111,300 Shares in Rogers Communications Inc. (NYSE:RCI) Bought by APG Asset Management N.V.

APG Asset Management N.V. acquired a new position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 111,300 shares of the Wireless communications provider's stock, valued at approximately $3,303,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Rogers Communications by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock worth $206,565,000 after purchasing an additional 3,717,487 shares in the last quarter. FIL Ltd raised its stake in shares of Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia lifted its holdings in Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock worth $237,784,000 after buying an additional 1,320,200 shares during the period. Hillsdale Investment Management Inc. raised its holdings in Rogers Communications by 5,526.8% during the 4th quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider's stock worth $18,177,000 after purchasing an additional 581,424 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Rogers Communications by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 2,149,482 shares of the Wireless communications provider's stock worth $67,040,000 after buying an additional 515,501 shares during the last quarter. Institutional investors own 45.49% of the company's stock.

Rogers Communications Stock Up 2.9 %

Shares of NYSE RCI traded up $0.74 during mid-day trading on Thursday, reaching $25.83. 418,846 shares of the company's stock traded hands, compared to its average volume of 1,013,202. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The business has a 50-day simple moving average of $27.00 and a 200 day simple moving average of $31.39. The stock has a market cap of $13.84 billion, a P/E ratio of 11.13, a PEG ratio of 1.43 and a beta of 0.67. Rogers Communications Inc. has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. On average, analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were given a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's payout ratio is currently 59.48%.

Wall Street Analysts Forecast Growth

RCI has been the topic of several research analyst reports. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group upgraded shares of Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. 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's stock. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of "Hold" and a consensus price target of $67.00.

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 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.