Bernicke Wealth Management Ltd. buys $944,678 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Bernicke Wealth Management Ltd. scooped up 113 additional shares in TELUS Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 28,032 shares of TELUS Corporation (USA) which is valued at $944,678.TELUS Corporation (USA) makes up approximately 0.83% of Bernicke Wealth Management Ltd.’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in TU by selling 288,300 shares or 21.77% in the most recent quarter. The Hedge Fund company now holds 1,036,264 shares of TU which is valued at $34,922,097. TELUS Corporation (USA) makes up approx 0.42% of Public Sector Pension Investment Board’s portfolio.Ubs Asset Management Americas Inc boosted its stake in TU in the latest quarter, The investment management firm added 23,457 additional shares and now holds a total of 811,258 shares of TELUS Corporation (USA) which is valued at $27,452,971. TELUS Corporation (USA) makes up approx 0.03% of Ubs Asset Management Americas Inc’s portfolio.Letko Brosseau Associates Inc boosted its stake in TU in the latest quarter, The investment management firm added 32,619 additional shares and now holds a total of 10,254,571 shares of TELUS Corporation (USA) which is valued at $338,605,934. TELUS Corporation (USA) makes up approx 3.11% of Letko Brosseau Associates Inc’s portfolio.Agf Investments boosted its stake in TU in the latest quarter, The investment management firm added 148,696 additional shares and now holds a total of 1,933,642 shares of TELUS Corporation (USA) which is valued at $63,462,130. TELUS Corporation (USA) makes up approx 0.69% of Agf Investments’s portfolio.

TELUS Corporation (USA) opened for trading at $33.71 and hit $33.71 on the upside on Tuesday, eventually ending the session at $33.56, with a gain of 0.03% or 0.01 points. The heightened volatility saw the trading volume jump to 1,17,110 shares. Company has a market cap of $19,868 M.

On the company’s financial health, TELUS Corporation (USA) reported $0.70 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 5, 2016. Analyst had a consensus of $0.69. The company had revenue of $3148.00 million for the quarter, compared to analysts expectations of $3186.14 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on TELUS Corporation (USA). TELUS Corporation (USA) was Upgraded by Desjardins to ” Buy” on Aug 11, 2016.

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.

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