BCE, Inc. (BCE) Shares Bought by Bokf Na
Bokf Na increased its position in BCE, Inc. (NYSE:BCE) (TSE:BCE) by 28.2% during the third quarter, Holdings Channel reports. The firm owned 37,110 shares of the company’s stock after buying an additional 8,164 shares during the period. Bokf Na’s holdings in BCE were worth $1,714,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. SG Americas Securities LLC raised its stake in BCE by 47.5% in the third quarter. SG Americas Securities LLC now owns 3,688 shares of the company’s stock valued at $170,000 after buying an additional 1,188 shares during the last quarter. Park Avenue Securities LLC acquired a new stake in BCE during the second quarter valued at $204,000. Bbva Compass Bancshares Inc. acquired a new stake in BCE during the second quarter valued at $205,000. Tower Research Capital LLC TRC raised its stake in BCE by 9,073.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,495 shares of the company’s stock valued at $213,000 after buying an additional 4,446 shares during the last quarter. Finally, Concert Wealth Management Inc. acquired a new stake in BCE during the second quarter valued at $215,000. Institutional investors and hedge funds own 44.42% of the company’s stock.
BCE, Inc. (NYSE:BCE) traded up 0.11% during midday trading on Friday, reaching $44.33. 650,111 shares of the company traded hands. The company has a 50-day moving average price of $43.50 and a 200-day moving average price of $45.70. BCE, Inc. has a 12-month low of $35.96 and a 12-month high of $49.03. The company has a market cap of $38.58 billion, a price-to-earnings ratio of 18.59 and a beta of 0.35.
BCE (NYSE:BCE) last issued its earnings results on Thursday, November 3rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.22. The business earned $5.41 billion during the quarter, compared to analyst estimates of $4.03 billion. BCE had a return on equity of 22.73% and a net margin of 13.05%. BCE’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. On average, analysts predict that BCE, Inc. will post $2.65 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Investors of record on Thursday, December 15th will be paid a $0.509 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.59%. BCE’s payout ratio is 86.02%.
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BCE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of BCE from a “hold” rating to a “buy” rating and set a $51.00 target price for the company in a research note on Wednesday, October 5th. Desjardins upgraded shares of BCE from a “hold” rating to a “buy” rating in a research note on Wednesday, December 21st. Canaccord Genuity reiterated a “buy” rating on shares of BCE in a research note on Thursday, November 3rd. RBC Capital Markets reiterated a “sector perform” rating and set a $60.00 target price (down previously from $61.00) on shares of BCE in a research note on Monday. Finally, Royal Bank Of Canada lowered shares of BCE from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $61.00 to $60.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $59.20.
BCE Inc is a communications company. The Company provides a range of broadband communications and content services to consumer, residential, business and government customers in Canada. The Company offers various services under the Bell and Bell Aliant brands, such as fiber-based Internet protocol television (IPTV) and high-speed Internet services, home phone and business network and communications services.
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