Rogers Communication, Inc. $RCI Shares Acquired by Amundi

Amundi grew its position in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 7.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 625,767 shares of the Wireless communications provider's stock after purchasing an additional 42,976 shares during the quarter. Amundi owned about 0.12% of Rogers Communication worth $16,314,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. grew its holdings in Rogers Communication by 885.4% in the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 850 shares during the last quarter. Versant Capital Management Inc purchased a new position in Rogers Communication in the first quarter worth $79,000. CWM LLC grew its holdings in Rogers Communication by 57.4% in the first quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock worth $100,000 after purchasing an additional 1,363 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Rogers Communication by 48.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider's stock worth $113,000 after purchasing an additional 1,389 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Rogers Communication by 263.1% in the first quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after purchasing an additional 3,718 shares during the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication Stock Performance

NYSE:RCI traded down $0.20 during mid-day trading on Friday, hitting $35.78. The company's stock had a trading volume of 739,731 shares, compared to its average volume of 811,420. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $41.20. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.70 and a quick ratio of 1.64. The stock has a market cap of $19.25 billion, a price-to-earnings ratio of 17.80, a PEG ratio of 2.34 and a beta of 0.79. The business's fifty day moving average is $34.44 and its two-hundred day moving average is $29.45.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.80 by $0.02. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $5.12 billion. During the same period in the prior year, the company earned $1.16 earnings per share. The firm's revenue was up 2.4% on a year-over-year basis. Analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 8th will be issued a $0.3672 dividend. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a yield of 4.1%. Rogers Communication's dividend payout ratio is currently 71.64%.

Analyst Upgrades and Downgrades

RCI has been the topic of a number of research analyst reports. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Barclays boosted their price objective on shares of Rogers Communication from $31.00 to $33.00 and gave the company an "equal weight" rating in a report on Tuesday, August 12th. Finally, Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $59.00.

Rogers Communication 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.