Rogers Communication, Inc. (NYSE:RCI) Position Trimmed by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lessened its holdings in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 9.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,060 shares of the Wireless communications provider’s stock after selling 13,300 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Rogers Communication were worth $3,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of RCI. Lindbrook Capital LLC grew its stake in Rogers Communication by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 744 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Rogers Communication by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,052 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Rogers Communication in the 1st quarter valued at approximately $79,000. Headlands Technologies LLC grew its stake in shares of Rogers Communication by 274.2% in the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock valued at $163,000 after buying an additional 3,888 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its stake in shares of Rogers Communication by 19.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after buying an additional 930 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

RCI has been the subject of several recent research reports. Canaccord Genuity Group raised Rogers Communication from a “hold” rating to a “buy” rating in a research note on Friday, April 4th. Scotiabank cut Rogers Communication from a “sector outperform” rating to a “sector perform” rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Rogers Communication has a consensus rating of “Hold” and an average price target of $67.00.

Rogers Communication Stock Down 1.8%

Shares of Rogers Communication stock opened at $27.42 on Wednesday. The stock has a market capitalization of $14.70 billion, a P/E ratio of 11.77, a PEG ratio of 1.54 and a beta of 0.73. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. The stock has a 50 day moving average price of $25.91 and a two-hundred day moving average price of $27.95. Rogers Communication, Inc. has a 12-month low of $23.18 and a 12-month high of $41.84.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.02). Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts expect that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, June 9th. This is a positive change from Rogers Communication’s previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.27%. Rogers Communication’s payout ratio is 62.66%.

About Rogers Communication

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.