TD Private Client Wealth LLC Has $51,000 Stock Holdings in TELUS Co. (NYSE:TU)

TD Private Client Wealth LLC decreased its stake in shares of TELUS Co. (NYSE:TU) (TSE:T) by 64.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,776 shares of the Wireless communications provider’s stock after selling 6,797 shares during the quarter. TD Private Client Wealth LLC’s holdings in TELUS were worth $51,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Barclays PLC raised its position in TELUS by 38.5% during the third quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider’s stock worth $7,839,000 after acquiring an additional 129,934 shares in the last quarter. FMR LLC lifted its stake in TELUS by 192.0% in the 3rd quarter. FMR LLC now owns 1,326,632 shares of the Wireless communications provider’s stock valued at $22,257,000 after purchasing an additional 872,235 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in TELUS by 132.4% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 479,785 shares of the Wireless communications provider’s stock worth $8,048,000 after purchasing an additional 273,368 shares during the period. Duff & Phelps Investment Management Co. increased its position in TELUS by 13.5% during the third quarter. Duff & Phelps Investment Management Co. now owns 2,666,500 shares of the Wireless communications provider’s stock worth $44,785,000 after buying an additional 317,000 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc raised its stake in TELUS by 6.9% in the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider’s stock valued at $13,785,000 after buying an additional 65,940 shares during the period. Institutional investors own 49.40% of the company’s stock.

TELUS Trading Up 0.9 %

Shares of TELUS stock opened at $13.91 on Wednesday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The firm has a 50-day moving average of $14.84 and a 200-day moving average of $15.24. TELUS Co. has a 52-week low of $13.24 and a 52-week high of $17.27. The stock has a market cap of $21.06 billion, a PE ratio of 28.39, a PEG ratio of 5.18 and a beta of 0.72.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the firm earned $0.10 earnings per share. As a group, sell-side analysts forecast that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.2829 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.13 annualized dividend and a yield of 8.13%. TELUS’s dividend payout ratio is presently 226.53%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Morgan Stanley initiated coverage on TELUS in a report on Monday, December 16th. They set an “equal weight” rating on the stock. Cormark lowered shares of TELUS from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of TELUS from a “sell” rating to a “hold” rating in a report on Monday, February 10th. Bank of America lowered shares of TELUS from a “buy” rating to a “neutral” rating in a research note on Friday, March 21st. Finally, National Bank Financial downgraded shares of TELUS from an “outperform” rating to a “sector perform” rating in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, TELUS presently has an average rating of “Hold”.

TELUS Company Profile

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.