Insider Selling: BCE (TSE:BCE) Insider Sells C$116,375.00 in Stock

BCE Inc. (TSE:BCE) (NYSE:BCE) insider Karine Moses sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$33.25, for a total transaction of C$116,375.00. Following the completion of the sale, the insider directly owned 3,712 shares in the company, valued at approximately C$123,424. This trade represents a 48.53% decrease in their position.

BCE Stock Performance

TSE BCE opened at C$32.72 on Monday. The company’s 50 day moving average is C$33.90 and its 200-day moving average is C$33.51. BCE Inc. has a 12-month low of C$29.17 and a 12-month high of C$36.25. The company has a quick ratio of 0.43, a current ratio of 0.66 and a debt-to-equity ratio of 183.90. The firm has a market cap of C$30.51 billion, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 4.67 and a beta of 0.33.

BCE (TSE:BCE) (NYSE:BCE) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.63 earnings per share (EPS) for the quarter. BCE had a net margin of 26.07% and a return on equity of 29.69%. The company had revenue of C$6.17 billion for the quarter. Sell-side analysts predict that BCE Inc. will post 3.1120864 earnings per share for the current year.

BCE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $1.75 annualized dividend and a yield of 5.3%. BCE’s payout ratio is currently 25.85%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BCE shares. Royal Bank Of Canada boosted their price objective on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. TD Securities cut shares of BCE from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$41.00 to C$37.00 in a research note on Thursday, April 2nd. JPMorgan Chase & Co. boosted their price objective on shares of BCE from C$33.00 to C$37.00 in a research note on Friday, February 6th. National Bank Financial boosted their price objective on shares of BCE from C$38.00 to C$39.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Finally, Barclays raised shares of BCE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$37.78.

About BCE

Bell Media is Canada’s leading media and entertainment company with a portfolio of assets in premium video, audio, out-of-home advertising, and digital media. This includes Canada’s most-watched television network, CTV; the largest Canadian-owned video streamer, Crave, with a premium add-on to include STARZ; a powerful suite of specialty channels; the most-trusted news brand, CTV News; Canada’s cross-platform sports leaders, TSN and RDS; leading out-of-home advertising network, Astral; Québec’s fast-growing conventional French-language network, Noovo; the country’s leading radio and podcast app, iHeartRadio Canada; and a range of award-winning original productions, brands, and services.