BCE (USA) (BCE) : Pring Turner Capital Group Inc reduced its stake in BCE (USA) by 0.44% during the most recent quarter end. The investment management company now holds a total of 51,350 shares of BCE (USA) which is valued at $2.4 Million after selling 225 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on May 11, 2016.BCE (USA) makes up approximately 3.44% of Pring Turner Capital Group Inc’s portfolio.
Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in BCE by selling 3,035 shares or 83.47% in the most recent quarter. The Hedge Fund company now holds 601 shares of BCE which is valued at $27,748.Blackrock Investment Management reduced its stake in BCE by selling 14,770 shares or 11.63% in the most recent quarter. The Hedge Fund company now holds 112,250 shares of BCE which is valued at $5.2 Million. BCE (USA) makes up approx 0.01% of Blackrock Investment Management’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.De Burlo Group Inc reduced its stake in BCE by selling 400 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 24,600 shares of BCE which is valued at $1.1 Million. BCE (USA) makes up approx 0.33% of De Burlo Group Inc’s portfolio. First Mercantile Trust Co sold out all of its stake in BCE during the most recent quarter. The investment firm sold 12,530 shares of BCE which is valued $587,782.
BCE (USA) opened for trading at $46.35 and hit $46.71 on the upside on Monday, eventually ending the session at $46.54, with a gain of 0.80% or 0.37 points. The heightened volatility saw the trading volume jump to 6,51,526 shares. Company has a market cap of $40,426 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 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.