Portland Investment Counsel buys $1,353,139 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Portland Investment Counsel scooped up 6,500 additional shares in BCE (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 27,751 shares of BCE (USA) which is valued at $1,353,139.BCE (USA) makes up approximately 1.93% of Portland Investment Counsel’s portfolio.

Other Hedge Funds, Including , Baird Financial Group reduced its stake in BCE by selling 106 shares or 0.48% in the most recent quarter. The Hedge Fund company now holds 22,095 shares of BCE which is valued at $1,077,352. BCE (USA) makes up approx 0.01% of Baird Financial Group’s portfolio.Blackrock Group Ltd boosted its stake in BCE in the latest quarter, The investment management firm added 940 additional shares and now holds a total of 16,050 shares of BCE (USA) which is valued at $782,598.Westport Resources Management Inc reduced its stake in BCE by selling 198 shares or 3.5% in the most recent quarter. The Hedge Fund company now holds 5,463 shares of BCE which is valued at $266,376. BCE (USA) makes up approx 0.08% of Westport Resources Management Inc’s portfolio.

BCE (USA) opened for trading at $48.35 and hit $48.36 on the upside on Tuesday, eventually ending the session at $48, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 5,88,944 shares. Company has a market cap of $41,736 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.

Investors should note that on Aug 4, 2016, BCE (USA) announced a cash dividend of $0.6825. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 15, 2016.

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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