Bank Of Hawaii buys $6,278,680 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Bank Of Hawaii scooped up 7,454 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 132,854 shares of BCE (USA) which is valued at $6,278,680.BCE (USA) makes up approximately 0.66% of Bank Of Hawaii’s portfolio.

Other Hedge Funds, Including , Uss Investment Management Ltd reduced its stake in BCE by selling 19,700 shares or 12.74% in the most recent quarter. The Hedge Fund company now holds 134,928 shares of BCE which is valued at $6,376,697. BCE (USA) makes up approx 0.11% of Uss Investment Management Ltd’s portfolio.Garrison Financial Corp reduced its stake in BCE by selling 1,185 shares or 8.4% in the most recent quarter. The Hedge Fund company now holds 12,925 shares of BCE which is valued at $613,291. BCE (USA) makes up approx 0.40% of Garrison Financial Corp’s portfolio.Jones Collombin Investment Counsel Inc reduced its stake in BCE by selling 7,261 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 307,770 shares of BCE which is valued at $14,769,882. BCE (USA) makes up approx 4.26% of Jones Collombin Investment Counsel Inc’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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