Whittier Trust Co. maintained its stake in BCE Inc. (NYSE:BCE) during the second quarter, Holdings Channel reports. The firm owned 3,123 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in BCE were worth $147,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the stock. Aviva PLC raised its position in shares of BCE by 5.2% in the first quarter. Aviva PLC now owns 155,112 shares of the company’s stock valued at $7,079,000 after buying an additional 7,736 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of BCE by 43.5% in the first quarter. Canada Pension Plan Investment Board now owns 262,729 shares of the company’s stock valued at $12,023,000 after buying an additional 79,610 shares during the last quarter. BB&T Securities LLC raised its position in shares of BCE by 12.1% in the first quarter. BB&T Securities LLC now owns 188,494 shares of the company’s stock valued at $8,583,000 after buying an additional 20,308 shares during the last quarter. UBS Group AG raised its position in shares of BCE by 1.4% in the first quarter. UBS Group AG now owns 1,012,918 shares of the company’s stock valued at $46,129,000 after buying an additional 14,330 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in shares of BCE by 7.6% in the first quarter. Scotia Capital Inc. now owns 3,124,240 shares of the company’s stock valued at $142,286,000 after buying an additional 220,379 shares during the last quarter. 44.50% of the stock is owned by institutional investors and hedge funds.
BCE Inc. (NYSE:BCE) traded up 0.33% during midday trading on Friday, reaching $45.88. 591,809 shares of the company were exchanged. BCE Inc. has a 52-week low of $35.96 and a 52-week high of $49.03. The company has a market capitalization of $39.89 billion, a price-to-earnings ratio of 19.17 and a beta of 0.40. The company has a 50 day moving average of $46.25 and a 200-day moving average of $46.74.
BCE (NYSE:BCE) last issued its earnings results on Thursday, August 4th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.91 by $0.03. The company earned $5.34 billion during the quarter, compared to analyst estimates of $4.10 billion. BCE had a return on equity of 22.89% and a net margin of 13.02%. The business’s revenue was up .3% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 EPS. On average, equities research analysts anticipate that BCE Inc. will post $2.66 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Thursday, September 15th were given a $0.52 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $2.08 annualized dividend and a dividend yield of 4.53%. BCE’s payout ratio is 88.14%.
BCE has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $65.00 price objective on shares of BCE in a research report on Friday, August 5th. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $51.00 price objective for the company in a research report on Wednesday, October 5th. Desjardins reaffirmed a “hold” rating and issued a $64.00 price objective on shares of BCE in a research report on Wednesday, August 10th. Citigroup Inc. increased their price objective on shares of BCE from $62.00 to $63.00 and gave the company a “neutral” rating in a research report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $66.00 price target (up previously from $62.00) on shares of BCE in a report on Sunday, August 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. BCE presently has a consensus rating of “Hold” and an average target price of $57.30.
BCE Company Profile
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.
Want to see what other hedge funds are holding BCE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BCE Inc. (NYSE:BCE).
Receive News & Ratings for BCE Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BCE Inc. and related companies with MarketBeat.com's FREE daily email newsletter.