As Bce INC (BCE) Shares Declined, Shareholder Schafer Cullen Capital Management INC Increased Stake

BCE Inc. (NYSE:BCE) Corporate Logo

Based on the latest 2018Q2 regulatory filing with the SEC, Schafer Cullen Capital Management Inc rose its stake in Bce Inc. (BCE) by 7.29%. The company’s stock declined 4.08% while stock markets rallied as Schafer Cullen Capital Management Inc bought 268,968 shares. The public utilities company at the end of 2018Q2 was valued at $160.19 million. It’s up from 3.69 million at the end of the previous reported quarter. Now it had 3.96M shares held by the hedge fund . $36.68B is Bce Inc.’s MC. $40.99 was the last price.It’s downtrending since November 10, 2017 and is 15.26% down. BCE underperformed by 30.88% the S&P500.

About $10.62B and $7.75 billion US Long portfolio Schafer Cullen Capital Management Inc operates. According to a filing the fund reduced its stake in British American Tobacco Plc ( (NYSEMKT:BTI) by 61,103 shares to 1.26 million shares, valued at $63.77 million in 2018Q2. For a total of 2.16M shares it reduced its holding in Merck & Co. Inc. (NYSE:MRK) by 179,202 shares in the quarter, and has cut its stake in Eaton Corp. Plc (NYSE:ETN).

For more BCE Inc. (NYSE:BCE) news brought out briefly go to: Seekingalpha.com, Fool.ca, Fool.ca, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “BCE +1.9% as wireless growth paces Q3 earnings beat” brought out on November 01, 2018, “TFSA Investors: 3 Oversold TSX Index Giants to Own for Decades” on November 10, 2018, “Yes, Even “Boring” Stocks Like BCE Inc. (TSX:BCE) Can Make You a TFSA Millionaire” with a publish date: November 08, 2018, “Finally! BCE In Buy Territory” and the last “BCE: Is Its Pullback A Good Buying Opportunity?” with publication date: November 07, 2018.

BCE Inc. (NYSE:BCE) Ratings Coverage

In total 3 analysts cover BCE (NYSE:BCE). “Buy” rating has 3, “Sell” are 0, while 0 are “Hold”. (NYSE:BCE) has 100% bullish analysts. 3 are the (NYSE:BCE)’s ratings reports on 10 Nov 2018 according to StockzIntelligence Inc. On Friday, November 2 the rating was maintained by Barclays Capital with “Overweight”. On Tuesday, August 14 the rating was upgraded by Edward Jones to “Buy”. On Thursday, October 18 the stock of BCE Inc. (NYSE:BCE) has “Buy” rating given by Desjardins Securities.

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