BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $6.31 Million Stake in TELUS Co. (NYSE:TU)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. cut its position in TELUS Co. (NYSE:TU) (TSE:T) by 4.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 375,961 shares of the Wireless communications provider’s stock after selling 15,800 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in TELUS were worth $6,309,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in TU. Fairscale Capital LLC acquired a new position in TELUS during the second quarter worth about $27,000. Blue Trust Inc. lifted its stake in TELUS by 60.4% in the 2nd quarter. Blue Trust Inc. now owns 2,533 shares of the Wireless communications provider’s stock valued at $41,000 after purchasing an additional 954 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in shares of TELUS during the first quarter worth $58,000. Acadian Asset Management LLC acquired a new position in shares of TELUS during the second quarter worth $123,000. Finally, Trust Co. of Vermont lifted its stake in shares of 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 acquiring an additional 1,218 shares during the last quarter. Institutional investors own 49.40% of the company’s stock.

TELUS Trading Down 0.8 %

NYSE TU opened at $15.20 on Monday. The firm has a market capitalization of $22.68 billion, a PE ratio of 32.34, a price-to-earnings-growth ratio of 2.19 and a beta of 0.75. The business’s 50-day moving average price is $16.08 and its two-hundred day moving average price is $16.06. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 1.50. TELUS Co. has a 12 month low of $14.63 and a 12 month high of $19.14.

TELUS (NYSE:TU) (TSE:T) last released its 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. The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $3.69 billion. TELUS had a net margin of 4.56% and a return on equity of 8.80%. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. On average, analysts expect that TELUS Co. will post 0.73 EPS for the current year.

TELUS Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Wednesday, December 11th will be issued a $0.297 dividend. This is a positive change from TELUS’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.19 annualized dividend and a yield of 7.82%. TELUS’s payout ratio is presently 244.69%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TU. Scotiabank raised TELUS from a “sector perform” rating to a “sector outperform” rating in a report on Monday, October 28th. StockNews.com downgraded TELUS from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Canaccord Genuity Group downgraded shares of TELUS from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, TELUS has a consensus rating of “Hold” and an average price target of $26.00.

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.