Cibc World Markets INC Increased Bce INC (BCE) Stake by $62.69 Million; Shares Rose

BCE Inc. (NYSE:BCE) Corporate Logo

According to 2018Q4 SEC form the Cibc World Markets Inc increased its stake in Bce Inc (BCE) by 13.79%. 1.61 million shares were bought by Cibc World Markets Inc as the company’s stock rose 2.24% with the market. The institutional investor is holding 13.26 million shares, compared to the 11.66 million from the previous quarter. And the reported value of the public utilities company is $524.36 million for the 2018Q4. $40.07B is Bce Inc’s market cap. Ticker’s shares touched $44.64 during the last trading session after 0.20% change.BCE Inc. has volume of 411,065 shares. Since April 6, 2018 BCE has risen 0.74% and is uptrending. The stock underperformed the S&P 500 by 3.63%.

Cibc World Markets Inc decreased its stake in Occidental Pete Corp Del (NYSE:OXY) by 106,440 shares to 216,316 shares, valued at $13.28M in 2018Q4, according to the filing. It manages about $19.56 billion US Long portfolio. For a total of 9.23M shares it reduced its holding in Telus Corp (NYSE:TU) by 284,748 shares in the quarter, and has cut its stake in Broadcom Inc.

For more BCE Inc. (NYSE:BCE) news posted recently go to: Fool.ca, Fool.ca, Fool.ca, Fool.ca or Fool.ca. The titles are as follows: “Build a Millionaire Fund With These Recession-Proof Investments – The Motley Fool Canada” posted on March 10, 2019, “2 Soaring High-Yield Stocks to Watch Today – The Motley Fool Canada” on March 29, 2019, “Forget BCE Inc. (TSX:BCE) and Telus (TSX:T): Buy These 2 Superior Dividend Stocks Instead! – The Motley Fool Canada” with a publish date: March 27, 2019, “Why I’d Be Worried Sick if I Owned BCE (TSX:BCE) Stock – The Motley Fool Canada” and the last “Want to Hold Stocks With No Money Down, Interest-Free? Here’s How – The Motley Fool Canada” with publication date: March 22, 2019.

BCE Inc. (NYSE:BCE) Ratings Coverage

Total analysts of 2 have positions in BCE (NYSE:BCE) as follows: 2 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since October 18, 2018 according to StockzIntelligence Inc BCE has 6 analyst reports. On Friday, November 2 the firm has “Overweight” rating given by Barclays Capital. On Thursday, October 18 the firm earned “Buy” rating by Desjardins Securities.

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