14,330 Shares in Rogers Communications Inc. (NYSE:RCI) Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC purchased a new stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,330 shares of the Wireless communications provider's stock, valued at approximately $440,000.

A number of other institutional investors also recently made changes to their positions in RCI. APG Asset Management N.V. bought a new position in shares of Rogers Communications during the fourth quarter worth approximately $3,303,000. FIL Ltd increased its stake in Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after acquiring an additional 2,244,240 shares during the period. Avanza Fonder AB acquired a new position in Rogers Communications in the 4th quarter valued at $718,000. Northwest & Ethical Investments L.P. lifted its position in shares of Rogers Communications by 180.9% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock valued at $10,560,000 after acquiring an additional 221,628 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Rogers Communications by 57.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock worth $6,457,000 after purchasing an additional 76,373 shares during the period. Institutional investors own 45.49% of the company's stock.

Rogers Communications Stock Up 0.1 %

Shares of RCI opened at $25.43 on Wednesday. The company has a market capitalization of $13.63 billion, a PE ratio of 10.96, a PEG ratio of 1.43 and a beta of 0.73. The stock's 50-day moving average price is $26.32 and its two-hundred day moving average price is $30.06. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. The business's revenue was up 1.5% on a year-over-year basis. On average, analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be paid a dividend of $0.3611 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio (DPR) is currently 59.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.00.

About Rogers Communications

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.

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