UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in BCE Inc. (NYSE:BCE - Free Report) TSE: BCE by 44.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 203,692 shares of the utilities provider's stock after selling 164,897 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in BCE were worth $4,722,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Allworth Financial LP increased its stake in BCE by 217.6% in the fourth quarter. Allworth Financial LP now owns 1,153 shares of the utilities provider's stock valued at $27,000 after acquiring an additional 790 shares during the last quarter. WealthCollab LLC bought a new position in BCE in the fourth quarter valued at about $27,000. Blue Trust Inc. raised its stake 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 in the last quarter. Vision Financial Markets LLC bought a new position in shares of BCE in the fourth quarter worth about $49,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of BCE in the 4th quarter valued at approximately $57,000. Institutional investors and hedge funds own 41.46% of the company's stock.
Wall Street Analyst Weigh In
BCE has been the topic of a number of research analyst reports. Scotiabank upgraded shares of BCE from a "sector perform" rating to a "sector outperform" rating in a research report on Monday. National Bankshares restated a "sector perform" rating on shares of BCE in a research report on Tuesday, March 11th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $35.00 target price on shares of BCE in a research report on Wednesday, May 14th. National Bank Financial upgraded BCE from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. downgraded shares of BCE from a "neutral" rating to an "underweight" rating in a research report on Friday, February 7th. Four analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.67.
Get Our Latest Stock Analysis on BCE
BCE Stock Down 0.7%
Shares of NYSE:BCE traded down $0.15 during mid-day trading on Friday, hitting $21.72. 1,095,284 shares of the company traded hands, compared to its average volume of 2,961,073. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 2.26. The stock has a 50-day moving average price of $21.74 and a two-hundred day moving average price of $23.29. BCE Inc. has a 12-month low of $20.28 and a 12-month high of $36.17. The stock has a market cap of $20.25 billion, a P/E ratio of 181.13, a P/E/G ratio of 4.13 and a beta of 0.61.
BCE (NYSE:BCE - Get Free Report) TSE: BCE last announced its earnings results on Thursday, May 8th. The utilities provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $4.12 billion during 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 firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. On average, equities research analysts forecast that BCE Inc. will post 1.94 earnings per share for the current year.
BCE Company Profile
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Free Report)
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.
Further Reading
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