Bank of New York Mellon Corp Has $9.42 Million Holdings in TELUS Co. (TU)
Bank of New York Mellon Corp boosted its position in shares of TELUS Co. (NYSE:TU) (TSE:T) by 13.2% in the 2nd quarter, HoldingsChannel reports. The fund 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 SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of TELUS in the 1st quarter valued at $113,000. Cubist Systematic Strategies LLC acquired a new position in shares of TELUS in the 1st quarter valued at $125,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of TELUS in the 1st quarter valued at $235,000. Chicago Capital LLC acquired a new position in shares of TELUS in the 2nd quarter valued at $258,000. Finally, Aperio Group LLC boosted its holdings 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 buying an additional 1,721 shares in the last quarter. Institutional investors own 50.57% of the company’s stock.
Shares of TELUS stock opened at $36.70 on Thursday. TELUS Co. has a 12-month low of $34.28 and a 12-month high of $38.50. The company has a quick ratio of 0.78, a current ratio of 0.85 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $21.68 billion, a PE ratio of 17.95, a P/E/G ratio of 2.10 and a beta of 0.83.
The firm also recently declared 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 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Friday, September 7th. TELUS’s dividend payout ratio is currently 79.31%.
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.
Recommended Story: How are the companies in the S&P 500 selected?
Want to see what other hedge funds are holding TU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TELUS Co. (NYSE:TU) (TSE:T).
Receive News & Ratings for TELUS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TELUS and related companies with MarketBeat.com's FREE daily email newsletter.