Duff Phelps Investment Management Co buys $83,693,470 stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Duff Phelps Investment Management Co scooped up 32,665 additional shares in BCE (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 1,824,182 shares of BCE (USA) which is valued at $83,693,470.BCE (USA) makes up approximately 1.21% of Duff Phelps Investment Management Co’s portfolio.

Other Hedge Funds, Including , Lowe Fs sold out all of its stake in BCE during the most recent quarter. The investment firm sold 14 shares of BCE which is valued $642. Hilton Capital Management added BCE to its portfolio by purchasing 7,200 company shares during the most recent quarter which is valued at $325,440. BCE (USA) makes up approx 0.08% of Hilton Capital Management’s portfolio.Pacwest Financial Management Inc boosted its stake in BCE in the latest quarter, The investment management firm added 505 additional shares and now holds a total of 41,325 shares of BCE (USA) which is valued at $1,867,890. BCE (USA) makes up approx 1.15% of Pacwest Financial Management Inc’s portfolio.Raymond James Trust N.a. boosted its stake in BCE in the latest quarter, The investment management firm added 5,049 additional shares and now holds a total of 47,863 shares of BCE (USA) which is valued at $2,163,408. BCE (USA) makes up approx 0.19% of Raymond James Trust N.a.’s portfolio.Catawba Capital Management Va boosted its stake in BCE in the latest quarter, The investment management firm added 11,430 additional shares and now holds a total of 16,135 shares of BCE (USA) which is valued at $722,364. BCE (USA) makes up approx 0.17% of Catawba Capital Management Va’s portfolio.

BCE (USA) opened for trading at $45.99 and hit $46.15 on the upside on Friday, eventually ending the session at $45.88, with a gain of 0.33% or 0.15 points. The heightened volatility saw the trading volume jump to 5,91,809 shares. Company has a market cap of $39,893 M.

On the company’s financial health, BCE (USA) reported $0.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.91. The company had revenue of $5340.00 million for the quarter, compared to analysts expectations of $5378.48 million. The company’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 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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