NBC Securities Inc. Reduces Holdings in TELUS Co. (NYSE:TU)

NBC Securities Inc. lessened its position in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 52.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 119,929 shares of the Wireless communications provider's stock after selling 131,055 shares during the quarter. NBC Securities Inc.'s holdings in TELUS were worth $2,133,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. VisionPoint Advisory Group LLC increased its position in shares of TELUS by 80.8% during the third quarter. VisionPoint Advisory Group LLC now owns 1,654 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 739 shares during the last quarter. Ingalls & Snyder LLC increased its holdings in TELUS by 5.8% in the 4th quarter. Ingalls & Snyder LLC now owns 18,180 shares of the Wireless communications provider's stock valued at $323,000 after purchasing an additional 1,000 shares during the last quarter. Wrapmanager Inc. raised its position in TELUS by 8.2% in the third quarter. Wrapmanager Inc. now owns 14,438 shares of the Wireless communications provider's stock valued at $236,000 after purchasing an additional 1,093 shares during the period. Oppenheimer & Co. Inc. lifted its stake in TELUS by 9.4% during the third quarter. Oppenheimer & Co. Inc. now owns 13,541 shares of the Wireless communications provider's stock worth $221,000 after purchasing an additional 1,162 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in shares of TELUS by 1.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 91,468 shares of the Wireless communications provider's stock worth $1,627,000 after buying an additional 1,418 shares during the period. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TU has been the topic of several research reports. Scotiabank reissued a "sector perform" rating and set a $26.00 target price (down previously from $28.00) on shares of TELUS in a research note on Monday, March 25th. StockNews.com cut shares of TELUS from a "hold" rating to a "sell" rating in a report on Tuesday, March 26th. Finally, BMO Capital Markets cut their target price on shares of TELUS from $27.00 to $26.00 and set an "outperform" rating on the stock in a research note on Monday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, TELUS presently has an average rating of "Hold" and an average target price of $27.72.

TELUS Stock Down 1.9 %

TELUS stock traded down $0.31 during trading on Friday, reaching $16.10. The stock had a trading volume of 4,331,018 shares, compared to its average volume of 2,283,364. The company has a quick ratio of 0.62, a current ratio of 0.67 and a debt-to-equity ratio of 1.35. TELUS Co. has a 52-week low of $15.35 and a 52-week high of $20.67. The stock has a market cap of $23.76 billion, a PE ratio of 41.28, a P/E/G ratio of 2.00 and a beta of 0.71. The business has a 50 day moving average price of $16.32 and a 200 day moving average price of $17.24.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its earnings results on Friday, February 9th. The Wireless communications provider reported $0.18 EPS for the quarter, beating the consensus estimate of $0.17 by $0.01. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.24 billion. TELUS had a return on equity of 7.87% and a net margin of 3.73%. TELUS's revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, analysts predict that TELUS Co. will post 0.76 EPS for the current year.

TELUS Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be paid a dividend of $0.282 per share. This is a positive change from TELUS's previous quarterly dividend of $0.28. This represents a $1.13 annualized dividend and a yield of 7.01%. The ex-dividend date is Monday, June 10th. TELUS's dividend payout ratio (DPR) is currently 287.18%.

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.

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