Frank, Rimerman Advisors 13F: Exits BCE Stake

Frank, Rimerman Advisors disclosed on October 16, 2026, that it sold its entire position in BCE Inc. (NYSE: BCE), cutting 32,620 shares. This marks a complete exit from the company, as the fund previously held a stake totaling 32,620 shares.

What Changed in Frank, Rimerman Advisors' BCE Position

The fund sold out of BCE Inc., reducing its holdings by 100% to zero shares. This action reflects a notable shift in the fund’s portfolio strategy regarding the telecommunications sector.

Other Institutional Activity in BCE

Several other institutional investors have been active with BCE Inc. Royal Bank of Canada grew its holdings by 4,804,606 shares, ending with 64,047,598 shares valued at about $1.30 billion. Bank of Montreal added 3,637,607 shares for a total of 39,617,898 shares worth approximately $805.4 million. FIL LTD increased its stake by 1,245,840 shares, bringing its total to 38,658,448 shares valued at about $785.9 million. National Bank of Canada also added to its investment by 1,914,715 shares, now holding 23,165,717 shares worth about $471.0 million.

BCE Inc. Stock Up 0.6%

As of October 16, 2026, BCE Inc. is trading at $20.30. This price is currently below both its 50-day moving average of about $22.12 and its 200-day average of approximately $23.63. The stock is also 23.5% below its 52-week high of $26.52, while it remains above its 52-week low of $18.68 by approximately 8.7%.

Recent Earnings

BCE Inc. reported trailing twelve-month revenue of approximately $24.8 billion, with a net margin of 25.9% and a return on equity (ROE) of 30.5%. The company's next earnings report is scheduled for November 5, 2026.

Analysts Set New Price Targets

On October 13, 2026, Barclays maintained its Equal-Weight rating on BCE Inc. with a price target of $24.00, down from $25.00. Earlier, on August 11, B of A Securities upgraded the stock to a Buy rating with a new price target of $27.00, up from $24.50. The consensus among analysts reflects a buy recommendation with a mean target price of $26.64 from three opinions.

About BCE Inc.

BCE Inc. provides a variety of communication services, including wireless, internet, and television services, to customers in Canada. The company plays a significant role in the telecom industry through its various segments, making its recent institutional movements noteworthy.

Bottom Line

Investors should note that Frank, Rimerman Advisors has exited its position in BCE Inc., which reflects broader market trends or fund strategies. The stock's upcoming earnings report on November 5, 2026, may provide further insights into its performance and investor sentiment. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.