TELUS Co. (NYSE:TU) Shares Sold by Mirabella Financial Services LLP

Mirabella Financial Services LLP decreased its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 78.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,587 shares of the Wireless communications provider's stock after selling 211,695 shares during the quarter. Mirabella Financial Services LLP's holdings in TELUS were worth $780,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Versant Capital Management Inc lifted its stake in TELUS by 195,100.0% in the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 1,951 shares during the period. Avior Wealth Management LLC boosted its stake in shares of TELUS by 1,756.0% during the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock valued at $65,000 after purchasing an additional 4,548 shares in the last quarter. Blueshift Asset Management LLC purchased a new position in TELUS during the fourth quarter valued at approximately $142,000. Triasima Portfolio Management inc. bought a new position in TELUS in the fourth quarter worth approximately $146,000. Finally, Legal & General Group Plc purchased a new stake in TELUS during the fourth quarter worth $190,000. Institutional investors own 49.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TU. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a research report on Friday, March 21st. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold".

TELUS Price Performance

Shares of TELUS stock traded down $0.06 on Friday, hitting $14.98. The company's stock had a trading volume of 1,952,791 shares, compared to its average volume of 2,859,106. The company has a market capitalization of $22.68 billion, a price-to-earnings ratio of 30.57, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. The firm has a fifty day moving average price of $14.86 and a 200-day moving average price of $14.90. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last announced its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same quarter last year, the business earned $0.10 earnings per share. As a group, sell-side analysts anticipate that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were given a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. The ex-dividend date was Tuesday, March 11th. TELUS's payout ratio is 226.53%.

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.