Brown Advisory Inc. purchased a new stake in shares of BCE Inc. (NYSE:BCE) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,196 shares of the company’s stock, valued at approximately $293,000.
A number of other large investors have also modified their holdings of BCE. Rehmann Capital Advisory Group acquired a new stake in shares of BCE during the first quarter valued at about $222,000. Nikko Asset Management Americas Inc. raised its stake in shares of BCE by 254.8% in the first quarter. Nikko Asset Management Americas Inc. now owns 11,000 shares of the company’s stock valued at $654,000 after buying an additional 7,900 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of BCE by 3.1% in the first quarter. JPMorgan Chase & Co. now owns 2,214,336 shares of the company’s stock valued at $100,842,000 after buying an additional 66,418 shares during the last quarter. Baker Ellis Asset Management LLC raised its stake in shares of BCE by 58.8% in the first quarter. Baker Ellis Asset Management LLC now owns 10,800 shares of the company’s stock valued at $492,000 after buying an additional 4,000 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of BCE during the first quarter valued at about $4,862,000. Hedge funds and other institutional investors own 44.48% of the company’s stock.
BCE Inc. (NYSE:BCE) traded up 0.2874% during mid-day trading on Wednesday, reaching $45.7511. 96,703 shares of the company’s stock were exchanged. The company has a 50-day moving average of $46.87 and a 200-day moving average of $46.74. BCE Inc. has a 52-week low of $35.96 and a 52-week high of $49.03. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 19.0948 and a beta of 0.40.
BCE (NYSE:BCE) last posted its earnings results on Thursday, August 4th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. The firm earned $5.34 billion during the quarter, compared to the consensus estimate of $4.10 billion. BCE had a net margin of 13.02% and a return on equity of 22.89%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. Equities research analysts anticipate that BCE Inc. will post $2.67 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Thursday, September 15th will be paid a $0.52 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.56%. BCE’s payout ratio is 88.14%.
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $61.00 price objective on shares of BCE in a research note on Thursday, June 9th. Zacks Investment Research lowered shares of BCE from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Citigroup Inc. boosted their price objective on shares of BCE from $62.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 19th. BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of BCE in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $66.00 price objective (up from $62.00) on shares of BCE in a research note on Sunday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.40.
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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