TELUS Co. (NYSE:TU) Stock Holdings Reduced by Heathbridge Capital Management Ltd.

Heathbridge Capital Management Ltd. lowered its stake in shares of TELUS Co. (NYSE:TUGet Rating) (TSE:T) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,212,345 shares of the Wireless communications provider’s stock after selling 45,350 shares during the period. TELUS comprises 8.2% of Heathbridge Capital Management Ltd.’s portfolio, making the stock its 7th largest holding. Heathbridge Capital Management Ltd. owned 0.09% of TELUS worth $28,487,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. CIBC Asset Management Inc boosted its holdings in TELUS by 4.7% during the third quarter. CIBC Asset Management Inc now owns 25,858,385 shares of the Wireless communications provider’s stock worth $564,495,000 after buying an additional 1,170,412 shares in the last quarter. Bank of Nova Scotia lifted its holdings in shares of TELUS by 0.8% in the third quarter. Bank of Nova Scotia now owns 20,629,835 shares of the Wireless communications provider’s stock valued at $453,358,000 after purchasing an additional 159,042 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of TELUS by 2.6% in the fourth quarter. Toronto Dominion Bank now owns 13,945,163 shares of the Wireless communications provider’s stock valued at $349,601,000 after purchasing an additional 350,833 shares in the last quarter. Fiera Capital Corp lifted its holdings in shares of TELUS by 3.9% in the fourth quarter. Fiera Capital Corp now owns 10,942,448 shares of the Wireless communications provider’s stock valued at $257,709,000 after purchasing an additional 414,925 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in shares of TELUS by 3.0% in the third quarter. Scotia Capital Inc. now owns 9,861,327 shares of the Wireless communications provider’s stock valued at $216,555,000 after buying an additional 291,037 shares during the last quarter. 47.75% of the stock is currently owned by hedge funds and other institutional investors.

TU has been the subject of a number of analyst reports. StockNews.com initiated coverage on shares of TELUS in a research report on Thursday, March 31st. They issued a “hold” rating for the company. TD Securities lowered shares of TELUS from a “buy” rating to a “hold” rating in a research report on Monday, March 7th. Royal Bank of Canada boosted their price objective on shares of TELUS from C$32.00 to C$36.00 in a research report on Friday, February 11th. CIBC boosted their price objective on shares of TELUS from C$31.00 to C$33.50 in a research report on Friday, February 11th. Finally, JPMorgan Chase & Co. raised shares of TELUS from a “neutral” rating to an “overweight” rating in a research report on Monday, February 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, TELUS presently has a consensus rating of “Hold” and an average target price of $32.55.

TU traded down $0.58 during trading on Friday, hitting $25.01. 1,761,716 shares of the company’s stock were exchanged, compared to its average volume of 1,751,377. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 1.12. TELUS Co. has a 1 year low of $20.59 and a 1 year high of $27.50. The stock has a 50 day moving average price of $26.01 and a 200 day moving average price of $24.28. The firm has a market cap of $34.26 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 2.85 and a beta of 0.65.

TELUS (NYSE:TUGet Rating) (TSE:T) last released its quarterly earnings data on Thursday, February 10th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.42 billion. TELUS had a return on equity of 8.98% and a net margin of 9.59%. TELUS’s quarterly revenue was up 20.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Analysts forecast that TELUS Co. will post 0.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Friday, March 11th were paid a $0.258 dividend. The ex-dividend date was Thursday, March 10th. This represents a $1.03 annualized dividend and a dividend yield of 4.13%. TELUS’s dividend payout ratio (DPR) is presently 107.29%.

About TELUS (Get Rating)

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 revenue; equipment sales from mobile technologies; data services revenues, such as internet protocol; television; hosting, managed information technology, and cloud-based services; customer care and business services; healthcare solutions; and home and business security, agriculture, voice, and other telecommunications services.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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