Bank Of Nova Scotia Trust Co buys $58.6 Million stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Bank Of Nova Scotia Trust Co scooped up 40,768 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,270,286 shares of BCE (USA) which is valued at $58.6 Million.BCE (USA) makes up approximately 7.91% of Bank Of Nova Scotia Trust Co’s portfolio.

Other Hedge Funds, Including , Dana Investment Advisors boosted its stake in BCE in the latest quarter, The investment management firm added 5,531 additional shares and now holds a total of 48,007 shares of BCE (USA) which is valued at $2.2 Million. BCE (USA) makes up approx 0.10% of Dana Investment Advisors’s portfolio.Janney Montgomery Scott boosted its stake in BCE in the latest quarter, The investment management firm added 6,997 additional shares and now holds a total of 46,310 shares of BCE (USA) which is valued at $2.1 Million. BCE (USA) makes up approx 0.06% of Janney Montgomery Scott’s portfolio.Edgemoor Investment Advisors reduced its stake in BCE by selling 915 shares or 5.37% in the most recent quarter. The Hedge Fund company now holds 16,113 shares of BCE which is valued at $743,937. BCE (USA) makes up approx 0.12% of Edgemoor Investment Advisors’s portfolio.Argent Trust Co reduced its stake in BCE by selling 17 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 9,154 shares of BCE which is valued at $420,352. BCE (USA) makes up approx 0.13% of Argent Trust Co’s portfolio.Toron Capital Markets reduced its stake in BCE by selling 2,233 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 24,687 shares of BCE which is valued at $1.1 Million. BCE (USA) makes up approx 0.07% of Toron Capital Markets’s portfolio.

BCE (USA) opened for trading at $45.94 and hit $46.205 on the upside on Friday, eventually ending the session at $46.01, with a gain of 0.50% or 0.23 points. The heightened volatility saw the trading volume jump to 7,83,695 shares. Company has a market cap of $39,965 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.

Leave a Reply

BCE (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on BCE (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.