70,019 Shares in BCE, Inc. (BCE) Purchased by Willingdon Wealth Management

Willingdon Wealth Management acquired a new stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 70,019 shares of the utilities provider’s stock, valued at approximately $3,279,000. BCE comprises about 1.2% of Willingdon Wealth Management’s holdings, making the stock its 26th largest holding.

Several other large investors have also made changes to their positions in the stock. TD Asset Management Inc. grew its position in shares of BCE by 3.7% during the 2nd quarter. TD Asset Management Inc. now owns 18,546,068 shares of the utilities provider’s stock valued at $833,976,000 after buying an additional 667,600 shares during the last quarter. FMR LLC boosted its holdings in shares of BCE by 13.5% in the second quarter. FMR LLC now owns 13,936,315 shares of the utilities provider’s stock valued at $627,607,000 after acquiring an additional 1,662,207 shares in the last quarter. Capital Research Global Investors boosted its holdings in shares of BCE by 2.6% in the second quarter. Capital Research Global Investors now owns 8,878,000 shares of the utilities provider’s stock valued at $399,811,000 after acquiring an additional 224,000 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of BCE by 6.2% in the second quarter. Great West Life Assurance Co. Can now owns 7,763,938 shares of the utilities provider’s stock valued at $348,772,000 after acquiring an additional 453,091 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of BCE by 0.3% in the second quarter. Franklin Resources Inc. now owns 7,185,736 shares of the utilities provider’s stock valued at $323,763,000 after acquiring an additional 22,247 shares in the last quarter. 42.38% of the stock is owned by institutional investors and hedge funds.

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BCE, Inc. (BCE) traded down $0.13 during trading on Tuesday, reaching $48.25. 606,500 shares of the company’s stock traded hands, compared to its average volume of 867,140. The firm has a market cap of $43,550.00, a price-to-earnings ratio of 18.75, a PEG ratio of 5.24 and a beta of 0.35. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.18. BCE, Inc. has a 1 year low of $42.44 and a 1 year high of $48.59.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 15th will be paid a $0.558 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $2.23 annualized dividend and a yield of 4.63%. BCE’s dividend payout ratio is presently 90.91%.

Several research analysts have recently issued reports on the stock. Bank of America Corporation assumed coverage on shares of BCE in a report on Tuesday. They issued a “buy” rating and a $54.00 price objective for the company. Morgan Stanley increased their target price on shares of BCE from $60.00 to $62.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Investment Research raised shares of BCE from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. BidaskClub raised shares of BCE from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Finally, Barclays PLC increased their target price on shares of BCE from $47.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $56.50.

BCE Profile

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.

Institutional Ownership by Quarter for BCE (NYSE:BCE)

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