Rogers Communication, Inc. $RCI Shares Bought by Fiera Capital Corp

Fiera Capital Corp raised its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 8,881.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,196,876 shares of the Wireless communications provider’s stock after acquiring an additional 7,116,744 shares during the quarter. Fiera Capital Corp owned 1.33% of Rogers Communication worth $271,751,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Tacita Capital Inc increased its position in shares of Rogers Communication by 54.5% in the fourth quarter. Tacita Capital Inc now owns 15,501 shares of the Wireless communications provider’s stock valued at $585,000 after buying an additional 5,469 shares in the last quarter. 111 Capital purchased a new position in shares of Rogers Communication in the fourth quarter valued at $563,000. State of Wyoming purchased a new position in shares of Rogers Communication in the fourth quarter valued at $412,000. TD Asset Management Inc increased its position in shares of Rogers Communication by 2.3% in the fourth quarter. TD Asset Management Inc now owns 8,540,114 shares of the Wireless communications provider’s stock valued at $322,789,000 after buying an additional 195,189 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of Rogers Communication by 757.7% in the fourth quarter. Natixis Advisors LLC now owns 292,686 shares of the Wireless communications provider’s stock valued at $11,043,000 after buying an additional 258,562 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Trading Up 0.1%

Rogers Communication stock opened at $37.68 on Monday. The stock has a market cap of $20.35 billion, a PE ratio of 3.97, a P/E/G ratio of 3.31 and a beta of 0.62. The stock has a 50-day moving average price of $36.05 and a 200 day moving average price of $37.23. Rogers Communication, Inc. has a 52 week low of $26.30 and a 52 week high of $41.14. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, April 22nd. The Wireless communications provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. Equities research analysts predict that Rogers Communication, Inc. will post 3.55 earnings per share for the current fiscal year.

Rogers Communication Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 annualized dividend and a yield of 5.3%. Rogers Communication’s payout ratio is 15.51%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Desjardins restated a “hold” rating on shares of Rogers Communication in a research report on Thursday, April 23rd. Scotiabank upgraded Rogers Communication from a “hold” rating to an “outperform” rating in a research report on Thursday, April 23rd. Finally, TD Securities cut Rogers Communication from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $36.00.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.