TELUS Co. (NYSE:TU) Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. trimmed its stake in TELUS Co. (NYSE:TU - Free Report) TSE: T by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,993,010 shares of the Wireless communications provider's stock after selling 64,313 shares during the period. TELUS comprises 1.1% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 23rd biggest holding. TD Waterhouse Canada Inc. owned approximately 0.67% of TELUS worth $135,164,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in TU. Bank of Nova Scotia boosted its position in shares of TELUS by 28.3% during the fourth quarter. Bank of Nova Scotia now owns 30,219,141 shares of the Wireless communications provider's stock worth $409,662,000 after buying an additional 6,659,564 shares during the period. Norges Bank purchased a new position in TELUS during the 4th quarter valued at about $70,212,000. Mufg Securities Canada LTD. increased its stake in TELUS by 68.9% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,236,163 shares of the Wireless communications provider's stock worth $30,299,000 after purchasing an additional 912,277 shares during the period. Vanguard Group Inc. lifted its position in shares of TELUS by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 25,801,407 shares of the Wireless communications provider's stock worth $349,841,000 after purchasing an additional 903,921 shares in the last quarter. Finally, Guardian Partners Inc. acquired a new stake in TELUS during the 4th quarter worth approximately $12,325,000. 49.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TU has been the topic of a number of recent research reports. StockNews.com raised TELUS from a "sell" rating to a "hold" rating in a research report on Monday, February 10th. Bank of America cut TELUS from a "buy" rating to a "neutral" rating in a research note on Friday, March 21st. Finally, Cormark lowered shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold".

TELUS Stock Down 0.4 %

NYSE TU traded down $0.06 during trading on Thursday, reaching $15.04. 1,746,222 shares of the company's stock were exchanged, compared to its average volume of 2,859,358. The company has a 50 day moving average price of $14.87 and a two-hundred day moving average price of $14.92. The stock has a market cap of $22.77 billion, a P/E ratio of 30.69, a price-to-earnings-growth ratio of 5.18 and a beta of 0.70. TELUS Co. has a 1 year low of $13.24 and a 1 year high of $17.27. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.61 and a current ratio of 0.68.

TELUS (NYSE:TU - Get Free Report) TSE: T last released its quarterly earnings data on Thursday, February 13th. The Wireless communications provider reported $0.18 earnings per share for the quarter, topping 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 quarter last year, the company earned $0.10 earnings per share. On average, equities research analysts anticipate that TELUS Co. will post 0.71 EPS for the current fiscal year.

TELUS Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 11th were issued a $0.2829 dividend. This represents a $1.13 annualized dividend and a dividend yield of 7.52%. The ex-dividend date was Tuesday, March 11th. TELUS's payout ratio is currently 226.53%.

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.