O Shaughnessy Asset Management LLC Sells 70,690 Shares of TELUS Co. (NYSE:TU)

O Shaughnessy Asset Management LLC decreased its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 79.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,190 shares of the Wireless communications provider's stock after selling 70,690 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in TELUS were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in TU. Versant Capital Management Inc grew its stake in 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 acquiring an additional 1,951 shares during the period. Avior Wealth Management LLC increased its stake in TELUS by 1,756.0% during the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock worth $65,000 after purchasing an additional 4,548 shares in the last quarter. Blueshift Asset Management LLC bought a new position in TELUS in the fourth quarter valued at approximately $142,000. Triasima Portfolio Management inc. bought a new stake in shares of TELUS during the fourth quarter worth $146,000. Finally, Orion Portfolio Solutions LLC raised 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 worth $256,000 after acquiring an additional 3,110 shares during the period. Institutional investors and hedge funds own 49.40% of the company's stock.

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TELUS Stock Up 1.6 %

Shares of TELUS stock traded up $0.23 during trading hours on Thursday, reaching $14.99. 418,341 shares of the company's stock were exchanged, compared to its average volume of 2,832,929. TELUS Co. has a fifty-two week low of $13.24 and a fifty-two week high of $17.27. The stock has a market cap of $22.70 billion, a P/E ratio of 30.53, a P/E/G ratio of 5.18 and a beta of 0.70. 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 company has a 50 day moving average of $14.85 and a two-hundred day moving average of $14.97.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, beating 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 period last year, the business earned $0.10 earnings per share. On average, sell-side analysts forecast that TELUS Co. will post 0.71 EPS 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 was Tuesday, March 11th. This represents a $1.13 annualized dividend and a dividend yield of 7.55%. TELUS's dividend payout ratio is currently 226.53%.

Analyst Upgrades and Downgrades

A number of 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 note on Monday, February 10th. Bank of America downgraded TELUS from a "buy" rating to a "neutral" rating in a report on Friday, March 21st. Finally, Cormark cut 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average 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.