Rockefeller Capital Management L.P. Sells 65,978 Shares of TELUS Co. (NYSE:TU)

Rockefeller Capital Management L.P. cut its holdings in shares of TELUS Co. (NYSE:TU - Free Report) TSE: T by 27.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,380 shares of the Wireless communications provider's stock after selling 65,978 shares during the period. Rockefeller Capital Management L.P.'s holdings in TELUS were worth $2,337,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of TELUS by 195,100.0% during the fourth quarter. Versant Capital Management Inc now owns 1,952 shares of the Wireless communications provider's stock worth $26,000 after acquiring an additional 1,951 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of TELUS by 1,756.0% in the 4th quarter. Avior Wealth Management LLC now owns 4,807 shares of the Wireless communications provider's stock valued at $65,000 after purchasing an additional 4,548 shares during the period. Blueshift Asset Management LLC acquired a new position in shares of TELUS during the fourth quarter worth about $142,000. Triasima Portfolio Management inc. bought a new position in shares of TELUS during the fourth quarter worth about $146,000. Finally, Legal & General Group Plc acquired a new stake in TELUS in the 4th quarter valued at approximately $190,000. 49.40% of the stock is currently owned by institutional investors.

TELUS Stock Up 0.3 %

TU traded up $0.04 during trading on Tuesday, reaching $15.18. 3,072,306 shares of the stock were exchanged, compared to its average volume of 2,855,654. The stock has a market cap of $22.98 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. 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's 50 day moving average price is $14.88 and its two-hundred day moving average price is $14.92. TELUS Co. has a twelve month low of $13.24 and a twelve month high of $17.27.

TELUS (NYSE:TU - Get Free Report) TSE: T last issued its earnings results on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.64 billion. TELUS had a net margin of 4.85% and a return on equity of 9.07%. During the same period in the prior year, the firm earned $0.10 EPS. Equities analysts expect that TELUS Co. will post 0.71 EPS for the current year.

TELUS Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 11th were paid a $0.2829 dividend. This represents a $1.13 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date of this dividend was Tuesday, March 11th. TELUS's dividend payout ratio (DPR) is presently 226.53%.

Analysts Set New Price Targets

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

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.