Swiss National Bank Acquires 13,900 Shares of TELUS Co. (NYSE:TU)

Swiss National Bank lifted its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 2.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 700,700 shares of the Wireless communications provider’s stock after purchasing an additional 13,900 shares during the quarter. Swiss National Bank owned about 0.12% of TELUS worth $25,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in TU. Van ECK Associates Corp bought a new position in TELUS during the 4th quarter valued at $25,000. Proficio Capital Partners LLC boosted its stake in TELUS by 199.7% during the 4th quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after purchasing an additional 639 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in TELUS during the 4th quarter valued at $38,000. Oppenheimer Asset Management Inc. bought a new position in TELUS during the 4th quarter valued at $51,000. Finally, Northwestern Mutual Wealth Management Co. bought a new position in TELUS during the 1st quarter valued at $54,000. Institutional investors and hedge funds own 51.13% of the company’s stock.

Shares of TU traded up $0.06 during trading hours on Monday, hitting $36.97. 192,500 shares of the company were exchanged, compared to its average volume of 400,974. The business’s fifty day moving average is $37.00. The company has a market capitalization of $22.18 billion, a P/E ratio of 17.28, a PEG ratio of 2.10 and a beta of 0.73. TELUS Co. has a one year low of $32.46 and a one year high of $38.32. The company has a quick ratio of 0.70, a current ratio of 0.77 and a debt-to-equity ratio of 1.39.

TELUS (NYSE:TU) (TSE:T) last announced its quarterly earnings data on Thursday, May 9th. The Wireless communications provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.01. TELUS had a return on equity of 16.98% and a net margin of 11.15%. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same period last year, the company earned $0.69 earnings per share. TELUS’s quarterly revenue was up 3.8% compared to the same quarter last year. Equities analysts anticipate that TELUS Co. will post 2.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Monday, June 10th will be issued a dividend of $0.4191 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.41. This represents a $1.68 annualized dividend and a yield of 4.53%. The ex-dividend date is Friday, June 7th. TELUS’s dividend payout ratio (DPR) is 78.04%.

A number of brokerages have issued reports on TU. Bank of America reaffirmed a “hold” rating on shares of TELUS in a research note on Friday, May 10th. TheStreet raised TELUS from a “c+” rating to a “b-” rating in a research note on Thursday, April 4th. Zacks Investment Research raised TELUS from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Royal Bank of Canada reissued a “buy” rating on shares of TELUS in a research note on Tuesday, April 9th. Finally, Barclays reissued a “buy” rating and set a $41.00 price objective on shares of TELUS in a research note on Sunday, May 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $41.00.

TELUS Company 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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