Delta Lloyd Asset Management N.V. bought a new stake in TELUS Corporation (NYSE:TU) (TSE:T) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 146,311 shares of the Wireless communications provider’s stock, valued at approximately $5,054,000.

Other large investors have also bought and sold shares of the company. Denver Investment Advisors LLC increased its position in shares of TELUS Corporation by 0.9% in the first quarter. Denver Investment Advisors LLC now owns 55,290 shares of the Wireless communications provider’s stock worth $1,796,000 after buying an additional 480 shares during the period. Tdam USA Inc. increased its position in shares of TELUS Corporation by 1.5% in the first quarter. Tdam USA Inc. now owns 6,957 shares of the Wireless communications provider’s stock worth $225,000 after buying an additional 100 shares during the period. Karp Capital Management Corp purchased a new position in shares of TELUS Corporation during the first quarter worth about $285,000. UBS Asset Management Americas Inc. increased its position in shares of TELUS Corporation by 1.4% in the first quarter. UBS Asset Management Americas Inc. now owns 865,936 shares of the Wireless communications provider’s stock worth $28,030,000 after buying an additional 12,198 shares during the period. Finally, World Asset Management Inc increased its position in shares of TELUS Corporation by 1.1% in the first quarter. World Asset Management Inc now owns 36,887 shares of the Wireless communications provider’s stock worth $1,198,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 51.05% of the company’s stock.

TELUS Corporation (TU) opened at 36.34 on Friday. The stock has a 50 day moving average of $35.87 and a 200-day moving average of $33.94. TELUS Corporation has a 12 month low of $30.31 and a 12 month high of $36.77. The firm has a market cap of $21.59 billion, a P/E ratio of 22.06 and a beta of 0.89.

TELUS Corporation (NYSE:TU) (TSE:T) last issued its earnings results on Friday, August 11th. The Wireless communications provider reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.05. TELUS Corporation had a return on equity of 18.75% and a net margin of 9.55%. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business posted $0.70 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts predict that TELUS Corporation will post $2.15 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 8th will be issued a $0.3884 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.28%. The ex-dividend date is Thursday, September 7th. TELUS Corporation’s dividend payout ratio is 92.41%.

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A number of research analysts have recently issued reports on TU shares. Zacks Investment Research upgraded shares of TELUS Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Canaccord Genuity restated a “buy” rating and issued a $47.00 price target on shares of TELUS Corporation in a research report on Monday, May 8th. Barclays PLC boosted their price target on shares of TELUS Corporation from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of TELUS Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, BMO Capital Markets boosted their price target on shares of TELUS Corporation from $46.00 to $47.00 and gave the stock an “outperform” rating in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $43.50.

About TELUS Corporation

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.

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

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