14,905 Shares in Rogers Communication, Inc. $RCI Bought by 111 Capital

111 Capital acquired a new position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,905 shares of the Wireless communications provider’s stock, valued at approximately $563,000.

Several other institutional investors also recently modified their holdings of RCI. Invesco Ltd. lifted its holdings in Rogers Communication by 52.3% in the second quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider’s stock valued at $27,724,000 after buying an additional 321,124 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 683 shares during the period. Marshall Wace LLP lifted its holdings in Rogers Communication by 36.5% in the second quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock valued at $1,103,000 after buying an additional 9,951 shares during the period. Cerity Partners LLC lifted its holdings in Rogers Communication by 7.0% in the second quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 724 shares during the period. Finally, AXA S.A. lifted its holdings in Rogers Communication by 231.1% in the second quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider’s stock valued at $1,481,000 after buying an additional 34,860 shares during the period. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Price Performance

Shares of NYSE RCI opened at $37.68 on Friday. The firm’s 50-day moving average price is $36.05 and its 200-day moving average price is $37.23. Rogers Communication, Inc. has a 1-year low of $26.30 and a 1-year high of $41.14. The firm has a market capitalization of $20.35 billion, a P/E ratio of 3.97, a P/E/G ratio of 3.31 and a beta of 0.62. 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 earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.73 by $0.01. The company had revenue of $3.94 billion during the quarter, compared to the consensus estimate of $5.44 billion. Rogers Communication had a net margin of 32.00% and a return on equity of 12.11%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. Equities research analysts anticipate that Rogers Communication, Inc. will post 3.55 earnings per share for the current fiscal year.

Rogers Communication Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Rogers Communication Profile

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.