BCE Inc. (BCE) Position Boosted by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in BCE Inc. (NYSE:BCE) (TSE:BCE) by 5.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,932 shares of the utilities provider’s stock after purchasing an additional 1,246 shares during the period. Cumberland Partners Ltd’s holdings in BCE were worth $1,154,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC acquired a new position in shares of BCE in the 3rd quarter valued at $116,000. Quantbot Technologies LP acquired a new position in shares of BCE in the 3rd quarter valued at $190,000. Howland Capital Management LLC acquired a new position in shares of BCE in the 3rd quarter valued at $202,000. WFG Advisors LP boosted its position in shares of BCE by 0.4% in the 2nd quarter. WFG Advisors LP now owns 4,503 shares of the utilities provider’s stock valued at $203,000 after purchasing an additional 16 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in BCE by 1,416.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,548 shares of the utilities provider’s stock worth $207,000 after acquiring an additional 3,314 shares during the period. Institutional investors and hedge funds own 44.62% of the company’s stock.

Shares of BCE Inc. (NYSE BCE) opened at $45.02 on Thursday. BCE Inc. has a 1 year low of $42.44 and a 1 year high of $49.06. The company has a market capitalization of $40,186.49, a PE ratio of 17.30, a price-to-earnings-growth ratio of 4.61 and a beta of 0.29. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.47 and a current ratio of 0.51.

A number of equities research analysts have commented on BCE shares. Bank of America started coverage on BCE in a research report on Tuesday, November 21st. They set a “buy” rating and a $54.00 price objective for the company. National Bank Financial upgraded BCE from a “sector perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded BCE from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Thursday, January 18th. Desjardins lowered BCE from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Morgan Stanley raised their price objective on BCE from $60.00 to $62.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $55.80.

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About BCE

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.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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