BCE (USA) (BCE) : Madden Advisory Services reduced its stake in BCE (USA) by 4.92% during the most recent quarter end. The investment management company now holds a total of 15,262 shares of BCE (USA) which is valued at $743,259 after selling 790 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.BCE (USA) makes up approximately 0.44% of Madden Advisory Services’s portfolio.
Other Hedge Funds, Including , Thomaspartners boosted its stake in BCE in the latest quarter, The investment management firm added 214,567 additional shares and now holds a total of 4,174,794 shares of BCE (USA) which is valued at $199,304,666. BCE (USA) makes up approx 2.55% of Thomaspartners’s portfolio. Timber Hill sold out all of its stake in BCE during the most recent quarter. The investment firm sold 42,529 shares of BCE which is valued $2,027,357.Baker Ellis Asset Management boosted its stake in BCE in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 12,100 shares of BCE (USA) which is valued at $579,469. BCE (USA) makes up approx 0.18% of Baker Ellis Asset Management’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) closed down -0.08 points or -0.17% at $48.36 with 6,31,910 shares getting traded on Wednesday. Post opening the session at $48.49, the shares hit an intraday low of $47.86 and an intraday high of $48.51 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.
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 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.