Mercer Global Advisors Inc. ADV Purchases 1,319 Shares of BCE Inc. (NYSE:BCE)

Mercer Global Advisors Inc. ADV boosted its position in shares of BCE Inc. (NYSE:BCE) (TSE:BCE) by 11.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,499 shares of the utilities provider’s stock after purchasing an additional 1,319 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in BCE were worth $616,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC raised its holdings in BCE by 70.1% during the 2nd quarter. DAVENPORT & Co LLC now owns 102,307 shares of the utilities provider’s stock worth $5,046,000 after purchasing an additional 42,147 shares during the last quarter. Forsta AP Fonden grew its position in shares of BCE by 2.9% during the 1st quarter. Forsta AP Fonden now owns 129,300 shares of the utilities provider’s stock worth $5,836,000 after buying an additional 3,600 shares during the period. Brinker Capital Investments LLC grew its position in shares of BCE by 20.8% during the 2nd quarter. Brinker Capital Investments LLC now owns 51,137 shares of the utilities provider’s stock worth $2,530,000 after buying an additional 8,791 shares during the period. Parallel Advisors LLC grew its position in shares of BCE by 19.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,427 shares of the utilities provider’s stock worth $120,000 after buying an additional 396 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of BCE by 14.5% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 85,156 shares of the utilities provider’s stock worth $4,191,000 after buying an additional 10,794 shares during the period. 43.11% of the stock is owned by hedge funds and other institutional investors.

NYSE:BCE opened at $51.13 on Friday. BCE Inc. has a twelve month low of $39.91 and a twelve month high of $53.00. The company has a quick ratio of 0.78, a current ratio of 0.83 and a debt-to-equity ratio of 1.35. The business has a 50 day moving average price of $50.87 and a two-hundred day moving average price of $49.03. The company has a market cap of $46.38 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 4.13 and a beta of 0.45.

BCE (NYSE:BCE) (TSE:BCE) last released its quarterly earnings results on Thursday, August 5th. The utilities provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. BCE had a return on equity of 16.79% and a net margin of 12.88%. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.68 billion. As a group, analysts anticipate that BCE Inc. will post 2.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 15th. Shareholders of record on Wednesday, September 15th will be given a dividend of $0.7011 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Tuesday, September 14th. BCE’s dividend payout ratio (DPR) is currently 123.11%.

Several research firms have recently issued reports on BCE. Scotiabank boosted their target price on BCE from C$63.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Friday, August 6th. BMO Capital Markets boosted their target price on BCE from C$61.50 to C$63.50 and gave the stock an “outperform” rating in a research report on Friday, August 6th. Canaccord Genuity upgraded BCE from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $66.00 in a research report on Thursday, August 5th. Royal Bank of Canada boosted their price objective on BCE from $61.00 to $63.00 and gave the company a “sector perform” rating in a research report on Friday, August 6th. Finally, TD Securities boosted their price objective on BCE from C$67.00 to C$70.00 and gave the company a “buy” rating in a research report on Monday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, BCE has an average rating of “Hold” and a consensus price target of $60.45.

BCE Profile

BCE, Inc is a telecommunications and media company, which engages in the provision of communication services to residential, business, and wholesale customers. It operates through the following segments: Bell Wireless, Bell Wireline, and Bell Media. The Bell Wireless segment covers integrated digital wireless voice and data communications products and services to residential and business customers.

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Institutional Ownership by Quarter for BCE (NYSE:BCE)

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