Montrusco Bolton Investments buys $99,648,725 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Montrusco Bolton Investments scooped up 1,912,830 additional shares in TELUS Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 20, 2016. The investment management firm now holds a total of 2,979,926 shares of TELUS Corporation (USA) which is valued at $99,648,725.TELUS Corporation (USA) makes up approximately 6.09% of Montrusco Bolton Investments’s portfolio.

Other Hedge Funds, Including , Nikko Asset Management Americas boosted its stake in TU in the latest quarter, The investment management firm added 17,700 additional shares and now holds a total of 23,800 shares of TELUS Corporation (USA) which is valued at $788,970. TELUS Corporation (USA) makes up approx 0.07% of Nikko Asset Management Americas’s portfolio.Simplex Trading reduced its stake in TU by selling 1,010 shares or 56.81% in the most recent quarter. The Hedge Fund company now holds 768 shares of TU which is valued at $25,459.Nn Investment Partners Holdings N.v. boosted its stake in TU in the latest quarter, The investment management firm added 121 additional shares and now holds a total of 44,142 shares of TELUS Corporation (USA) which is valued at $1,472,577. TELUS Corporation (USA) makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Cardinal Capital Management reduced its stake in TU by selling 17,540 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 1,403,993 shares of TU which is valued at $46,135,210. TELUS Corporation (USA) makes up approx 5.04% of Cardinal Capital Management’s portfolio.Beutel Goodman Co Ltd. boosted its stake in TU in the latest quarter, The investment management firm added 183,325 additional shares and now holds a total of 11,932,227 shares of TELUS Corporation (USA) which is valued at $392,092,979. TELUS Corporation (USA) makes up approx 3.95% of Beutel Goodman Co Ltd.’s portfolio.

TELUS Corporation (USA) opened for trading at $33.06 and hit $33.28 on the upside on Wednesday, eventually ending the session at $33.15, with a gain of 0.15% or 0.05 points. The heightened volatility saw the trading volume jump to 1,41,167 shares. Company has a market cap of $19,658 M.

On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, based on the information available during the earnings call on May 5, 2016. Analyst had a consensus estimate of $0.70. The company had revenue of $3108.00 million for the quarter, compared to analysts expectations of $3114.32 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

TELUS Corporation (TELUS) is a telecommunications company. The Company operates through two business segments: wireless segment and wireline segment. The wireless segment includes 8.1 million wireless subscribers. The wireline segment includes 3.2 million wireline network access lines (NALs). The Company provides a range of telecommunications services and products including wireless and wireline voice and data; TELUS TV a high-definition entertainment service with Optik TV and TELUS Satellite TV (TELUS Satellite TV is offered only in British Columbia and Alberta); Internet Protocol networks and applications; contact center and business process outsourcing solutions; hosting managed IT and cloud-based services around Internet of Things; TELUS Health’s technology including pharmacy management electronic medical and health record remote patient monitoring and online settlement claims management solutions and conferencing and collaboration equipment and application solutions.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *