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

TD Private Client Wealth LLC reduced its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 64.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,776 shares of the Wireless communications provider’s stock after selling 6,797 shares during the period. TD Private Client Wealth LLC’s holdings in TELUS were worth $51,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Versant Capital Management Inc increased its stake in shares of 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 valued at $26,000 after buying an additional 1,951 shares during the period. Avior Wealth Management LLC lifted its stake in TELUS by 1,756.0% in the fourth quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider’s stock valued at $65,000 after buying an additional 4,548 shares during the period. Blueshift Asset Management LLC acquired a new stake in TELUS in the fourth quarter worth $142,000. Triasima Portfolio Management inc. acquired a new stake in shares of TELUS in the 4th quarter valued at about $146,000. Finally, Orion Portfolio Solutions LLC increased its holdings in shares of TELUS by 25.6% during the third quarter. Orion Portfolio Solutions LLC now owns 15,270 shares of the Wireless communications provider’s stock valued at $256,000 after acquiring an additional 3,110 shares in the last quarter. 49.40% of the stock is currently owned by institutional investors.

TELUS Trading Up 0.9 %

Shares of TELUS stock opened at $13.91 on Wednesday. The stock has a fifty day moving average price of $14.84 and a 200-day moving average price of $15.24. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The firm has a market cap of $21.06 billion, a PE ratio of 28.39, a P/E/G ratio of 5.18 and a beta of 0.72. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.68 and a quick ratio of 0.61.

TELUS (NYSE:TU) (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. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same quarter in the prior year, the firm posted $0.10 EPS. Equities research analysts anticipate that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.