Bollard Group LLC raised its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 32.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,745 shares of the Wireless communications provider’s stock after purchasing an additional 25,317 shares during the period. Bollard Group LLC’s holdings in Rogers Communications were worth $5,584,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lindbrook Capital LLC bought a new position in shares of Rogers Communications in the 4th quarter worth $32,000. We Are One Seven LLC bought a new position in shares of Rogers Communications in the 4th quarter worth $37,000. Enlightenment Research LLC bought a new position in shares of Rogers Communications in the 4th quarter worth $46,000. Van ECK Associates Corp bought a new position in shares of Rogers Communications in the 4th quarter worth $72,000. Finally, Signaturefd LLC raised its position in shares of Rogers Communications by 34.2% in the 1st quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock worth $96,000 after acquiring an additional 454 shares in the last quarter. 44.05% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on RCI. Raymond James lowered Rogers Communications to a “market perform” rating in a research report on Wednesday, February 27th. TD Securities lowered Rogers Communications to a “buy” rating in a research report on Wednesday, February 6th. Zacks Investment Research raised Rogers Communications from a “hold” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Thursday, February 14th. ValuEngine raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a research report on Tuesday, April 9th. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $54.68.
RCI opened at $52.59 on Monday. Rogers Communications Inc. has a 12 month low of $46.16 and a 12 month high of $55.93. The firm has a market capitalization of $27.07 billion, a PE ratio of 15.70, a P/E/G ratio of 3.10 and a beta of 0.56. The company has a debt-to-equity ratio of 1.77, a current ratio of 0.67 and a quick ratio of 0.60.
Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, April 18th. The Wireless communications provider reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.06. Rogers Communications had a return on equity of 27.28% and a net margin of 13.47%. The company had revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. Research analysts expect that Rogers Communications Inc. will post 3.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be given a dividend of $0.3753 per share. This represents a $1.50 annualized dividend and a yield of 2.85%. The ex-dividend date is Friday, June 7th. Rogers Communications’s dividend payout ratio is currently 45.37%.
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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.
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