Duff & Phelps Investment Management Co. decreased its stake in BCE Inc. (NYSE:BCE) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,791,517 shares of the company’s stock after selling 1,090 shares during the period. BCE accounts for about 1.3% of Duff & Phelps Investment Management Co.’s investment portfolio, making the stock its 19th largest position. Duff & Phelps Investment Management Co. owned 0.21% of BCE worth $84,757,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its stake in BCE by 36.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,410,636 shares of the company’s stock valued at $109,780,000 after buying an additional 640,070 shares during the last quarter. CIBC World Markets Inc. boosted its stake in BCE by 1.7% in the second quarter. CIBC World Markets Inc. now owns 15,513,050 shares of the company’s stock valued at $733,922,000 after buying an additional 257,656 shares during the last quarter. Scotia Capital Inc. boosted its stake in 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. Aviance Capital Management LLC boosted its stake in BCE by 55.1% in the second quarter. Aviance Capital Management LLC now owns 596,489 shares of the company’s stock valued at $28,220,000 after buying an additional 211,909 shares during the last quarter. Finally, Thomaspartners Inc. boosted its stake in BCE by 3.9% in the first quarter. Thomaspartners Inc. now owns 3,960,227 shares of the company’s stock valued at $180,349,000 after buying an additional 148,338 shares during the last quarter. Hedge funds and other institutional investors own 44.51% of the company’s stock.

Institutional Ownership by Quarter for BCE (NYSE:BCE)

BCE Inc. (NYSE:BCE) traded up 0.74% on Tuesday, hitting $46.17. 606,944 shares of the stock traded hands. 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 $40.15 billion, a price-to-earnings ratio of 19.29 and a beta of 0.40. The firm’s 50-day moving average price is $46.21 and its 200-day moving average price is $46.76.

BCE (NYSE:BCE) last announced its earnings results on Thursday, August 4th. The company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.03. BCE had a net margin of 13.02% and a return on equity of 22.89%. The firm earned $5.34 billion during the quarter, compared to the consensus estimate of $4.10 billion. During the same quarter in the previous year, the company posted $0.87 EPS. The firm’s revenue for the quarter was up .3% on a year-over-year basis. On average, equities research analysts anticipate that BCE Inc. will post $2.66 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Investors of record on Thursday, September 15th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.51%. The ex-dividend date was Tuesday, September 13th. BCE’s payout ratio is 88.14%.

BCE has been the subject of several recent analyst reports. Zacks Investment Research upgraded 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. JPMorgan Chase & Co. restated an “overweight” rating and set a $66.00 price objective (up from $62.00) on shares of BCE in a research report on Sunday, August 7th. BMO Capital Markets restated a “buy” rating and set a $65.00 price objective on shares of BCE in a research report on Friday, August 5th. Desjardins restated a “hold” rating and set a $64.00 price objective on shares of BCE in a research report on Wednesday, August 10th. Finally, Citigroup Inc. raised their price objective on shares of BCE from $62.00 to $63.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.30.

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.

5 Day Chart for NYSE:BCE

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