Rogers Communication, Inc. (NYSE:RCI) Shares Purchased by A&I Financial Services LLC

A&I Financial Services LLC increased its stake in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 66.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,637 shares of the Wireless communications provider's stock after purchasing an additional 7,810 shares during the quarter. A&I Financial Services LLC's holdings in Rogers Communication were worth $525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership lifted its stake in shares of Rogers Communication by 123.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after buying an additional 3,717,487 shares in the last quarter. FIL Ltd lifted its stake in shares of Rogers Communication by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after buying an additional 2,244,240 shares in the last quarter. Value Partners Investments Inc. lifted its stake in shares of Rogers Communication by 1,252.8% during the 1st quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider's stock valued at $61,808,000 after buying an additional 2,141,227 shares in the last quarter. Bank of Nova Scotia lifted its stake in shares of Rogers Communication by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after buying an additional 1,320,200 shares in the last quarter. Finally, Intact Investment Management Inc. lifted its stake in shares of Rogers Communication by 55.7% during the 1st quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider's stock valued at $77,827,000 after buying an additional 1,042,690 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communication Stock Down 0.5%

NYSE:RCI traded down $0.18 during midday trading on Monday, reaching $33.29. 1,338,030 shares of the stock traded hands, compared to its average volume of 1,095,167. Rogers Communication, Inc. has a 12-month low of $23.18 and a 12-month high of $41.84. The business has a 50-day moving average of $27.76 and a two-hundred day moving average of $27.58. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.94 and a current ratio of 1.00. The stock has a market capitalization of $17.91 billion, a PE ratio of 14.29, a price-to-earnings-growth ratio of 1.86 and a beta of 0.76.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted 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 Communication had a net margin of 8.53% and a return on equity of 25.28%. The firm had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $4.96 billion. During the same period in the previous year, the company earned $0.99 EPS. The company's revenue was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Rogers Communication, Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communication Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Investors of record on Monday, June 9th were given a dividend of $0.3611 per share. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.34%. Rogers Communication's dividend payout ratio is presently 62.23%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Canaccord Genuity Group upgraded shares of Rogers Communication from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Scotiabank downgraded shares of Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $67.00.

About Rogers Communication

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.