DekaBank Deutsche Girozentrale Has $12.74 Million Holdings in Rogers Communication, Inc. $RCI

DekaBank Deutsche Girozentrale lessened its position in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 3.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 441,081 shares of the Wireless communications provider's stock after selling 14,606 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.08% of Rogers Communication worth $12,737,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its position in Rogers Communication by 885.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock valued at $25,000 after purchasing an additional 850 shares during the period. Parallel Advisors LLC grew its position in shares of Rogers Communication by 176.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,891 shares of the Wireless communications provider's stock worth $86,000 after buying an additional 1,847 shares during the period. CWM LLC grew its position in shares of Rogers Communication by 57.4% during the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock worth $100,000 after buying an additional 1,363 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Rogers Communication by 48.9% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 4,231 shares of the Wireless communications provider's stock worth $113,000 after buying an additional 1,389 shares during the period. Finally, TD Private Client Wealth LLC grew its position in shares of Rogers Communication by 263.1% during the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after buying an additional 3,718 shares during the period. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communication Price Performance

Shares of RCI opened at $38.58 on Friday. Rogers Communication, Inc. has a 12-month low of $23.18 and a 12-month high of $39.32. The business's fifty day moving average is $35.80 and its 200 day moving average is $31.14. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. The stock has a market cap of $20.84 billion, a P/E ratio of 19.19, a P/E/G ratio of 3.00 and a beta of 0.78.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its 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. Rogers Communication had a return on equity of 21.59% and a net margin of 7.33%.The company had revenue of $3.82 billion for the quarter, compared to analysts' expectations of $5.12 billion. During the same period last year, the business earned $1.16 EPS. Rogers Communication's quarterly revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Rogers Communication, Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communication Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 8th will be issued a $0.50 dividend. The ex-dividend date is Monday, December 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.2%. This is an increase from Rogers Communication's previous quarterly dividend of $0.37. Rogers Communication's dividend payout ratio (DPR) is 72.64%.

Analyst Ratings Changes

RCI has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Rogers Communication in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Rogers Communication from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, August 12th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Finally, Scotiabank reaffirmed a "sector perform" rating on shares of Rogers Communication in a research report on Monday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $33.00.

About Rogers Communication

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.

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