BCE Inc. (BCE) Stake Lowered by Diversified Trust Co

Diversified Trust Co trimmed its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 18.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,417 shares of the utilities provider’s stock after selling 1,926 shares during the period. Diversified Trust Co’s holdings in BCE were worth $404,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of BCE. Wealthcare Advisory Partners LLC bought a new position in shares of BCE during the third quarter valued at about $116,000. Quantbot Technologies LP bought a new position in shares of BCE during the third quarter valued at about $190,000. Howland Capital Management LLC bought a new position in shares of BCE during the third quarter valued at about $202,000. WFG Advisors LP raised its stake in shares of BCE by 0.4% during the second quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider’s stock valued at $203,000 after acquiring an additional 16 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of BCE by 1,416.2% during the second quarter. Tower Research Capital LLC TRC now owns 3,548 shares of the utilities provider’s stock valued at $207,000 after acquiring an additional 3,314 shares during the last quarter. 44.51% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on BCE shares. Zacks Investment Research raised shares of BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday. Bank of America started coverage on shares of BCE in a research note on Tuesday, November 21st. They set a “buy” rating and a $54.00 price objective for the company. Morgan Stanley upped their price objective on shares of BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday, November 17th. Desjardins downgraded shares of BCE from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $60.00 price target on shares of BCE in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $55.80.

BCE Inc. (NYSE:BCE) opened at $46.45 on Friday. BCE Inc. has a one year low of $42.44 and a one year high of $49.06. The stock has a market cap of $41,879.31, a PE ratio of 18.88, a P/E/G ratio of 4.82 and a beta of 0.35. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.18.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, November 2nd. The utilities provider reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.03. BCE had a net margin of 12.78% and a return on equity of 20.15%. analysts anticipate that BCE Inc. will post 2.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 15th were paid a $0.558 dividend. This represents a $2.23 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Thursday, December 14th. BCE’s payout ratio is currently 93.50%.

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About BCE

BCE Inc is a communications company. The Company’s segments include Bell Wireless, Bell Wireline and Bell Media. Its Bell Wireless segment provides wireless voice and data communications products and services to its residential, small and medium-sized business and large enterprise customers across Canada.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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