Marshall Wace LLP Has $2.25 Million Holdings in TELUS Co. (NYSE:TU)

Marshall Wace LLP lessened its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 58.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,655 shares of the Wireless communications provider's stock after selling 236,464 shares during the period. Marshall Wace LLP's holdings in TELUS were worth $2,246,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System raised its position in shares of TELUS by 1.6% during the 4th quarter. Maryland State Retirement & Pension System now owns 88,180 shares of the Wireless communications provider's stock valued at $1,197,000 after acquiring an additional 1,346 shares in the last quarter. Hillsdale Investment Management Inc. grew its position in shares of TELUS by 7.4% during the 4th quarter. Hillsdale Investment Management Inc. now owns 21,733 shares of the Wireless communications provider's stock valued at $294,000 after buying an additional 1,500 shares during the last quarter. Versant Capital Management Inc raised its stake in TELUS by 195,100.0% during 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. Crossmark Global Holdings Inc. lifted its holdings in TELUS by 3.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock worth $1,185,000 after acquiring an additional 2,840 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its stake in TELUS by 20.4% in the fourth quarter. Ingalls & Snyder LLC now owns 22,980 shares of the Wireless communications provider's stock valued at $312,000 after acquiring an additional 3,900 shares during the period. 49.40% of the stock is owned by institutional investors and hedge funds.

TELUS Stock Performance

TU stock traded up $0.23 on Wednesday, reaching $15.38. The company's stock had a trading volume of 2,237,301 shares, compared to its average volume of 2,852,661. The firm has a fifty day moving average of $14.85 and a two-hundred day moving average of $14.88. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61. The company has a market capitalization of $23.29 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. TELUS Co. has a 52 week low of $13.24 and a 52 week high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. TELUS had a return on equity of 9.07% and a net margin of 4.85%. The company had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company earned $0.10 earnings per share. As a group, analysts predict that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders 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 7.36%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.

Wall Street Analysts Forecast Growth

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