Financial Architects Inc buys $2,163,578 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Financial Architects Inc scooped up 1,880 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 45,597 shares of BCE (USA) which is valued at $2,163,578.BCE (USA) makes up approximately 0.60% of Financial Architects Inc’s portfolio.

Other Hedge Funds, Including , Shell Asset Management Co reduced its stake in BCE by selling 2,510 shares or 0.61% in the most recent quarter. The Hedge Fund company now holds 408,882 shares of BCE which is valued at $19,401,451. BCE (USA) makes up approx 0.45% of Shell Asset Management Co’s portfolio. Commonwealth Financial Services added BCE to its portfolio by purchasing 387 company shares during the most recent quarter which is valued at $18,572. BCE (USA) makes up approx 0.02% of Commonwealth Financial Services’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.Naples Global Advisors reduced its stake in BCE by selling 150 shares or 0.46% in the most recent quarter. The Hedge Fund company now holds 32,155 shares of BCE which is valued at $1,552,443. BCE (USA) makes up approx 0.62% of Naples Global Advisors’s portfolio.Davenport Co reduced its stake in BCE by selling 2,048 shares or 3.52% in the most recent quarter. The Hedge Fund company now holds 56,058 shares of BCE which is valued at $2,706,480. BCE (USA) makes up approx 0.04% of Davenport Co’s portfolio.

BCE (USA) opened for trading at $47.76 and hit $48.19 on the upside on Friday, eventually ending the session at $47.89, with a gain of 0.74% or 0.35 points. The heightened volatility saw the trading volume jump to 8,27,145 shares. Company has a market cap of $41,598 M.

On the company’s financial health, BCE (USA) reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.83. The company had revenue of $5270.00 million for the quarter, compared to analysts expectations of $5322.33 million. The company’s revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 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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