8,827 Shares in Rogers Communication, Inc. (NYSE:RCI) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in Rogers Communication by purchasing 8,827 shares, valued at approximately $236,000, during the first quarter.
• Several institutional investors, including Polar Asset Management and the Public Employees Retirement System of Ohio, have significantly increased their stakes in Rogers Communication during the last quarter.
• Rogers Communication has announced a quarterly dividend of $0.3672, raising its annual yield to 4.3%, with the dividend set to be paid on October 3rd.

ASR Vermogensbeheer N.V. bought a new position in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 8,827 shares of the Wireless communications provider's stock, valued at approximately $236,000.

A number of other hedge funds have also added to or reduced their stakes in RCI. Scotia Capital Inc. boosted its stake in shares of Rogers Communication by 10.0% during the first quarter. Scotia Capital Inc. now owns 4,068,135 shares of the Wireless communications provider's stock valued at $108,542,000 after purchasing an additional 370,490 shares in the last quarter. Bank of Nova Scotia boosted its stake in shares of Rogers Communication by 3.4% during the first quarter. Bank of Nova Scotia now owns 7,998,907 shares of the Wireless communications provider's stock valued at $213,641,000 after purchasing an additional 262,705 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Rogers Communication by 15.9% during the first quarter. PNC Financial Services Group Inc. now owns 16,447 shares of the Wireless communications provider's stock valued at $440,000 after purchasing an additional 2,253 shares in the last quarter. Alberta Investment Management Corp boosted its stake in shares of Rogers Communication by 19.9% during the first quarter. Alberta Investment Management Corp now owns 1,482,616 shares of the Wireless communications provider's stock valued at $39,588,000 after purchasing an additional 246,043 shares in the last quarter. Finally, Natixis Advisors LLC boosted its stake in shares of Rogers Communication by 71.9% during the first quarter. Natixis Advisors LLC now owns 28,112 shares of the Wireless communications provider's stock valued at $751,000 after purchasing an additional 11,762 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors.

Rogers Communication Stock Performance

Shares of NYSE RCI traded up $0.13 during midday trading on Friday, reaching $35.19. The company had a trading volume of 136,323 shares, compared to its average volume of 1,246,239. The business's 50-day simple moving average is $31.53 and its 200 day simple moving average is $28.33. The stock has a market cap of $18.93 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.88 and a beta of 0.77. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $41.84. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 2.23.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.02. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $5.12 billion. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company posted $1.16 earnings per share. On average, analysts forecast that Rogers Communication, Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communication Increases Dividend

The business 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. This is an increase from Rogers Communication's previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, September 8th. Rogers Communication's dividend payout ratio is 71.64%.

Analyst Ratings Changes

A number of research firms have recently issued reports on RCI. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Barclays increased their target price on shares of Rogers Communication from $31.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday. Finally, Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Rogers Communication presently has an average 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.