Bard Financial Services Inc. Acquires Shares of 47,250 Rogers Communications Inc. (NYSE:RCI)

Bard Financial Services Inc. bought a new position in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 47,250 shares of the Wireless communications provider's stock, valued at approximately $1,263,000.

Several other hedge funds also recently bought and sold shares of the company. Lindbrook Capital LLC boosted its stake in Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 744 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Rogers Communications by 141.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 1,052 shares during the period. Versant Capital Management Inc bought a new position in shares of Rogers Communications in the 1st quarter worth $79,000. Headlands Technologies LLC grew its stake in Rogers Communications by 274.2% in the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after acquiring an additional 3,888 shares during the period. Finally, V Square Quantitative Management LLC grew its stake in Rogers Communications by 19.1% in the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock valued at $178,000 after acquiring an additional 930 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Trading Down 0.1%

NYSE RCI traded down $0.02 during trading hours on Friday, hitting $27.64. 943,055 shares of the company's stock were exchanged, compared to its average volume of 1,013,174. The stock has a 50-day simple moving average of $25.76 and a 200 day simple moving average of $28.06. Rogers Communications Inc. has a 1-year low of $23.18 and a 1-year high of $41.84. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 11.91, a PEG ratio of 1.43 and a beta of 0.73. 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 released its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the prior year, the business earned $0.99 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities analysts forecast that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be paid a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Monday, June 9th. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio (DPR) is 62.23%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. 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 issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $67.00.

Rogers Communications 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.