BCE (USA) (BCE) : Cibc Asset Management Inc reduced its stake in BCE (USA) by 9.11% during the most recent quarter end. The investment management company now holds a total of 9,477,842 shares of BCE (USA) which is valued at $447,922,813 after selling 950,367 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.BCE (USA) makes up approximately 3.29% of Cibc Asset Management Inc’s portfolio.
Other Hedge Funds, Including , 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.Bank Of Hawaii boosted its stake in BCE in the latest quarter, The investment management firm added 7,454 additional shares and now holds a total of 132,854 shares of BCE (USA) which is valued at $6,278,680. BCE (USA) makes up approx 0.66% of Bank Of Hawaii’s portfolio.Trust Co Of Toledo Na Oh boosted its stake in BCE in the latest quarter, The investment management firm added 1,257 additional shares and now holds a total of 32,146 shares of BCE (USA) which is valued at $1,525,328. BCE (USA) makes up approx 0.43% of Trust Co Of Toledo Na Oh’s portfolio. Cribstone Capital Management added BCE to its portfolio by purchasing 3,589 company shares during the most recent quarter which is valued at $171,518. BCE (USA) makes up approx 0.11% of Cribstone Capital Management’s portfolio.Cardinal Capital Management reduced its stake in BCE by selling 21,298 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 1,009,474 shares of BCE which is valued at $47,394,804. BCE (USA) makes up approx 5.18% of Cardinal Capital Management’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 Companys 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.