2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. trimmed its stake in Rogers Communications Inc. ( NYSE:RCI – Free Report ) (TSE:RCI.
B) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,634,338 shares of the Wireless communications provider’s stock after selling 94,498 shares during the quarter.
JPMorgan Chase & Co. owned approximately 0.31% of Rogers Communications worth $50,223,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI raised its stake in Rogers Communications by 18.6% in the 3rd quarter.
National Bank of Canada FI now owns 6,239,553 shares of the Wireless communications provider’s stock valued at $250,886,000 after purchasing an additional 977,924 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Rogers Communications by 5,526.
8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider’s stock valued at $18,177,000 after buying an additional 581,424 shares during the last quarter.
QV Investors Inc. purchased a new position in shares of Rogers Communications during the fourth quarter valued at approximately $12,650,000. Assenagon Asset Management S.
A. purchased a new position in shares of Rogers Communications during the fourth quarter valued at approximately $12,019,000. Finally, Scheer Rowlett & Associates Investment Management Ltd.
raised its holdings in Rogers Communications by 24.1% in the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd.
now owns 1,443,877 shares of the Wireless communications provider’s stock valued at $44,330,000 after acquiring an additional 280,779 shares during the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In Several equities research analysts have recently issued reports on RCI shares. Morgan Stanley initiated coverage on Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating on the stock.
Bank of America cut Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Scotiabank downgraded shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, April 1st. Canaccord Genuity Group raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday.
Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.
com, the stock currently has an average rating of “Hold” and a consensus target price of $61.75. Rogers Communications Stock Down 0.
9 % RCI opened at $25.85 on Friday. The company has a market cap of $13.
86 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.43 and a beta of 0.
67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.
61 and a current ratio of 0.66. Rogers Communications Inc.
has a 1 year low of $24.76 and a 1 year high of $41.84.
The firm has a 50 day moving average price of $27.72 and a 200 day moving average price of $32.37.
Rogers Communications ( NYSE:RCI – Get Free Report ) (TSE:RCI.B) last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.
04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07.
Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%.
Sell-side analysts expect that Rogers Communications Inc. will post 3.57 earnings per share for the current year.
Rogers Communications Cuts Dividend The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were paid a dividend of $0.347 per share.
This represents a $1.39 annualized dividend and a yield of 5.37%.
The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications’s dividend payout ratio (DPR) is 59.48%.
About Rogers Communications ( 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.
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