Cumberland Partners Ltd Lowers Holdings in TELUS Co. (NYSE:TU)

Cumberland Partners Ltd cut its stake in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 83.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,424 shares of the Wireless communications provider's stock after selling 66,400 shares during the quarter. Cumberland Partners Ltd's holdings in TELUS were worth $182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of TU. Blue Trust Inc. increased its position in shares of TELUS by 58.0% in the third quarter. Blue Trust Inc. now owns 4,001 shares of the Wireless communications provider's stock valued at $67,000 after acquiring an additional 1,468 shares during the period. Public Sector Pension Investment Board boosted its holdings in shares of TELUS by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 77,198 shares of the Wireless communications provider's stock worth $1,297,000 after purchasing an additional 1,500 shares during the period. Versant Capital Management Inc grew 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 worth $26,000 after purchasing an additional 1,951 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings in TELUS by 0.5% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider's stock valued at $7,547,000 after purchasing an additional 2,196 shares during the period. Finally, Crossmark Global Holdings Inc. raised its position in TELUS by 3.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock valued at $1,185,000 after purchasing an additional 2,840 shares during the last quarter. 49.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on TU. Scotiabank upgraded TELUS from a "sector perform" rating to a "sector outperform" rating in a research report on Monday, October 28th. StockNews.com upgraded shares of TELUS from a "sell" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley assumed coverage on shares of TELUS in a report on Monday, December 16th. They issued an "equal weight" rating for the company. Finally, National Bank Financial cut shares of TELUS from an "outperform" rating to a "sector perform" rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $26.00.

TELUS Stock Up 1.2 %

Shares of NYSE:TU traded up $0.19 during trading on Friday, hitting $15.60. The stock had a trading volume of 3,481,837 shares, compared to its average volume of 3,785,272. The company has a market capitalization of $23.39 billion, a PE ratio of 31.83, a PEG ratio of 5.09 and a beta of 0.75. The company has a quick ratio of 0.61, a current ratio of 0.68 and a debt-to-equity ratio of 1.52. The firm's fifty day moving average is $14.21 and its 200 day moving average is $15.42. TELUS Co. has a 12 month low of $13.24 and a 12 month high of $18.16.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3.85 billion during the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the company earned $0.10 earnings per share. Analysts anticipate that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.2829 per share. This represents a $1.13 annualized dividend and a yield of 7.26%. The ex-dividend date is Tuesday, March 11th. TELUS's payout ratio is currently 224.49%.

TELUS 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.