Moloney Securities Asset Management LLC Has $1.09 Million Stock Position in BCE Inc. (NYSE:BCE)


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Moloney Securities Asset Management LLC decreased its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 30.0% during the 1st quarter, HoldingsChannel reports. The fund owned 24,040 shares of the utilities provider’s stock after selling 10,307 shares during the period. Moloney Securities Asset Management LLC’s holdings in BCE were worth $1,085,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. NEXT Financial Group Inc raised its stake in shares of BCE by 45.4% during the fourth quarter. NEXT Financial Group Inc now owns 797 shares of the utilities provider’s stock worth $34,000 after acquiring an additional 249 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of BCE by 2.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 11,266 shares of the utilities provider’s stock worth $467,000 after acquiring an additional 251 shares in the last quarter. Virtu Financial LLC lifted its stake in shares of BCE by 1.6% in the 4th quarter. Virtu Financial LLC now owns 15,664 shares of the utilities provider’s stock valued at $670,000 after purchasing an additional 252 shares during the period. Beaumont Financial Partners LLC boosted its position in shares of BCE by 2.8% during the fourth quarter. Beaumont Financial Partners LLC now owns 9,490 shares of the utilities provider’s stock valued at $406,000 after purchasing an additional 260 shares in the last quarter. Finally, Lincoln National Corp raised its holdings in BCE by 5.1% in the fourth quarter. Lincoln National Corp now owns 5,354 shares of the utilities provider’s stock worth $229,000 after purchasing an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 45.01% of the company’s stock.

A number of research firms have recently weighed in on BCE. Barclays reaffirmed a “hold” rating and issued a $57.00 target price on shares of BCE in a research report on Sunday. Canaccord Genuity upped their price target on BCE from $58.00 to $59.00 and gave the stock a “hold” rating in a research report on Friday. Royal Bank of Canada boosted their target price on shares of BCE from $59.00 to $60.00 and gave the stock a “sector perform” rating in a report on Friday. Desjardins upped their target price on shares of BCE from $61.00 to $62.00 and gave the company a “hold” rating in a research report on Monday. Finally, Zacks Investment Research downgraded BCE from a “hold” rating to a “strong sell” rating and set a $40.00 price target on the stock. in a report on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.35.

Shares of BCE opened at $47.44 on Tuesday. BCE Inc. has a 52-week low of $37.73 and a 52-week high of $47.63. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 1.46. The stock has a fifty day simple moving average of $46.06 and a two-hundred day simple moving average of $43.98. The company has a market capitalization of $42.91 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 4.37 and a beta of 0.39.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Wednesday, April 28th. The utilities provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.20. BCE had a return on equity of 16.12% and a net margin of 10.21%. The company had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $5.63 billion. During the same quarter in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. As a group, equities analysts anticipate that BCE Inc. will post 2.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Tuesday, June 15th will be given a $0.7072 dividend. This represents a $2.83 annualized dividend and a yield of 5.96%. The ex-dividend date is Monday, June 14th. This is a boost from BCE’s previous quarterly dividend of $0.68. BCE’s payout ratio is 99.24%.

BCE Profile

BCE, Inc is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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