TD Waterhouse Canada Inc. Trims Stake in TELUS Co. (NYSE:TU)

TD Waterhouse Canada Inc. trimmed its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,993,010 shares of the Wireless communications provider's stock after selling 64,313 shares during the period. TELUS accounts for 1.1% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 23rd biggest position. TD Waterhouse Canada Inc. owned about 0.67% of TELUS worth $135,164,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bank of Nova Scotia raised its position in shares of TELUS by 28.3% during the 4th quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock valued at $409,662,000 after buying an additional 6,659,564 shares in the last quarter. Norges Bank bought a new position in TELUS in the fourth quarter valued at $70,212,000. Mufg Securities Canada LTD. raised its position in TELUS by 68.9% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,236,163 shares of the Wireless communications provider's stock valued at $30,299,000 after purchasing an additional 912,277 shares in the last quarter. Vanguard Group Inc. lifted its stake in TELUS by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,801,407 shares of the Wireless communications provider's stock worth $349,841,000 after purchasing an additional 903,921 shares during the last quarter. Finally, Guardian Partners Inc. purchased a new position in shares of TELUS in the 4th quarter worth about $12,325,000. Institutional investors own 49.40% of the company's stock.

Analyst Upgrades and Downgrades

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

TELUS Trading Down 0.4 %

TU stock traded down $0.06 during trading on Friday, hitting $14.98. 1,952,791 shares of the company traded hands, compared to its average volume of 2,859,106. The firm has a market capitalization of $22.68 billion, a PE ratio of 30.57, a P/E/G ratio of 5.18 and a beta of 0.70. 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 company has a 50-day moving average of $14.86 and a 200-day moving average of $14.90. 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 posted its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $3.64 billion. During the same period in the prior year, the business posted $0.10 earnings per share. Analysts predict that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.2829 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. TELUS's dividend payout ratio (DPR) is presently 226.53%.

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.