Madden Advisory Services Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Madden Advisory Services reduced its stake in BCE (USA) by 3.46% during the most recent quarter end. The investment management company now holds a total of 16,052 shares of BCE (USA) which is valued at $741,121 after selling 575 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on May 10, 2016.BCE (USA) makes up approximately 0.48% of Madden Advisory Services’s portfolio.

Other Hedge Funds, Including , Spot Trading L.l.c sold out all of its stake in BCE during the most recent quarter. The investment firm sold 1,210 shares of BCE which is valued $55,866.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. Ironsides Asset Advisors sold out all of its stake in BCE during the most recent quarter. The investment firm sold 7,838 shares of BCE which is valued $359,921.Schmidt P J Investment Management Inc reduced its stake in BCE by selling 240 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 29,300 shares of BCE which is valued at $1,374,463. BCE (USA) makes up approx 0.54% of Schmidt P J Investment Management Inc’s portfolio.

BCE (USA) opened for trading at $46.35 and hit $46.71 on the upside on Monday, eventually ending the session at $46.54, with a gain of 0.80% or 0.37 points. The heightened volatility saw the trading volume jump to 6,51,526 shares. Company has a market cap of $40,426 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.

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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