BCE Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:BCE1 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Dec 24	Sell€640,131	Calin Rovinescu	Individual	28,516	€22.45
12 Dec 24	Sell€20,845	Karine Moses	Individual	850	€24.52
05 Dec 24	Sell€347,575	John Watson	Individual	13,621	€25.52
25 Nov 24	Sell€350,223	John Watson	Individual	13,621	€25.71
19 Nov 24	Buy€116,179	Jennifer Tory	Individual	4,500	€25.82
15 Nov 24	Buy€234,407	Calin Rovinescu	Individual	9,300	€25.21
13 Nov 24	Buy€264,192	Louis Vachon	Individual	10,000	€26.95
13 Nov 24	Buy€135,434	Mirko Bibic	Individual	5,256	€25.77
24 May 24	Buy€155,040	Jennifer Tory	Individual	5,000	€31.01
06 May 24	Buy€155,629	Louis Vachon	Individual	5,000	€31.13
06 May 24	Buy€342,832	Robert Dexter	Individual	11,000	€31.17
15 Mar 24	Buy€376,255	Robert Simmonds	Individual	12,000	€31.59
14 Mar 24	Buy€46,555	Louis Pagnutti	Individual	1,500	€31.30
14 Feb 24	Buy€69,687	Karen Sheriff	Individual	2,000	€34.84
13 Feb 24	Buy€71,029	Calin Rovinescu	Individual	2,000	€35.53
12 Feb 24	Buy€191,932	Sheila Murray	Individual	5,500	€34.90
12 Feb 24	Buy€346,025	Mirko Bibic	Individual	9,900	€34.95

Insider Trading Volume

Insider Buying: BCE1 insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of BCE1?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	487,915	0.0535%
State or Government	522,297	0.0573%
Institutions	370,349,294	40.6%
General Public	540,923,597	59.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 30.2% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
3.74%	BMO Asset Management Corp.	34,113,580	€757.2m	-9.1%	0.31%
2.63%	Fidelity International Ltd	23,970,309	€532.0m	15.3%	0.23%
2.33%	Canadian Imperial Bank of Commerce, Asset Management Arm	21,299,816	€472.8m	-7.03%	1.07%
2.07%	National Bank Investments Inc.	18,873,961	€418.9m	4.8%	0.57%
2.05%	RBC Global Asset Management Inc.	18,668,811	€414.4m	-2.02%	0.27%
1.83%	Caisse de dépôt et placement du Québec	16,737,289	€371.5m	0%	0.38%
1.79%	The Bank of Nova Scotia, Banking Investments	16,313,410	€362.1m	4.18%	0.76%
1.7%	The Vanguard Group, Inc.	15,466,993	€343.3m	2.6%	0.01%
1.69%	RBC Dominion Securities Inc., Asset Management Arm	15,411,309	€342.1m	-4.55%	0.4%
1.57%	Royal Bank of Canada, Banking & Securities Investments	14,354,954	€318.6m	11.9%	0.17%
1.18%	TD Asset Management, Inc.	10,756,094	€238.7m	-0.86%	0.18%
0.91%	Scotiabank Global Banking and Markets, Asset Management Division	8,321,718	€184.7m	-2.44%	1.06%
0.72%	Toronto-Dominion Bank, Banking Investments	6,579,153	€146.0m	-22.9%	0.23%
0.64%	Charles Schwab Investment Management, Inc.	5,860,184	€130.1m	-0.15%	0.02%
0.62%	Fédération des Caisses Desjardins du Québec, Asset Management Arm	5,653,458	€125.5m	-28.6%	0.74%
0.62%	Cullen Capital Management, LLC	5,639,032	€125.2m	15.5%	1.33%
0.6%	CIBC Asset Management Inc.	5,475,741	€121.5m	-0.8%	0.26%
0.59%	1832 Asset Management L.P.	5,427,713	€120.5m	16.4%	0.17%
0.53%	Morgan Stanley, Investment Banking and Brokerage Investments	4,869,795	€108.1m	76%	0.01%
0.45%	Manulife Asset Management	4,149,501	€92.1m	-18.1%	0.07%
0.41%	Managed Account Advisors LLC	3,736,944	€82.9m	0.13%	0.02%
0.39%	Letko, Brosseau & Associates Inc.	3,587,487	€79.6m	2.07%	1.48%
0.39%	Connor, Clark & Lunn Investment Management Ltd.	3,563,534	€79.1m	48.7%	0.39%
0.38%	Federated Hermes, Inc.	3,464,199	€76.9m	-2.81%	0.2%
0.35%	First Trust Advisors LP	3,187,478	€70.7m	2.87%	0.06%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 12:01
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

BCE Inc. is covered by 40 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mark Rosen	Accountability Research Corporation
Amman Saeed	Accountability Research Corporation
null null	Argus Research Company