Burgundy Asset Management Ltd. Has $77.75 Million Holdings in Rogers Communications Inc. (NYSE:RCI)

Burgundy Asset Management Ltd. decreased its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,531,604 shares of the Wireless communications provider's stock after selling 17,228 shares during the quarter. Burgundy Asset Management Ltd. owned about 0.47% of Rogers Communications worth $77,749,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. APG Asset Management N.V. acquired a new position in Rogers Communications during the fourth quarter worth $3,303,000. FIL Ltd increased its stake in shares of Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after purchasing an additional 2,244,240 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of Rogers Communications by 180.9% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock valued at $10,560,000 after purchasing an additional 221,628 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Rogers Communications by 57.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock valued at $6,457,000 after purchasing an additional 76,373 shares during the last quarter. Finally, Louisbourg Investments Inc. grew its holdings in Rogers Communications by 18.9% during the fourth quarter. Louisbourg Investments Inc. now owns 246,470 shares of the Wireless communications provider's stock worth $7,573,000 after purchasing an additional 39,156 shares during the period. Institutional investors own 45.49% of the company's stock.

Rogers Communications Stock Performance

Shares of NYSE:RCI traded up $0.05 during trading on Monday, reaching $26.09. 738,732 shares of the stock were exchanged, compared to its average volume of 1,012,920. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The stock has a 50-day moving average price of $25.69 and a 200-day moving average price of $28.94. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The firm has a market cap of $13.99 billion, a PE ratio of 11.25, a PEG ratio of 1.43 and a beta of 0.73.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The firm had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter last year, the firm earned $0.99 earnings per share. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be paid a $0.3611 dividend. The ex-dividend date is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 5.54%. Rogers Communications's dividend payout ratio is 59.66%.

Analyst Ratings Changes

Several research firms have issued reports on RCI. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank lowered Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communications Company 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.