DORCHESTER WEALTH MANAGEMENT Co Buys 3,259 Shares of BCE, Inc. (NYSE:BCE)

DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of BCE, Inc. (NYSE:BCE) (TSE:BCE) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 208,627 shares of the utilities provider’s stock after buying an additional 3,259 shares during the period. BCE comprises approximately 3.2% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 6th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in BCE were worth $9,389,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BCE. Wellington Management Group LLP boosted its position in BCE by 1.9% in the first quarter. Wellington Management Group LLP now owns 13,247,536 shares of the utilities provider’s stock valued at $584,936,000 after buying an additional 244,009 shares in the last quarter. FMR LLC raised its stake in BCE by 3.6% in the first quarter. FMR LLC now owns 12,274,108 shares of the utilities provider’s stock valued at $543,445,000 after buying an additional 424,228 shares during the last quarter. Vanguard Group Inc. raised its stake in BCE by 9.0% in the first quarter. Vanguard Group Inc. now owns 6,839,144 shares of the utilities provider’s stock valued at $302,769,000 after buying an additional 564,047 shares during the last quarter. Bank of America Corp DE raised its stake in BCE by 25.9% in the first quarter. Bank of America Corp DE now owns 6,384,703 shares of the utilities provider’s stock valued at $282,651,000 after buying an additional 1,311,603 shares during the last quarter. Finally, Letko Brosseau & Associates Inc. raised its stake in BCE by 0.4% in the first quarter. Letko Brosseau & Associates Inc. now owns 6,323,053 shares of the utilities provider’s stock valued at $279,464,000 after buying an additional 22,155 shares during the last quarter. Institutional investors and hedge funds own 43.89% of the company’s stock.

BCE, Inc. (BCE) traded up 0.04% on Friday, reaching $46.67. 595,877 shares of the company’s stock were exchanged. BCE, Inc. has a 12 month low of $41.83 and a 12 month high of $49.03. The firm’s 50-day moving average is $45.17 and its 200-day moving average is $44.66. The firm has a market cap of $41.98 billion, a PE ratio of 17.94 and a beta of 0.36.

BCE (NYSE:BCE) (TSE:BCE) last released its earnings results on Wednesday, April 26th. The utilities provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. The business had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.37 billion. BCE had a net margin of 13.36% and a return on equity of 22.03%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. On average, equities analysts forecast that BCE, Inc. will post $2.67 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Saturday, July 15th. Investors of record on Thursday, June 15th were given a $0.5316 dividend. This represents a $2.13 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Tuesday, June 13th. BCE’s dividend payout ratio (DPR) is currently 85.89%.

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Several equities research analysts recently issued reports on BCE shares. Citigroup Inc. raised shares of BCE from a “neutral” rating to a “buy” rating in a research note on Thursday, April 6th. Zacks Investment Research lowered shares of BCE from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. BidaskClub lowered shares of BCE from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Canaccord Genuity set a $60.00 price objective on shares of BCE and gave the company a “hold” rating in a research note on Tuesday, May 16th. Finally, Argus started coverage on shares of BCE in a research note on Tuesday, July 18th. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $58.75.

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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