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.

TELUS (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Thursday, February 14th. The Wireless communications provider reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. TELUS had a net margin of 11.14% and a return on equity of 17.32%. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.69 billion. During the same quarter last year, the business posted $0.55 EPS. TELUS’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts forecast that TELUS Co. will post 2.22 earnings per share for the current fiscal year.

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.

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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

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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