Intact Investment Management buys $90 Million stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Intact Investment Management scooped up 80,700 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,948,738 shares of BCE (USA) which is valued at $90 Million.BCE (USA) makes up approximately 4.37% of Intact Investment Management’s portfolio.

Other Hedge Funds, Including , Private Advisor Group reduced its stake in BCE by selling 6,702 shares or 31.91% in the most recent quarter. The Hedge Fund company now holds 14,300 shares of BCE which is valued at $660,231. BCE (USA) makes up approx 0.03% of Private Advisor Group’s portfolio.Sg Americas Securities reduced its stake in BCE by selling 322 shares or 11.41% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of BCE which is valued at $115,425.Schroder Investment Management Group boosted its stake in BCE in the latest quarter, The investment management firm added 15,160 additional shares and now holds a total of 172,104 shares of BCE (USA) which is valued at $7.9 Million. BCE (USA) makes up approx 0.02% of Schroder Investment Management Group’s portfolio.Td Asset Management Inc boosted its stake in BCE in the latest quarter, The investment management firm added 186,392 additional shares and now holds a total of 18,561,432 shares of BCE (USA) which is valued at $852.3 Million. BCE (USA) makes up approx 1.61% of Td Asset Management Inc’s portfolio. Ausdal Financial Partners sold out all of its stake in BCE during the most recent quarter. The investment firm sold 312 shares of BCE which is valued $14,327.

BCE (USA) opened for trading at $46.55 and hit $46.6 on the upside on Wednesday, eventually ending the session at $46.51, with a gain of 0.48% or 0.22 points. The heightened volatility saw the trading volume jump to 9,50,574 shares. Company has a market cap of $40,400 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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