TELUS Corporation (TU) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN decreased its position in shares of TELUS Corporation (NYSE:TU) (TSE:T) by 46.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,711 shares of the Wireless communications provider’s stock after selling 4,153 shares during the period. Wells Fargo & Company MN’s holdings in TELUS Corporation were worth $153,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its position in shares of TELUS Corporation by 3.3% in the fourth quarter. UBS Asset Management Americas Inc. now owns 853,738 shares of the Wireless communications provider’s stock worth $27,215,000 after buying an additional 27,398 shares in the last quarter. Cardinal Capital Management Inc. boosted its position in TELUS Corporation by 0.5% in the first quarter. Cardinal Capital Management Inc. now owns 1,427,915 shares of the Wireless communications provider’s stock worth $46,272,000 after buying an additional 7,582 shares during the last quarter. Raymond James Trust N.A. boosted its position in TELUS Corporation by 7.3% in the first quarter. Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider’s stock worth $222,000 after buying an additional 465 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in TELUS Corporation by 1.1% in the first quarter. Gulf International Bank UK Ltd now owns 62,999 shares of the Wireless communications provider’s stock worth $2,042,000 after buying an additional 700 shares during the last quarter. Finally, Nexus Investment Management Inc. boosted its position in TELUS Corporation by 0.4% in the first quarter. Nexus Investment Management Inc. now owns 586,195 shares of the Wireless communications provider’s stock worth $18,997,000 after buying an additional 2,060 shares during the last quarter. Institutional investors own 52.66% of the company’s stock.

TELUS Corporation (TU) traded up 0.14% on Friday, reaching $35.38. The company had a trading volume of 337,419 shares. TELUS Corporation has a 52 week low of $30.31 and a 52 week high of $36.77. The stock’s 50-day moving average is $35.57 and its 200-day moving average is $33.76. The company has a market capitalization of $21.02 billion, a P/E ratio of 21.51 and a beta of 0.89.

TELUS Corporation (NYSE:TU) (TSE:T) last issued its quarterly earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. TELUS Corporation had a net margin of 9.55% and a return on equity of 18.75%. The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the business earned $0.70 EPS. The business’s quarterly revenue was up 4.0% on a year-over-year basis. Equities research analysts forecast that TELUS Corporation will post $2.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be given a dividend of $0.3884 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.55 annualized dividend and a dividend yield of 4.39%. TELUS Corporation’s dividend payout ratio (DPR) is currently 92.41%.

ILLEGAL ACTIVITY WARNING: “TELUS Corporation (TU) Shares Sold by Wells Fargo & Company MN” was originally posted by Community Financial News and is owned by of Community Financial News. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://www.com-unik.info/2017/08/19/telus-corporation-tu-position-cut-by-wells-fargo-company-mn-updated-updated-updated.html.

TU has been the subject of several analyst reports. Zacks Investment Research cut TELUS Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. Canaccord Genuity reiterated a “buy” rating and issued a $47.00 price objective on shares of TELUS Corporation in a report on Monday, May 8th. BidaskClub upgraded TELUS Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. BMO Capital Markets increased their price objective on TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Monday, August 14th. Finally, Barclays PLC increased their price objective on TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $43.50.

TELUS Corporation Company Profile

TELUS Corporation (TELUS) is a telecommunications company. The Company provides a range of telecommunications services and products, including wireless and wireline voice and data. Its data services include Internet protocol (IP), television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

Institutional Ownership by Quarter for TELUS Corporation (NYSE:TU)

What are top analysts saying about TELUS Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for TELUS Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit