Vise Technologies Inc. Makes New $372,000 Investment in TELUS Corporation $TU

Vise Technologies Inc. purchased a new stake in shares of TELUS Corporation (NYSE:TU) (TSE:T) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 23,160 shares of the Wireless communications provider’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in TELUS by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 26,185,917 shares of the Wireless communications provider’s stock valued at $375,585,000 after acquiring an additional 384,510 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its holdings in shares of TELUS by 9.2% during the first quarter. Federation des caisses Desjardins du Quebec now owns 22,899,251 shares of the Wireless communications provider’s stock valued at $328,588,000 after purchasing an additional 1,938,521 shares during the period. Scotia Capital Inc. raised its stake in shares of TELUS by 4.7% during the first quarter. Scotia Capital Inc. now owns 18,553,552 shares of the Wireless communications provider’s stock valued at $266,146,000 after purchasing an additional 831,282 shares in the last quarter. Fiera Capital Corp grew its position in TELUS by 1.2% in the 1st quarter. Fiera Capital Corp now owns 16,270,907 shares of the Wireless communications provider’s stock valued at $233,606,000 after buying an additional 192,599 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in TELUS by 196.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,836,479 shares of the Wireless communications provider’s stock valued at $169,735,000 after buying an additional 7,840,264 shares during the period. 49.40% of the stock is owned by institutional investors.

TELUS Stock Down 1.1%

TU stock opened at $14.54 on Friday. The firm has a market cap of $22.31 billion, a PE ratio of 26.43, a P/E/G ratio of 6.12 and a beta of 0.71. TELUS Corporation has a 12 month low of $13.24 and a 12 month high of $16.74. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.76 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $15.32 and a 200 day simple moving average of $15.85.

TELUS (NYSE:TU) (TSE:T) last posted its quarterly earnings results on Friday, November 7th. The Wireless communications provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.02). TELUS had a net margin of 5.71% and a return on equity of 8.76%. The company had revenue of $3.67 billion during the quarter, compared to the consensus estimate of $3.77 billion. During the same period in the prior year, the company posted $0.28 EPS. TELUS’s quarterly revenue was up .1% on a year-over-year basis. Equities research analysts forecast that TELUS Corporation will post 0.71 earnings per share for the current fiscal year.

TELUS Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Thursday, December 11th will be issued a dividend of $0.4184 per share. This is a positive change from TELUS’s previous quarterly dividend of $0.30. This represents a $1.67 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, December 11th. TELUS’s dividend payout ratio (DPR) is currently 220.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Barclays reduced their price target on shares of TELUS from $15.00 to $14.00 and set an “equal weight” rating for the company in a research note on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TELUS in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.75.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications and information technology products and services in Canada. It operates through Technology Solutions and Digitally-Led Customer Experiences segments. The Technology Solutions segment offers a range of telecommunications products and services; network services; healthcare services; mobile technologies equipment; data services, such as internet protocol; television; hosting, managed information technology, and cloud-based services; software, data management, and data analytics-driven smart food-chain and consumer goods technologies; home and business security; healthcare software and technology solutions; and voice and other telecommunications services, as well as mobile and fixed voice and data telecommunications services and products.