Crossmark Global Holdings Inc. Invests $8.18 Million in BCE, Inc. (BCE)
Crossmark Global Holdings Inc. purchased a new position in BCE, Inc. (NYSE:BCE) (TSE:BCE) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 174,667 shares of the utilities provider’s stock, valued at approximately $8,180,000.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in BCE by 0.7% during the 1st quarter. SG Americas Securities LLC now owns 2,951 shares of the utilities provider’s stock worth $131,000 after buying an additional 20 shares during the period. Camarda Financial Advisors LLC raised its stake in BCE by 0.5% during the 2nd quarter. Camarda Financial Advisors LLC now owns 2,964 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the period. AT Bancorp acquired a new stake in BCE during the 2nd quarter worth $149,000. Adell Harriman & Carpenter Inc. acquired a new stake in BCE during the 2nd quarter worth $203,000. Finally, Engineers Gate Manager LP acquired a new stake in BCE during the 2nd quarter worth $203,000. Institutional investors and hedge funds own 43.02% of the company’s stock.
Shares of BCE, Inc. (NYSE:BCE) opened at 46.16 on Wednesday. BCE, Inc. has a 1-year low of $41.83 and a 1-year high of $48.27. The firm has a 50 day moving average price of $47.06 and a 200 day moving average price of $46.15. The firm has a market cap of $41.56 billion, a P/E ratio of 18.28 and a beta of 0.35.
BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.65 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.02). The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.65 billion. BCE had a return on equity of 21.08% and a net margin of 12.85%. BCE’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the company earned $0.94 EPS. Analysts anticipate that BCE, Inc. will post $2.61 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, October 15th. Stockholders of record on Friday, September 15th were given a dividend of $0.575 per share. This represents a $2.30 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Thursday, September 14th. This is a boost from BCE’s previous quarterly dividend of $0.53. BCE’s dividend payout ratio is 94.26%.
Several analysts recently commented on BCE shares. Argus started coverage on BCE in a research note on Tuesday, July 18th. They set a “hold” rating on the stock. BidaskClub raised BCE from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Barclays PLC raised their price objective on BCE from $47.00 to $51.00 and gave the stock an “overweight” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded BCE from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Morgan Stanley dropped their price objective on BCE from $62.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. BCE presently has a consensus rating of “Hold” and an average price target of $56.83.
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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