Sun Sep 15 12:14:58 UTC 2024: ## BCE Inc. Stock Sees Mixed Activity from Institutional Investors

**Toronto, Canada – September 15, 2024** – American Century Companies Inc. reduced its stake in BCE Inc. (NYSE:BCE) by 0.8% in the second quarter, according to HoldingsChannel. The fund now owns 2,929,820 shares of the Canadian telecommunications giant, valued at $94,894,000.

Despite the slight decrease from American Century, other institutional investors have shown a positive interest in BCE. Cape Investment Advisory Inc. increased its holdings by a significant 84.1% in the fourth quarter, while several other firms, including Financial Advocates Investment Management, Valeo Financial Advisors LLC, DGS Capital Management LLC, and Simplicity Wealth LLC, also expanded their positions.

BCE’s stock opened at $35.40 on Friday, with a market capitalization of $32.29 billion. The company has a 12-month low of $31.13 and a 12-month high of $41.77. BCE recently announced a quarterly dividend of $0.729 per share, payable on October 15th, representing an annualized dividend of $2.92 and a yield of 8.24%.

Analyst sentiment towards BCE is mixed. Cibc World Mkts upgraded the stock from a “hold” to a “strong-buy” rating in August, while BMO Capital Markets raised their target price from $46.00 to $47.00 but maintained a “market perform” rating. Overall, six analysts have rated the stock a “hold”, two have given a “buy” rating, and one has assigned a “strong buy” rating.

BCE Inc. provides wireless, wireline, internet, and television services to customers in Canada through its two segments: Bell Communication and Technology Services, and Bell Media. The company’s performance is closely tied to the Canadian economy and consumer spending patterns.

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