Guardian Capital Advisors Lp buys $16.6 Million stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Guardian Capital Advisors Lp scooped up 10,828 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 359,069 shares of BCE (USA) which is valued at $16.6 Million.BCE (USA) makes up approximately 3.07% of Guardian Capital Advisors Lp’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. Mycio Wealth Partners added BCE to its portfolio by purchasing 42 company shares during the most recent quarter which is valued at $1,939. Waratah Capital Advisors Ltd. added BCE to its portfolio by purchasing 14,000 company shares during the most recent quarter which is valued at $642,880. BCE (USA) makes up approx 0.13% of Waratah Capital Advisors Ltd.’s portfolio.Addenda Capital reduced its stake in BCE by selling 8,353 shares or 2.39% in the most recent quarter. The Hedge Fund company now holds 341,287 shares of BCE which is valued at $15.7 Million. BCE (USA) makes up approx 1.37% of Addenda Capital’s portfolio.Ingalls Snyder reduced its stake in BCE by selling 200 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 66,450 shares of BCE which is valued at $3.1 Million. BCE (USA) makes up approx 0.19% of Ingalls Snyder’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.

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