Deutsche Bank AG Has $16.99 Million Stake in Rogers Communications Inc. (NYSE:RCI)

Deutsche Bank AG raised its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 3.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 552,776 shares of the Wireless communications provider's stock after purchasing an additional 19,860 shares during the period. Deutsche Bank AG owned 0.10% of Rogers Communications worth $16,987,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. FIL Ltd raised its position 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 purchasing an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia raised its position 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 purchasing an additional 1,320,200 shares during the last quarter. Arrowstreet Capital Limited Partnership raised 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 during the last quarter. Scotia Capital Inc. raised its position in shares of Rogers Communications by 18.3% in the 4th quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock worth $113,217,000 after acquiring an additional 572,270 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in shares of Rogers Communications by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,914,155 shares of the Wireless communications provider's stock worth $89,552,000 after acquiring an additional 17,666 shares in the last quarter. 45.49% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RCI has been the subject of several research analyst reports. Scotiabank lowered Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Finally, Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $67.00.

Rogers Communications Stock Down 0.1%

Rogers Communications stock traded down $0.03 during midday trading on Monday, reaching $25.53. The stock had a trading volume of 202,232 shares, compared to its average volume of 1,015,153. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a market capitalization of $13.69 billion, a P/E ratio of 11.00, a PEG ratio of 1.43 and a beta of 0.73. The company has a fifty day moving average price of $25.92 and a two-hundred day moving average price of $29.32. 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 (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the previous year, the firm earned $0.99 earnings per share. The business's quarterly revenue was up 1.5% on a year-over-year basis. As a group, equities analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be paid a dividend of $0.3611 per share. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 5.66%. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's payout ratio is 59.66%.

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.