Highstreet Asset Management buys $9,404,632 stake in TELUS Corporation (USA) (TU)

TELUS Corporation (USA) (TU) : Highstreet Asset Management scooped up 808 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 22, 2016. The investment management firm now holds a total of 281,239 shares of TELUS Corporation (USA) which is valued at $9,404,632.TELUS Corporation (USA) makes up approximately 3.21% of Highstreet Asset Management’s portfolio.

Other Hedge Funds, Including , Dorchester Wealth Management Co reduced its stake in TU by selling 825 shares or 0.52% in the most recent quarter. The Hedge Fund company now holds 157,038 shares of TU which is valued at $5,251,351. TELUS Corporation (USA) makes up approx 1.90% of Dorchester Wealth Management Co’s portfolio. Eqis Capital Management added TU to its portfolio by purchasing 6,412 company shares during the most recent quarter which is valued at $212,750. TELUS Corporation (USA) makes up approx 0.01% of Eqis Capital Management’s portfolio.Raymond James Trust N.a. reduced its stake in TU by selling 139 shares or 2.19% in the most recent quarter. The Hedge Fund company now holds 6,218 shares of TU which is valued at $204,323. TELUS Corporation (USA) makes up approx 0.02% of Raymond James Trust N.a.’s portfolio.

TELUS Corporation (USA) opened for trading at $33.42 and hit $33.74 on the upside on Friday, eventually ending the session at $33.45, with a gain of 0.48% or 0.16 points. The heightened volatility saw the trading volume jump to 2,21,762 shares. Company has a market cap of $19,836 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.

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