Dorchester Wealth Management Co Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Dorchester Wealth Management Co reduced its stake in BCE (USA) by 0.73% during the most recent quarter end. The investment management company now holds a total of 197,165 shares of BCE (USA) which is valued at $9,095,221 after selling 1,447 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Apr 18, 2016.BCE (USA) makes up approximately 3.33% of Dorchester Wealth Management Co’s portfolio.

BCE (USA) closed down -0.03 points or -0.06% at $46.13 with 7,86,164 shares getting traded on Friday. Post opening the session at $46.35, the shares hit an intraday low of $45.72 and an intraday high of $46.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Cue Financial Group sold out all of its stake in BCE during the most recent quarter. The investment firm sold 11,872 shares of BCE which is valued $552,404.Kanaly Trust Co boosted its stake in BCE in the latest quarter, The investment management firm added 908 additional shares and now holds a total of 42,971 shares of BCE (USA) which is valued at $1,999,441. BCE (USA) makes up approx 0.40% of Kanaly Trust Co’s portfolio. D. Scott Neal added BCE to its portfolio by purchasing 39 company shares during the most recent quarter which is valued at $1,815.

On the company’s financial health, BCE (USA) reported $0.72 EPS for the quarter, based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus estimate of $0.72. The company had revenue of $5603.00 million for the quarter, compared to analysts expectations of $5632.15 million. The company’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.72 EPS.

Many Wall Street Analysts have commented on BCE (USA). Company shares were Reiterated by Barclays on Feb 5, 2016 to “Overweight”, Firm has raised the Price Target to $ 45 from a previous price target of $43 .

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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