Rogers Communications Inc. (RCI) Stake Lessened by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 37.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,629 shares of the Wireless communications provider’s stock after selling 199,837 shares during the period. Janus Henderson Group PLC owned about 0.07% of Rogers Communications worth $17,354,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC bought a new position in Rogers Communications during the third quarter valued at $201,000. Cozad Asset Management Inc. bought a new position in Rogers Communications during the second quarter valued at $267,000. Raymond James Financial Services Advisors Inc. bought a new position in Rogers Communications during the second quarter valued at $287,000. Schroder Investment Management Group bought a new position in Rogers Communications during the second quarter valued at $337,000. Finally, San Francisco Sentry Investment Group CA bought a new position in Rogers Communications during the second quarter valued at $403,000. 44.80% of the stock is owned by institutional investors.

RCI has been the subject of several research reports. Zacks Investment Research raised Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Wednesday, September 19th. Desjardins lowered Rogers Communications from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Finally, Edward Jones lowered Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 price objective for the company. in a report on Thursday, November 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Rogers Communications has a consensus rating of “Hold” and an average target price of $54.89.

Shares of NYSE RCI opened at $53.53 on Friday. Rogers Communications Inc. has a 1-year low of $43.11 and a 1-year high of $54.83. The firm has a market cap of $27.60 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 3.32 and a beta of 0.74. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.72 and a quick ratio of 0.65.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.05. Rogers Communications had a return on equity of 29.37% and a net margin of 13.34%. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.91 billion. Analysts anticipate that Rogers Communications Inc. will post 3.23 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th will be issued a dividend of $0.3695 per share. This represents a $1.48 annualized dividend and a yield of 2.76%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 10th. Rogers Communications’s dividend payout ratio is 54.24%.

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Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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