Agf Investments buys $98,805,301 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Agf Investments scooped up 720,752 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 2,090,675 shares of BCE (USA) which is valued at $98,805,301.BCE (USA) makes up approximately 1.08% of Agf Investments’s portfolio.

Other Hedge Funds, Including , Evercore Wealth Management boosted its stake in BCE in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 7,831 shares of BCE (USA) which is valued at $370,093. BCE (USA) makes up approx 0.02% of Evercore Wealth Management’s portfolio.Highstreet Asset Management boosted its stake in BCE in the latest quarter, The investment management firm added 107,144 additional shares and now holds a total of 233,445 shares of BCE (USA) which is valued at $11,203,026. BCE (USA) makes up approx 3.82% of Highstreet Asset Management’s portfolio.Fcm Investmentstx boosted its stake in BCE in the latest quarter, The investment management firm added 3,607 additional shares and now holds a total of 32,002 shares of BCE (USA) which is valued at $1,535,776. BCE (USA) makes up approx 0.89% of Fcm Investmentstx’s portfolio.Bollard Group boosted its stake in BCE in the latest quarter, The investment management firm added 758 additional shares and now holds a total of 98,463 shares of BCE (USA) which is valued at $4,725,239. BCE (USA) makes up approx 0.32% of Bollard Group’s portfolio.Trust Co Of Vermont reduced its stake in BCE by selling 50 shares or 3.51% in the most recent quarter. The Hedge Fund company now holds 1,375 shares of BCE which is valued at $65,711. BCE (USA) makes up approx 0.01% of Trust Co Of Vermont’s portfolio.

BCE (USA) opened for trading at $47.67 and hit $48.0767 on the upside on Thursday, eventually ending the session at $47.94, with a gain of 1.44% or 0.68 points. The heightened volatility saw the trading volume jump to 7,80,368 shares. Company has a market cap of $41,642 M.

On the company’s financial health, BCE (USA) reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.91. The company had revenue of $5340.00 million for the quarter, compared to analysts expectations of $5378.48 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.

Many Wall Street Analysts have commented on BCE (USA). BCE (USA) was Downgraded by Citigroup to ” Neutral” on May 26, 2016.

BCE Inc. is a communications company. The Company provides residential business and wholesale customers with a range of solutions to all their communications needs including wireless high-speed Internet Internet protocol television (IPTV) and satellite TV business Internet protocol (IP) broadband and information and communications technology (ICT) services. The Company’s segments include Bell Wireless Bell Wireline and Bell Media. The Company’s Bell Wireless segment provides wireless services that are available to virtually all of the Canadian population. The Bell Wireline segment includes voice and data network; high-speed fiber deployment and bell direct to home (DTH) satellite television service. The Company’s Bell Media segment offers specialty and pay television radio digital media and out-of-home advertising. The Company through Bell media operates approximately 110 radio stations in over 50 markets across Canada.

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