BCE Inc. (BCE) Shares Bought by Bollard Group LLC

Bollard Group LLC lifted its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 12.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,262 shares of the utilities provider’s stock after acquiring an additional 18,792 shares during the period. Bollard Group LLC’s holdings in BCE were worth $6,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of BCE. Legacy Financial Advisors Inc. lifted its stake in shares of BCE by 31.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 1,349 shares of the utilities provider’s stock worth $53,000 after acquiring an additional 320 shares during the period. Capital Investment Advisory Services LLC acquired a new stake in shares of BCE in the 4th quarter worth approximately $65,000. Cerebellum GP LLC acquired a new stake in shares of BCE in the 4th quarter worth approximately $81,000. Essex Savings Bank bought a new stake in shares of BCE in the 4th quarter worth approximately $90,000. Finally, Ipswich Investment Management Co. Inc. bought a new stake in shares of BCE in the 4th quarter worth approximately $102,000. 42.24% of the stock is owned by institutional investors.

NYSE BCE opened at $43.23 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.53 and a current ratio of 0.57. BCE Inc. has a 12 month low of $38.75 and a 12 month high of $45.08. The company has a market capitalization of $38.83 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 4.66 and a beta of 0.47.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, February 7th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. BCE had a net margin of 12.30% and a return on equity of 18.83%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The firm’s revenue was up 3.0% compared to the same quarter last year. On average, research analysts expect that BCE Inc. will post 2.68 EPS for the current fiscal year.

A number of research firms recently commented on BCE. Zacks Investment Research downgraded shares of BCE from a “hold” rating to a “sell” rating in a report on Monday, February 4th. TD Securities reiterated a “hold” rating on shares of BCE in a report on Wednesday, October 24th. Barclays dropped their target price on shares of BCE from $50.00 to $47.00 and set an “overweight” rating on the stock in a report on Friday, November 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of BCE in a report on Friday, November 2nd. Finally, ValuEngine upgraded shares of BCE from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $45.50.

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About BCE

BCE Inc, a telecommunications and media company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through three segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment offers integrated digital wireless voice and data communications products and services.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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