of the Wireless communications provider’s stock valued at $739,000 after acquiring an additional 841 shares during the last quarter. Legal & General Group Plc boosted its position in shares of TELUS by 159.5% during the 2nd quarter. Legal & General Group Plc now owns 37,274 shares of the Wireless communications provider’s stock valued at $597,000 after acquiring an additional 22,912 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of TELUS by 67.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,698 shares of the Wireless communications provider’s stock valued at $140,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of TELUS during the 2nd quarter valued at about $3,617,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on TU shares. Scotiabank cut shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, April 10th. Weiss Ratings cut shares of TELUS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 20th. Canaccord Genuity Group cut shares of TELUS from a “buy” rating to a “hold” rating in a research report on Thursday, April 9th. Bank of America raised shares of TELUS from a “neutral” rating to a “buy” rating and upped their target price for the company from $14.50 to $16.00 in a research report on Tuesday, March 10th. Finally, TD Securities raised shares of TELUS from a “buy” rating to a “buy” rating in a research report on Tuesday, April 28th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.33.

TELUS Trading Up 0.0%

NYSE TU opened at $11.89 on Monday. The firm’s 50-day moving average is $12.39 and its two-hundred day moving average is $13.02. TELUS Corporation has a 12 month low of $11.69 and a 12 month high of $16.74. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.67 and a quick ratio of 0.63. The stock has a market capitalization of $18.71 billion, a P/E ratio of 27.01, a PEG ratio of 11.67 and a beta of 0.61.

TELUS (NYSE:TU) (TSE:T) last posted its earnings results on Friday, May 8th. The Wireless communications provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. TELUS had a net margin of 4.54% and a return on equity of 8.29%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same quarter in the prior year, the company posted $0.26 earnings per share. TELUS’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that TELUS Corporation will post 0.71 earnings per share for the current year.

TELUS Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Wednesday, June 10th will be given a $0.4184 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.67 dividend on an annualized basis and a yield of 14.1%. TELUS’s dividend payout ratio is presently 275.00%.

TELUS Company Profile

TELUS Corporation (NYSE: TU) is a Canadian telecommunications and technology company headquartered in Vancouver, British Columbia. It delivers a broad portfolio of consumer and business communications services across Canada, including mobile wireless, fixed-line voice, broadband internet, and television. TELUS also provides a range of enterprise services such as cloud and IT solutions, managed network services, cybersecurity and Internet of Things (IoT) offerings for business customers.

Beyond core connectivity, TELUS has expanded into health and digital services.