Cardinal Capital Management Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Cardinal Capital Management reduced its stake in BCE (USA) by 3.66% during the most recent quarter end. The investment management company now holds a total of 972,529 shares of BCE (USA) which is valued at $44,201,443 after selling 36,945 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Oct 5, 2016.BCE (USA) makes up approximately 5.01% of Cardinal Capital Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants reduced its stake in BCE by selling 350 shares or 2.46% in the most recent quarter. The Hedge Fund company now holds 13,885 shares of BCE which is valued at $631,073. BCE (USA) makes up approx 0.20% of Independent Portfolio Consultants’s portfolio. Lvm Capital Management Ltdmi added BCE to its portfolio by purchasing 223,790 company shares during the most recent quarter which is valued at $10,171,256. BCE (USA) makes up approx 3.21% of Lvm Capital Management Ltdmi’s portfolio.

BCE (USA) closed down -0.53 points or -1.15% at $45.62 with 7,53,507 shares getting traded on Tuesday. Post opening the session at $46.01, the shares hit an intraday low of $45.36 and an intraday high of $46.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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.

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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