Rogers Communication, Inc. (NYSE:RCI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 98.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,754 shares of the Wireless communications provider's stock after selling 383,369 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Rogers Communication were worth $207,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Rogers Communication by 30.1% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 317,971 shares of the Wireless communications provider's stock valued at $9,693,000 after purchasing an additional 73,618 shares during the last quarter. A&I Financial Services LLC acquired a new position in shares of Rogers Communication during the 4th quarter valued at about $363,000. Jones Financial Companies Lllp lifted its holdings in shares of Rogers Communication by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after acquiring an additional 1,052 shares during the period. Charles Schwab Investment Management Inc. increased its position in Rogers Communication by 57.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock worth $6,457,000 after purchasing an additional 76,373 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Rogers Communication in the 4th quarter valued at $608,000. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communication Stock Up 3.5%

RCI stock traded up $0.98 during trading on Tuesday, reaching $29.14. The stock had a trading volume of 2,178,382 shares, compared to its average volume of 1,027,833. The firm has a fifty day moving average price of $26.18 and a 200 day moving average price of $27.67. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97. The company has a market capitalization of $15.68 billion, a P/E ratio of 12.50, a PEG ratio of 1.53 and a beta of 0.73. Rogers Communication, Inc. has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share. On average, equities analysts anticipate that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Increases Dividend

The firm also recently announced 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. This is a positive change from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 4.96%. Rogers Communication's payout ratio is presently 62.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank cut Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Rogers Communication presently has a consensus rating of "Hold" and an average target price of $67.00.

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.