Today: Bronfman E.L. Rothschild L.P. invests in BCE Inc. (BCE) Shares

Today: Bronfman E.L. Rothschild L.P. invests in BCE Inc. (BCE) Shares

Bronfman E.L. Rothschild L.P. increased its position in BCE Inc. (NYSE:BCE) (TSE:BCE) by 13.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,978 shares of the company’s stock after buying an additional 833 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in BCE were worth $322,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. TD Asset Management Inc. boosted its position in BCE by 2.5% in the second quarter. TD Asset Management Inc. now owns 19,024,630 shares of the company’s stock worth $895,603,000 after buying an additional 463,198 shares during the period. CIBC World Markets Inc. boosted its position in BCE by 1.0% in the third quarter. CIBC World Markets Inc. now owns 15,670,216 shares of the company’s stock worth $723,651,000 after buying an additional 157,166 shares during the period. FMR LLC boosted its position in BCE by 3.8% in the second quarter. FMR LLC now owns 12,488,432 shares of the company’s stock worth $591,001,000 after buying an additional 459,100 shares during the period. Great West Life Assurance Co. Can boosted its position in BCE by 1.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,528,814 shares of the company’s stock worth $348,105,000 after buying an additional 96,298 shares during the period. Finally, Vanguard Group Inc. boosted its position in BCE by 12.0% in the second quarter. Vanguard Group Inc. now owns 5,835,432 shares of the company’s stock worth $276,075,000 after buying an additional 625,426 shares during the period. 44.43% of the stock is owned by hedge funds and other institutional investors.

Shares of BCE Inc. (NYSE:BCE) traded up 0.46% on Monday, reaching $43.33. The company’s stock had a trading volume of 305,732 shares. The firm’s 50-day moving average price is $44.52 and its 200-day moving average price is $46.37. BCE Inc. has a 12 month low of $35.96 and a 12 month high of $49.03. The stock has a market cap of $37.71 billion, a P/E ratio of 18.52 and a beta of 0.38.

BCE (NYSE:BCE) last issued its earnings results on Thursday, November 3rd. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.69 by $0.22. BCE had a return on equity of 22.73% and a net margin of 13.05%. The business earned $5.41 billion during the quarter, compared to the consensus estimate of $4.03 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, analysts forecast that BCE Inc. will post $2.59 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, January 15th. Shareholders 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 annualized dividend and a yield of 4.72%. BCE’s dividend payout ratio is currently 88.14%.

A number of brokerages have recently issued reports on BCE. Zacks Investment Research raised shares of BCE from a “sell” rating to a “hold” rating in a research report on Thursday, September 1st. Credit Suisse Group AG set a $58.00 target price on shares of BCE and gave the company a “hold” rating in a research report on Sunday, November 6th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a $66.00 target price (up previously from $62.00) on shares of BCE in a research report on Sunday, August 7th. Canaccord Genuity reissued a “buy” rating on shares of BCE in a research report on Thursday, November 3rd. Finally, Desjardins reissued a “hold” rating and issued a $64.00 target price on shares of BCE in a research report on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $59.22.

About BCE

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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