TELUS Co. (NYSE:TU) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lowered its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,772 shares of the Wireless communications provider’s stock after selling 765 shares during the period. Quantinno Capital Management LP’s holdings in TELUS were worth $1,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in TU. Fairscale Capital LLC acquired a new position in TELUS during the second quarter valued at approximately $27,000. Blue Trust Inc. lifted its holdings in shares of TELUS by 60.4% during the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 954 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in TELUS during the 2nd quarter worth $123,000. Trust Co. of Vermont increased its holdings in TELUS by 19.0% in the 3rd quarter. Trust Co. of Vermont now owns 7,623 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 1,218 shares in the last quarter. Finally, Unique Wealth Strategies LLC purchased a new position in TELUS in the second quarter valued at about $141,000. Institutional investors and hedge funds own 49.40% of the company’s stock.

Analyst Ratings Changes

TU has been the subject of several analyst reports. Scotiabank upgraded shares of TELUS from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, October 28th. StockNews.com cut shares of TELUS from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $26.00.

TELUS Trading Down 2.9 %

Shares of NYSE TU opened at $14.76 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. The company has a market cap of $22.13 billion, a price-to-earnings ratio of 31.40, a price-to-earnings-growth ratio of 2.26 and a beta of 0.73. TELUS Co. has a 12-month low of $14.63 and a 12-month high of $18.68. The stock’s 50 day simple moving average is $15.77 and its 200 day simple moving average is $15.99.

TELUS (NYSE:TU) (TSE:T) last released its quarterly earnings results on Friday, November 8th. The Wireless communications provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.11. TELUS had a return on equity of 8.80% and a net margin of 4.56%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that TELUS Co. will post 0.73 EPS for the current year.

TELUS Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Wednesday, December 11th will be given a dividend of $0.297 per share. The ex-dividend date of this dividend is Wednesday, December 11th. This is a boost from TELUS’s previous quarterly dividend of $0.28. This represents a $1.19 annualized dividend and a dividend yield of 8.05%. TELUS’s dividend payout ratio (DPR) is 253.19%.

TELUS Company 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.