2 weeks Ago By ABMN Staff
Intech Investment Management LLC reduced its position in shares of Rogers Communications Inc. ( NYSE:RCI – Free Report ) (TSE:RCI.B) by 65.
0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,122 shares of the Wireless communications provider’s stock after selling 13,230 shares during the period. Intech Investment Management LLC’s holdings in Rogers Communications were worth $263,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P.
raised its stake in Rogers Communications by 10.2% during the 4th quarter. 1832 Asset Management L.
P. now owns 12,707,709 shares of the Wireless communications provider’s stock worth $594,848,000 after buying an additional 1,177,264 shares during the period. TD Asset Management Inc raised its stake in shares of Rogers Communications by 4.
2% in the first quarter. TD Asset Management Inc now owns 11,538,070 shares of the Wireless communications provider’s stock worth $473,204,000 after purchasing an additional 463,368 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Rogers Communications by 37.
5% in the first quarter. National Bank of Canada FI now owns 5,570,690 shares of the Wireless communications provider’s stock worth $220,193,000 after purchasing an additional 1,519,894 shares during the last quarter. Letko Brosseau & Associates Inc.
raised its stake in shares of Rogers Communications by 1.5% in the second quarter. Letko Brosseau & Associates Inc.
now owns 4,004,074 shares of the Wireless communications provider’s stock worth $148,066,000 after purchasing an additional 57,245 shares during the last quarter. Finally, AGF Management Ltd. raised its stake in shares of Rogers Communications by 5.
6% in the second quarter. AGF Management Ltd. now owns 3,651,100 shares of the Wireless communications provider’s stock worth $135,018,000 after purchasing an additional 194,581 shares during the last quarter.
45.49% of the stock is owned by institutional investors and hedge funds. Rogers Communications Trading Up 0.
4 % NYSE:RCI opened at $40.24 on Friday. The company has a market cap of $21.
33 billion, a P/E ratio of 50.30, a P/E/G ratio of 1.06 and a beta of 0.
67. The stock’s fifty day moving average price is $39.73 and its two-hundred day moving average price is $39.
25. Rogers Communications Inc. has a 1 year low of $35.
55 and a 1 year high of $48.19. The company has a debt-to-equity ratio of 3.
58, a current ratio of 0.65 and a quick ratio of 0.60.
Rogers Communications Cuts Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Monday, September 9th will be given a $0.365 dividend.
The ex-dividend date is Monday, September 9th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.
63%. Rogers Communications’s dividend payout ratio (DPR) is presently 185.00%.
Analysts Set New Price Targets Several analysts have recently commented on RCI shares. TD Securities increased their price objective on Rogers Communications from $73.00 to $74.
00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. BMO Capital Markets upped their target price on Rogers Communications from $67.00 to $70.
00 and gave the company an “outperform” rating in a report on Thursday, September 19th. Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. StockNews.
com raised Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $57.00 target price (down from $59.
00) on shares of Rogers Communications in a report on Thursday, July 25th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.
com, Rogers Communications presently has a consensus rating of “Moderate Buy” and an average target price of $61.75. View Our Latest Stock Report on RCI Rogers Communications Company Profile ( Free Report ) Rogers Communications Inc operates as a communications and media company in Canada.
It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands. Further Reading Want to see what other hedge funds are holding RCI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Rogers Communications Inc. ( NYSE:RCI – Free Report ) (TSE:RCI.B).
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