Mirabella Financial Services LLP Sells 211,695 Shares of TELUS Co. (NYSE:TU)

Mirabella Financial Services LLP cut its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 78.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,587 shares of the Wireless communications provider's stock after selling 211,695 shares during the quarter. Mirabella Financial Services LLP's holdings in TELUS were worth $780,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TU. Barclays PLC grew its position in shares of TELUS by 38.5% in the 3rd quarter. Barclays PLC now owns 467,148 shares of the Wireless communications provider's stock valued at $7,839,000 after acquiring an additional 129,934 shares during the period. American Century Companies Inc. grew its holdings in TELUS by 4.6% during the fourth quarter. American Century Companies Inc. now owns 119,665 shares of the Wireless communications provider's stock worth $1,623,000 after purchasing an additional 5,286 shares during the period. AEGON ASSET MANAGEMENT UK Plc increased its position in TELUS by 6.9% during the fourth quarter. AEGON ASSET MANAGEMENT UK Plc now owns 1,017,200 shares of the Wireless communications provider's stock worth $13,785,000 after buying an additional 65,940 shares during the last quarter. Nexus Investment Management ULC raised its stake in TELUS by 1.8% in the fourth quarter. Nexus Investment Management ULC now owns 2,225,265 shares of the Wireless communications provider's stock valued at $30,103,000 after buying an additional 38,450 shares during the period. Finally, Centre Asset Management LLC acquired a new stake in shares of TELUS in the fourth quarter valued at approximately $6,946,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

TELUS Stock Performance

TU stock traded down $0.06 during trading hours on Thursday, hitting $15.04. 1,746,222 shares of the stock were exchanged, compared to its average volume of 2,859,358. TELUS Co. has a 12 month low of $13.24 and a 12 month high of $17.27. The company has a current ratio of 0.68, a quick ratio of 0.61 and a debt-to-equity ratio of 1.52. The firm has a market capitalization of $22.77 billion, a P/E ratio of 30.69, a P/E/G ratio of 5.18 and a beta of 0.70. The company has a 50-day simple moving average of $14.87 and a two-hundred day simple moving average of $14.92.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. TELUS had a net margin of 4.85% and a return on equity of 9.07%. The business had revenue of $3.85 billion during the quarter, compared to analysts' expectations of $3.64 billion. During the same quarter in the previous year, the company earned $0.10 EPS. On average, analysts forecast that TELUS Co. will post 0.71 earnings per share for the current fiscal year.

TELUS Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were given a dividend of $0.2829 per share. This represents a $1.13 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio is currently 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.