BCE (USA) (BCE) : Hamlin Capital Management reduced its stake in BCE (USA) by 3.68% during the most recent quarter end. The investment management company now holds a total of 1,618,405 shares of BCE (USA) which is valued at $74,317,158 after selling 61,784 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on May 2, 2016.BCE (USA) makes up approximately 3.81% of Hamlin Capital Management’s portfolio.
BCE (USA) opened for trading at $45.65 and hit $46.05 on the upside on Friday, eventually ending the session at $45.92, with a gain of 0.07% or 0.03 points. The heightened volatility saw the trading volume jump to 6,02,854 shares. Company has a market cap of $39,887 M.
Other Hedge Funds, Including , Ntv Asset Management reduced its stake in BCE by selling 300 shares or 0.87% in the most recent quarter. The Hedge Fund company now holds 34,000 shares of BCE which is valued at $1,561,280. BCE (USA) makes up approx 0.60% of Ntv Asset Management’s portfolio.Chemung Canal Trust Co boosted its stake in BCE in the latest quarter, The investment management firm added 7,830 additional shares and now holds a total of 34,502 shares of BCE (USA) which is valued at $1,591,577. BCE (USA) makes up approx 0.36% of Chemung Canal Trust Co’s portfolio.Ferguson Wellman Capital Management Inc boosted its stake in BCE in the latest quarter, The investment management firm added 59,238 additional shares and now holds a total of 147,718 shares of BCE (USA) which is valued at $6,814,231. BCE (USA) makes up approx 0.28% of Ferguson Wellman Capital Management Inc’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in BCE in the latest quarter, The investment management firm added 1,800 additional shares and now holds a total of 45,701 shares of BCE (USA) which is valued at $2,108,187. BCE (USA) makes up approx 0.04% of Gulf International Bank (uk) Ltd’s portfolio. Cwm sold out all of its stake in BCE during the most recent quarter. The investment firm sold 27 shares of BCE which is valued $1,246.
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). 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 Companys 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.