TELUS Co. (TU) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in TELUS Co. (NYSE:TU) (TSE:T) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 265,190 shares of the Wireless communications provider’s stock after acquiring an additional 30,862 shares during the period. Bank of New York Mellon Corp’s holdings in TELUS were worth $9,417,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC raised its stake in shares of TELUS by 30.4% in the 1st quarter. Aperio Group LLC now owns 7,373 shares of the Wireless communications provider’s stock valued at $259,000 after acquiring an additional 1,721 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of TELUS by 13.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 16,959 shares of the Wireless communications provider’s stock valued at $596,000 after acquiring an additional 2,043 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in shares of TELUS by 10.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 26,502 shares of the Wireless communications provider’s stock valued at $941,000 after acquiring an additional 2,505 shares during the period. Heathbridge Capital Management Ltd. increased its stake in TELUS by 0.4% during the 2nd quarter. Heathbridge Capital Management Ltd. now owns 733,900 shares of the Wireless communications provider’s stock worth $26,028,000 after buying an additional 2,600 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in TELUS during the 1st quarter worth approximately $113,000. 50.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of TU opened at $36.70 on Thursday. TELUS Co. has a fifty-two week low of $34.28 and a fifty-two week high of $38.50. The company has a market cap of $21.68 billion, a P/E ratio of 17.95, a price-to-earnings-growth ratio of 2.10 and a beta of 0.83. The company has a current ratio of 0.85, a quick ratio of 0.78 and a debt-to-equity ratio of 1.35.

TELUS (NYSE:TU) (TSE:T) last announced its earnings results on Friday, August 3rd. The Wireless communications provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. TELUS had a net margin of 10.61% and a return on equity of 17.45%. The firm had revenue of $3.45 billion for the quarter, compared to the consensus estimate of $3.45 billion. During the same period in the prior year, the firm earned $0.70 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. research analysts forecast that TELUS Co. will post 2.16 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Investors of record on Monday, September 10th will be paid a dividend of $0.404 per share. This represents a $1.62 annualized dividend and a yield of 4.40%. The ex-dividend date is Friday, September 7th. TELUS’s payout ratio is currently 79.31%.

About TELUS

TELUS Corporation, together with its subsidiaries, provides a range of telecommunications products and services in Canada. It operates through Wireless and Wireline segments. The company's telecommunications products and services comprise wireless and wireline voice and data services; data services, including Internet protocol; television services; hosting, managed information technology, and security and cloud-based services; healthcare solutions; business process outsourcing; and security solutions.

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Institutional Ownership by Quarter for TELUS (NYSE:TU)

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