Portland Investment Counsel Lowers stake in BCE (USA) (BCE)

BCE (USA) (BCE) : Portland Investment Counsel reduced its stake in BCE (USA) by 5.8% during the most recent quarter end. The investment management company now holds a total of 26,141 shares of BCE (USA) which is valued at $1,098,706 after selling 1,610 shares in BCE (USA) , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.BCE (USA) makes up approximately 1.78% of Portland Investment Counsel’s portfolio.

Other Hedge Funds, Including , Smith Moore reduced its stake in BCE by selling 100 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 12,282 shares of BCE which is valued at $516,212. BCE (USA) makes up approx 0.21% of Smith Moore’s portfolio.Blackrock Group Ltd reduced its stake in BCE by selling 1,340 shares or 8.35% in the most recent quarter. The Hedge Fund company now holds 14,710 shares of BCE which is valued at $656,654.Ntv Asset Management boosted its stake in BCE in the latest quarter, The investment management firm added 16,500 additional shares and now holds a total of 50,000 shares of BCE (USA) which is valued at $2,232,000. BCE (USA) makes up approx 0.82% of Ntv Asset Management’s portfolio. Timber Creek Capital Management added BCE to its portfolio by purchasing 425 company shares during the most recent quarter which is valued at $19,010. BCE (USA) makes up approx 0.02% of Timber Creek Capital Management’s portfolio.Klingman Associates reduced its stake in BCE by selling 261 shares or 58.78% in the most recent quarter. The Hedge Fund company now holds 183 shares of BCE which is valued at $8,449.

BCE (USA) opened for trading at $43.23 and hit $43.37 on the upside on Monday, eventually ending the session at $43.29, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 7,21,331 shares. Company has a market cap of $37,671 M.

On the company’s financial health, BCE (USA) reported $0.91 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.90. The company had revenue of $5407.00 million for the quarter, compared to analysts expectations of $5399.43 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 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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