QS Investors LLC Sells 4,531 Shares of BCE Inc. (BCE)

QS Investors LLC lessened its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 159,026 shares of the utilities provider’s stock after selling 4,531 shares during the quarter. QS Investors LLC’s holdings in BCE were worth $6,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its holdings in shares of BCE by 11.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 12,817,975 shares of the utilities provider’s stock worth $519,384,000 after purchasing an additional 1,271,570 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of BCE by 6.1% during the 4th quarter. Bank of Nova Scotia now owns 8,843,663 shares of the utilities provider’s stock worth $349,650,000 after buying an additional 506,546 shares during the period. FIL Ltd lifted its position in shares of BCE by 1.2% during the 3rd quarter. FIL Ltd now owns 8,084,544 shares of the utilities provider’s stock worth $327,538,000 after buying an additional 98,996 shares during the period. Vanguard Group Inc. lifted its position in shares of BCE by 2.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,072,939 shares of the utilities provider’s stock worth $327,115,000 after buying an additional 220,625 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of BCE by 2.8% during the 3rd quarter. Vanguard Group Inc now owns 8,072,939 shares of the utilities provider’s stock worth $327,115,000 after buying an additional 220,625 shares during the period. 44.10% of the stock is currently owned by institutional investors.

BCE stock opened at $43.84 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.56 and a debt-to-equity ratio of 1.18. The company has a market cap of $39.39 billion, a P/E ratio of 16.18, a P/E/G ratio of 4.78 and a beta of 0.46. BCE Inc. has a one year low of $38.75 and a one year high of $44.86.

BCE (NYSE:BCE) (TSE:BCE) last posted its earnings results on Thursday, February 7th. The utilities provider reported $0.67 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.01. BCE had a return on equity of 18.87% and a net margin of 12.30%. The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter last year, the company earned $0.82 EPS. BCE’s revenue was up 3.0% on a year-over-year basis. On average, equities research analysts forecast that BCE Inc. will post 2.67 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 15th will be given a $0.604 dividend. This is an increase from BCE’s previous quarterly dividend of $0.57. The ex-dividend date is Thursday, March 14th. This represents a $2.42 annualized dividend and a yield of 5.51%. BCE’s payout ratio is presently 83.39%.

BCE has been the subject of several analyst reports. Zacks Investment Research downgraded BCE from a “hold” rating to a “sell” rating in a research report on Tuesday, January 29th. National Bank Financial downgraded BCE from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 4th. Finally, Argus upgraded BCE from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, March 8th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. BCE presently has a consensus rating of “Hold” and a consensus price target of $46.33.

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BCE Company Profile

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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