Mawer Investment Management LTD Has Trimmed Its Bce (BCE) Holding as Market Value Declined; As Mastercard (MA) Share Value Rose, Greystone Investment Management Has Cut Holding

April 24, 2018 - By Clifton Ray

BCE Inc. (NYSE:BCE) Logo

Greystone Investment Management Llc decreased its stake in Mastercard Incorporated (MA) by 29.09% based on its latest 2017Q4 regulatory filing with the SEC. Greystone Investment Management Llc sold 12,169 shares as the company’s stock rose 14.37% while stock markets declined. The institutional investor held 29,657 shares of the business services company at the end of 2017Q4, valued at $4.49M, down from 41,826 at the end of the previous reported quarter. Greystone Investment Management Llc who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $180.33 billion market cap company. The stock decreased 2.23% or $3.91 during the last trading session, reaching $171.52. About 3.02M shares traded. Mastercard Incorporated (NYSE:MA) has risen 54.12% since April 24, 2017 and is uptrending. It has outperformed by 42.57% the S&P500.

Mawer Investment Management Ltd decreased its stake in Bce Inc (BCE) by 1.18% based on its latest 2017Q4 regulatory filing with the SEC. Mawer Investment Management Ltd sold 30,231 shares as the company’s stock declined 10.41% with the market. The institutional investor held 2.52M shares of the public utilities company at the end of 2017Q4, valued at $121.27 million, down from 2.55 million at the end of the previous reported quarter. Mawer Investment Management Ltd who had been investing in Bce Inc for a number of months, seems to be less bullish one the $38.08 billion market cap company. The stock increased 0.56% or $0.235 during the last trading session, reaching $41.995. About 774,267 shares traded. BCE Inc. (NYSE:BCE) has declined 3.54% since April 24, 2017 and is downtrending. It has underperformed by 15.09% the S&P500.

Mawer Investment Management Ltd, which manages about $20.93B and $12.09B US Long portfolio, upped its stake in Intercontinental Exchange In (NYSE:ICE) by 43,320 shares to 332,320 shares, valued at $23.45M in 2017Q4, according to the filing. It also increased its holding in Synnex Corp (NYSE:SNX) by 159,900 shares in the quarter, for a total of 271,600 shares, and has risen its stake in Intl Flavors & Fragrances (NYSE:IFF).

Among 9 analysts covering BCE Inc. (NYSE:BCE), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. BCE Inc. had 23 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, July 19 by Citigroup. The firm earned “Buy” rating on Friday, December 4 by Goldman Sachs. The firm earned “Overweight” rating on Friday, February 9 by Barclays Capital. Canaccord Genuity maintained the shares of BCE in report on Friday, August 7 with “Hold” rating. The stock of BCE Inc. (NYSE:BCE) has “Buy” rating given on Friday, November 6 by Canaccord Genuity. Credit Suisse reinitiated the stock with “Neutral” rating in Monday, January 4 report. The stock of BCE Inc. (NYSE:BCE) has “Best Ideas List” rating given on Friday, October 16 by RBC Capital Markets. The rating was maintained by National Bank Canada with “Sector Perform” on Friday, November 6. The company was downgraded on Thursday, May 26 by Citigroup. On Monday, January 9 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”.

Analysts await BCE Inc. (NYSE:BCE) to report earnings on May, 3 before the open. They expect $0.64 EPS, down 3.03% or $0.02 from last year’s $0.66 per share. BCE’s profit will be $580.27 million for 16.40 P/E if the $0.64 EPS becomes a reality. After $0.60 actual EPS reported by BCE Inc. for the previous quarter, Wall Street now forecasts 6.67% EPS growth.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 36 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Mastercard Incorporated had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, September 19 by Morgan Stanley. The firm earned “Buy” rating on Friday, September 11 by Citigroup. Credit Suisse downgraded the shares of MA in report on Thursday, July 27 to “Hold” rating. Tigress Financial maintained the shares of MA in report on Thursday, February 8 with “Buy” rating. Guggenheim maintained the shares of MA in report on Thursday, February 1 with “Buy” rating. The firm earned “Buy” rating on Wednesday, July 5 by RBC Capital Markets. The firm has “Top Pick” rating by RBC Capital Markets given on Friday, June 16. Piper Jaffray maintained the stock with “Buy” rating in Thursday, January 18 report. The stock of Mastercard Incorporated (NYSE:MA) has “Hold” rating given on Thursday, February 1 by Sandler O’Neill. As per Tuesday, July 18, the company rating was maintained by Oppenheimer.

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on May, 2 before the open. They expect $1.25 earnings per share, up 23.76% or $0.24 from last year’s $1.01 per share. MA’s profit will be $1.31 billion for 34.30 P/E if the $1.25 EPS becomes a reality. After $1.14 actual earnings per share reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 9.65% EPS growth.

Investors sentiment increased to 0.91 in 2017 Q4. Its up 0.02, from 0.89 in 2017Q3. It increased, as 46 investors sold MA shares while 492 reduced holdings. 131 funds opened positions while 356 raised stakes. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. Bankshares Of Montreal Can invested in 3.04 million shares. Hall Laurie J Trustee holds 1.29% or 14,965 shares in its portfolio. Rmb Management Limited Liability owns 6,652 shares. Art Advsr Ltd Liability Com accumulated 0.21% or 31,600 shares. 3.89 million are owned by Vontobel Asset Mgmt. Keybank Association Oh reported 705,338 shares stake. Schwerin Boyle Mgmt has 302,736 shares for 5% of their portfolio. Teachers Retirement Of The State Of Kentucky reported 0.4% in Mastercard Incorporated (NYSE:MA). Bbva Compass Financial Bank has invested 0.16% of its portfolio in Mastercard Incorporated (NYSE:MA). Greenwood Assoc Limited Liability Corp stated it has 1.34% of its portfolio in Mastercard Incorporated (NYSE:MA). Ameriprise Financial reported 8.45M shares or 0.58% of all its holdings. Westwood Mgmt Il, a Illinois-based fund reported 384,138 shares. 1,400 were accumulated by Ipswich Investment Management Com. Ledyard Savings Bank accumulated 0.11% or 6,030 shares. Citigroup Incorporated reported 353,451 shares or 0.04% of all its holdings.

Since January 2, 2018, it had 0 insider buys, and 5 sales for $10.78 million activity. Fraccaro Michael sold 3,993 shares worth $692,252. $1.09 million worth of stock was sold by CARLUCCI DAVID R on Friday, March 9. Haythornthwaite Richard had sold 5,000 shares worth $866,104 on Monday, April 2. The insider Murphy Timothy H sold $5.53M.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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