Great West Life Assurance Co Can Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Great West Life Assurance Co Can reduced its stake in BCE (USA) by 4.08% during the most recent quarter end. The investment management company now holds a total of 7,432,516 shares of BCE (USA) which is valued at $351,260,706 after selling 316,220 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.BCE (USA) makes up approximately 1.03% of Great West Life Assurance Co Can’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… boosted its stake in BCE in the latest quarter, The investment management firm added 408,989 additional shares and now holds a total of 3,015,794 shares of BCE (USA) which is valued at $142,526,424. BCE (USA) makes up approx 1.79% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio.World Asset Management Inc boosted its stake in BCE in the latest quarter, The investment management firm added 4,212 additional shares and now holds a total of 53,682 shares of BCE (USA) which is valued at $2,537,011. BCE (USA) makes up approx 0.09% of World Asset Management Inc’s portfolio.Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in BCE by selling 130,376 shares or 70.89% in the most recent quarter. The Hedge Fund company now holds 53,542 shares of BCE which is valued at $2,530,395. BCE (USA) makes up approx 0.03% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Chemung Canal Trust Co reduced its stake in BCE by selling 3,674 shares or 10.65% in the most recent quarter. The Hedge Fund company now holds 30,828 shares of BCE which is valued at $1,476,353. BCE (USA) makes up approx 0.34% of Chemung Canal Trust Co’s portfolio.John G Ullman Associates Inc reduced its stake in BCE by selling 2,762 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 203,166 shares of BCE which is valued at $9,749,936. BCE (USA) makes up approx 1.93% of John G Ullman Associates Inc’s portfolio.

BCE (USA) opened for trading at $47.64 and hit $47.83 on the upside on Monday, eventually ending the session at $47.74, with a gain of 0.15% or 0.07 points. The heightened volatility saw the trading volume jump to 5,90,391 shares. Company has a market cap of $41,510 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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