Raymond James Associates buys $137,778,837 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Raymond James Associates scooped up 665,307 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 3,278,107 shares of BCE (USA) which is valued at $137,778,837.BCE (USA) makes up approximately 0.38% of Raymond James Associates’s portfolio.

Other Hedge Funds, Including , Pring Turner Capital Group Inc reduced its stake in BCE by selling 255 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 51,985 shares of BCE which is valued at $2,184,930. BCE (USA) makes up approx 2.67% of Pring Turner Capital Group Inc’s portfolio.Aviance Capital Management boosted its stake in BCE in the latest quarter, The investment management firm added 162,580 additional shares and now holds a total of 759,069 shares of BCE (USA) which is valued at $33,581,213. BCE (USA) makes up approx 0.95% of Aviance Capital Management’s portfolio.Atlantic Trust Group reduced its stake in BCE by selling 25 shares or 0.08% in the most recent quarter. The Hedge Fund company now holds 31,237 shares of BCE which is valued at $1,381,925. BCE (USA) makes up approx 0.01% of Atlantic Trust Group’s portfolio.Commonwealth Equity Services Inc reduced its stake in BCE by selling 41,532 shares or 54.42% in the most recent quarter. The Hedge Fund company now holds 34,788 shares of BCE which is valued at $1,577,636. BCE (USA) makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.

BCE (USA) opened for trading at $43.23 and hit $43.37 on the upside on Monday, eventually ending the session at $43.29, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 7,21,331 shares. Company has a market cap of $37,671 M.

On the company’s financial health, BCE (USA) reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.90. The company had revenue of $5407.00 million for the quarter, compared to analysts expectations of $5399.43 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 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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