UBS Group AG lowered its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 20.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,061 shares of the Wireless communications provider’s stock after selling 60,913 shares during the quarter. UBS Group AG’s holdings in TELUS were worth $8,824,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. White Pine Capital LLC raised its stake in TELUS by 27.9% in the second quarter. White Pine Capital LLC now owns 19,500 shares of the Wireless communications provider’s stock valued at $720,000 after purchasing an additional 4,250 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in TELUS by 1.1% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 343,179 shares of the Wireless communications provider’s stock valued at $12,666,000 after purchasing an additional 3,582 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its stake in TELUS by 27.4% in the second quarter. Susquehanna Fundamental Investments LLC now owns 9,300 shares of the Wireless communications provider’s stock valued at $343,000 after purchasing an additional 2,000 shares in the last quarter. Summit Global Investments raised its stake in TELUS by 9.5% in the second quarter. Summit Global Investments now owns 19,005 shares of the Wireless communications provider’s stock valued at $701,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in TELUS by 140.2% in the second quarter. Voloridge Investment Management LLC now owns 60,265 shares of the Wireless communications provider’s stock valued at $2,224,000 after purchasing an additional 35,179 shares in the last quarter. 51.76% of the stock is owned by institutional investors.

Shares of NYSE TU opened at $35.45 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.66 and a debt-to-equity ratio of 1.42. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 2.57 and a beta of 0.68. TELUS Co. has a 12 month low of $32.46 and a 12 month high of $38.32. The stock has a 50-day moving average price of $36.16 and a two-hundred day moving average price of $36.67.

TELUS (NYSE:TU) (TSE:T) last issued its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.69 billion. TELUS had a return on equity of 16.75% and a net margin of 11.91%. On average, sell-side analysts predict that TELUS Co. will post 2.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.426 per share. This is an increase from TELUS’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Monday, September 9th. This represents a $1.70 annualized dividend and a yield of 4.81%. TELUS’s payout ratio is presently 78.97%.

TU has been the subject of a number of analyst reports. Citigroup downgraded TELUS from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 3rd. Bank of America raised TELUS from a “neutral” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Monday, September 30th. Finally, Canaccord Genuity downgraded TELUS from a “buy” rating to a “hold” rating in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $46.50.

TELUS 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.

See Also: What is a stock split?

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).

Institutional Ownership by Quarter for TELUS (NYSE:TU)

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.