APG Asset Management N.V. Has $76.14 Million Holdings in TELUS Co. (TU)
APG Asset Management N.V. decreased its position in TELUS Co. (NYSE:TU) (TSE:T) by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,627,220 shares of the Wireless communications provider’s stock after selling 445,053 shares during the period. APG Asset Management N.V. owned 0.44% of TELUS worth $76,143,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in TELUS in the 4th quarter valued at about $25,000. Proficio Capital Partners LLC increased its stake in TELUS by 199.7% in the 4th quarter. Proficio Capital Partners LLC now owns 959 shares of the Wireless communications provider’s stock valued at $32,000 after buying an additional 639 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in TELUS in the 4th quarter valued at about $38,000. Oppenheimer Asset Management Inc. purchased a new stake in TELUS in the 4th quarter valued at about $51,000. Finally, Enlightenment Research LLC purchased a new stake in TELUS in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 50.77% of the company’s stock.
Shares of TU stock opened at $36.94 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.28. TELUS Co. has a 12-month low of $32.46 and a 12-month high of $37.70. The company has a market cap of $21.84 billion, a PE ratio of 17.26, a P/E/G ratio of 2.05 and a beta of 0.85.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Monday, March 11th will be paid a dividend of $0.4098 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $1.64 annualized dividend and a dividend yield of 4.44%. TELUS’s payout ratio is currently 77.10%.
Several brokerages have recently issued reports on TU. Zacks Investment Research lowered shares of TELUS from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Canaccord Genuity restated a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Finally, Echelon Wealth Partners restated a “buy” rating on shares of TELUS in a research note on Friday, February 15th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.67.
COPYRIGHT VIOLATION NOTICE: This article was originally published by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of international copyright and trademark laws. The original version of this article can be accessed at https://www.watchlistnews.com/apg-asset-management-n-v-has-76-14-million-holdings-in-telus-co-tu/2925378.html.
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.
Further Reading: Asset Allocation and Your Retirement
Want to see what other hedge funds are holding TU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TELUS Co. (NYSE:TU) (TSE:T).
Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.