Rhumbline Advisers Sells 27,229 Shares of TELUS Co. (NYSE:TU)

Rhumbline Advisers reduced its position in TELUS Co. (NYSE:TU - Free Report) TSE: T by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,647 shares of the Wireless communications provider's stock after selling 27,229 shares during the quarter. Rhumbline Advisers' holdings in TELUS were worth $1,541,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Public Sector Pension Investment Board lifted its stake in TELUS by 2.0% in the 3rd 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 in the last quarter. Versant Capital Management Inc raised its position 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 buying an additional 1,951 shares in the last quarter. Northwest & Ethical Investments L.P. boosted its stake in TELUS by 0.5% during the third quarter. Northwest & Ethical Investments L.P. now owns 449,777 shares of the Wireless communications provider's stock valued at $7,547,000 after buying an additional 2,196 shares during the period. Crossmark Global Holdings Inc. boosted its stake in TELUS by 3.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 87,419 shares of the Wireless communications provider's stock valued at $1,185,000 after buying an additional 2,840 shares during the period. Finally, Cerity Partners LLC grew its position in TELUS by 7.5% during the third quarter. Cerity Partners LLC now owns 42,341 shares of the Wireless communications provider's stock worth $710,000 after buying an additional 2,964 shares in the last quarter. Hedge funds and other institutional investors own 49.40% of the company's stock.

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Wall Street Analyst Weigh In

TU has been the topic of a number of recent analyst reports. National Bank Financial downgraded shares of TELUS from an "outperform" rating to a "sector perform" rating in a research note on Friday, December 13th. 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. Cormark downgraded shares of TELUS from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Finally, StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $26.00.

TELUS Trading Up 1.3 %

Shares of TU stock traded up $0.20 on Friday, hitting $15.82. 4,147,513 shares of the company's stock traded hands, compared to its average volume of 2,676,670. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68. The stock has a market capitalization of $23.72 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 5.18 and a beta of 0.72. The company's fifty day simple moving average is $14.58 and its 200 day simple moving average is $15.38. TELUS Co. has a one year low of $13.24 and a one year high of $17.50.

TELUS (NYSE:TU - Get Free Report) TSE: T last posted its quarterly earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $3.64 billion. During the same period last year, the company earned $0.10 EPS. Equities analysts forecast that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 11th will be issued a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 7.15%. The ex-dividend date of this dividend is Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.

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.