Rogers Communication, Inc. (NYSE:RCI) Stock Holdings Raised by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its holdings in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 455,687 shares of the Wireless communications provider's stock after buying an additional 14,606 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.09% of Rogers Communication worth $12,306,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Rogers Communication by 4.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock valued at $436,000 after purchasing an additional 571 shares during the period. State of Tennessee Department of Treasury raised its holdings in shares of Rogers Communication by 0.3% in the fourth quarter. State of Tennessee Department of Treasury now owns 218,308 shares of the Wireless communications provider's stock valued at $6,708,000 after acquiring an additional 720 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Rogers Communication by 141.4% during the fourth 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. JTC Employer Solutions Trustee Ltd raised its position in shares of Rogers Communication by 1.2% in the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider's stock worth $2,755,000 after acquiring an additional 1,180 shares in the last quarter. Finally, Prudential PLC raised its stake in shares of Rogers Communication by 21.6% during the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock worth $268,000 after acquiring an additional 1,552 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RCI has been the subject of a number of research analyst reports. Scotiabank lowered Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Finally, Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $67.00.

Rogers Communication Stock Performance

NYSE:RCI traded down $0.18 during trading hours on Monday, reaching $33.29. 1,153,099 shares of the company's stock were exchanged, compared to its average volume of 1,094,427. Rogers Communication, Inc. has a 1-year low of $23.18 and a 1-year high of $41.84. The company has a 50-day moving average of $27.76 and a 200 day moving average of $27.58. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $17.91 billion, a price-to-earnings ratio of 14.29, a P/E/G ratio of 1.86 and a beta of 0.76.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last released its 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 Communication had a return on equity of 25.28% and a net margin of 8.53%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. The business's revenue for the quarter was up 1.5% on a year-over-year basis. Research analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current year.

Rogers Communication Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th were given a dividend of $0.3611 per share. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 4.34%. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. Rogers Communication's payout ratio is presently 62.23%.

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.