Bruderman Asset Management buys $11,229,698 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Bruderman Asset Management scooped up 4,202 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 243,225 shares of BCE (USA) which is valued at $11,229,698.BCE (USA) makes up approximately 3.94% of Bruderman Asset Management’s portfolio.

Other Hedge Funds, Including , Financial Architects Inc reduced its stake in BCE by selling 950 shares or 2.13% in the most recent quarter. The Hedge Fund company now holds 43,717 shares of BCE which is valued at $2,018,414. BCE (USA) makes up approx 0.73% of Financial Architects Inc’s portfolio.Cambridge Investment Research Advisors reduced its stake in BCE by selling 1,153 shares or 6.26% in the most recent quarter. The Hedge Fund company now holds 17,271 shares of BCE which is valued at $793,084. BCE (USA) makes up approx 0.02% of Cambridge Investment Research Advisors’s portfolio.Hamlin Capital Management reduced its stake in BCE by selling 61,784 shares or 3.68% in the most recent quarter. The Hedge Fund company now holds 1,618,405 shares of BCE which is valued at $74,317,158. BCE (USA) makes up approx 3.81% of Hamlin Capital Management’s portfolio.Trust Co Of Vermont reduced its stake in BCE by selling 124 shares or 8.01% in the most recent quarter. The Hedge Fund company now holds 1,425 shares of BCE which is valued at $66,847. BCE (USA) makes up approx 0.01% of Trust Co Of Vermont’s portfolio. Delta Asset Managementtn sold out all of its stake in BCE during the most recent quarter. The investment firm sold 520 shares of BCE which is valued $24,393.

BCE (USA) closed down -0.38 points or -0.82% at $46.17 with 5,41,557 shares getting traded on Friday. Post opening the session at $46.26, the shares hit an intraday low of $46.1 and an intraday high of $46.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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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