The Tealwood Asset Management Inc. Sold shares of Telus Corp. (TU)

The Tealwood Asset Management Inc. Sold shares of Telus Corp. (TU)

Tealwood Asset Management Inc. decreased its stake in Telus Corp. (NYSE:TU) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 120,104 shares of the company’s stock after selling 840 shares during the period. Telus Corp. comprises approximately 1.7% of Tealwood Asset Management Inc.’s portfolio, making the stock its 19th largest position. Tealwood Asset Management Inc.’s holdings in Telus Corp. were worth $3,867,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. boosted its stake in shares of Telus Corp. by 0.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 44,142 shares of the company’s stock valued at $1,422,000 after buying an additional 121 shares in the last quarter. Carnick & Kubik LLC boosted its stake in shares of Telus Corp. by 1.4% in the first quarter. Carnick & Kubik LLC now owns 18,726 shares of the company’s stock valued at $609,000 after buying an additional 265 shares in the last quarter. Callahan Advisors LLC boosted its stake in shares of Telus Corp. by 3.5% in the second quarter. Callahan Advisors LLC now owns 18,175 shares of the company’s stock valued at $585,000 after buying an additional 610 shares in the last quarter. Highstreet Asset Management Inc. boosted its stake in shares of Telus Corp. by 0.3% in the second quarter. Highstreet Asset Management Inc. now owns 281,239 shares of the company’s stock valued at $9,053,000 after buying an additional 808 shares in the last quarter. Finally, Bernicke & Associates LTD boosted its stake in shares of Telus Corp. by 6.1% in the first quarter. Bernicke & Associates LTD now owns 27,919 shares of the company’s stock valued at $908,000 after buying an additional 1,604 shares in the last quarter. Hedge funds and other institutional investors own 52.94% of the company’s stock.

Telus Corp. (NYSE:TU) traded up 0.03% during trading on Friday, hitting $32.51. 172,644 shares of the company were exchanged. The company has a 50-day moving average of $32.63 and a 200-day moving average of $32.37. The company has a market capitalization of $19.25 billion, a price-to-earnings ratio of 18.05 and a beta of 0.90. Telus Corp. has a 12 month low of $24.34 and a 12 month high of $34.12.

Telus Corp. (NYSE:TU) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.01. Telus Corp. had a net margin of 11.26% and a return on equity of 19.92%. The firm earned $3.15 billion during the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter last year, the business earned $0.66 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Analysts forecast that Telus Corp. will post $2.01 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a dividend of $0.3505 per share. This represents a $1.40 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date was Wednesday, September 7th. Telus Corp.’s payout ratio is currently 77.78%.

Several analysts recently issued reports on the stock. Zacks Investment Research raised shares of Telus Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Desjardins raised shares of Telus Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Canaccord Genuity reaffirmed a “hold” rating on shares of Telus Corp. in a research note on Friday, August 5th. TheStreet raised shares of Telus Corp. from a “hold” rating to a “buy” rating in a research note on Friday, August 5th. Finally, Barclays PLC increased their price target on shares of Telus Corp. from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Monday, August 8th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Telus Corp. has an average rating of “Hold” and an average price target of $40.67.

About Telus Corp.

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, television (TV), hosting, managed information technology and cloud-based services, and certain healthcare solutions.

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