Rogers Communications Inc. (NYSE:RCI) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 37.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,969 shares of the Wireless communications provider’s stock after buying an additional 2,182 shares during the quarter. Cerity Partners LLC’s holdings in Rogers Communications were worth $373,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its position in Rogers Communications by 62.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 270 shares in the last quarter. Cigna Investments Inc. New lifted its position in Rogers Communications by 4.9% in the 3rd quarter. Cigna Investments Inc. New now owns 6,851 shares of the Wireless communications provider’s stock worth $265,000 after buying an additional 317 shares in the last quarter. Fifth Third Bancorp lifted its position in Rogers Communications by 120.1% in the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 359 shares in the last quarter. Principal Financial Group Inc. lifted its position in Rogers Communications by 3.0% in the 3rd quarter. Principal Financial Group Inc. now owns 13,865 shares of the Wireless communications provider’s stock worth $535,000 after buying an additional 400 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in Rogers Communications by 3.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 20,413 shares of the Wireless communications provider’s stock worth $784,000 after buying an additional 623 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communications Stock Down 0.2 %

Rogers Communications stock opened at $37.95 on Friday. Rogers Communications Inc. has a 1-year low of $36.55 and a 1-year high of $50.00. The firm’s fifty day simple moving average is $41.67 and its 200-day simple moving average is $43.12. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 3.81. The company has a market capitalization of $20.06 billion, a P/E ratio of 47.44, a P/E/G ratio of 1.65 and a beta of 0.59.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Rogers Communications had a net margin of 2.90% and a return on equity of 21.71%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Sell-side analysts forecast that Rogers Communications Inc. will post 3.56 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 10th will be paid a $0.3658 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.46 dividend on an annualized basis and a yield of 3.86%. Rogers Communications’s payout ratio is presently 183.75%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RCI. StockNews.com downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a report on Friday, April 5th. Barclays cut their price target on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

Rogers Communications Profile

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.