BCE Inc. (NYSE:BCE) Shares Sold by Logan Capital Management Inc.

Logan Capital Management Inc. lowered its position in BCE Inc. (NYSE:BCE - Free Report) TSE: BCE by 92.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,908 shares of the utilities provider's stock after selling 95,735 shares during the period. Logan Capital Management Inc.'s holdings in BCE were worth $183,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its position in shares of BCE by 217.6% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider's stock worth $27,000 after acquiring an additional 790 shares during the period. WealthCollab LLC acquired a new stake in shares of BCE in the fourth quarter valued at about $27,000. Blue Trust Inc. boosted its position in BCE by 1,147.3% during the fourth quarter. Blue Trust Inc. now owns 1,397 shares of the utilities provider's stock worth $32,000 after acquiring an additional 1,285 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in BCE by 67.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,981 shares of the utilities provider's stock valued at $46,000 after acquiring an additional 799 shares during the last quarter. Finally, Vision Financial Markets LLC purchased a new stake in shares of BCE in the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 41.46% of the company's stock.

BCE Stock Performance

Shares of BCE stock traded down $0.09 during midday trading on Friday, hitting $21.55. The company had a trading volume of 2,789,165 shares, compared to its average volume of 2,925,667. The stock has a market cap of $19.86 billion, a price-to-earnings ratio of 179.54, a PEG ratio of 4.13 and a beta of 0.63. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.62 and a quick ratio of 0.60. The company's 50 day simple moving average is $22.25 and its 200 day simple moving average is $24.06. BCE Inc. has a 52-week low of $20.28 and a 52-week high of $36.17.

BCE (NYSE:BCE - Get Free Report) TSE: BCE last issued its earnings results on Thursday, May 8th. The utilities provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $4.12 billion for the quarter, compared to the consensus estimate of $5.92 billion. BCE had a net margin of 0.99% and a return on equity of 17.89%. The business's quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 earnings per share. Research analysts anticipate that BCE Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BCE. National Bankshares reiterated a "sector perform" rating on shares of BCE in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut shares of BCE from a "neutral" rating to an "underweight" rating in a research report on Friday, February 7th. Barclays restated an "underweight" rating on shares of BCE in a research report on Tuesday, January 21st. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $35.00 target price on shares of BCE in a research note on Wednesday. Finally, National Bank Financial upgraded shares of BCE from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, BCE presently has a consensus rating of "Hold" and a consensus price target of $38.67.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.