Fiera Capital Corp Sells 20,905 Shares of Rogers Communication, Inc. (NYSE:RCI)

Fiera Capital Corp cut its stake in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 29.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,172 shares of the Wireless communications provider's stock after selling 20,905 shares during the quarter. Fiera Capital Corp's holdings in Rogers Communication were worth $1,341,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RCI. FIL Ltd increased its position in shares of Rogers Communication by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Value Partners Investments Inc. grew its holdings in Rogers Communication by 1,252.8% during the first quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider's stock valued at $61,808,000 after purchasing an additional 2,141,227 shares during the period. Bank of Nova Scotia grew its holdings in Rogers Communication by 20.6% during the fourth quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after purchasing an additional 1,320,200 shares during the period. Intact Investment Management Inc. grew its holdings in Rogers Communication by 55.7% during the first quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider's stock valued at $77,827,000 after purchasing an additional 1,042,690 shares during the period. Finally, Letko Brosseau & Associates Inc. grew its holdings in Rogers Communication by 23.5% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider's stock valued at $160,094,000 after purchasing an additional 992,780 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. Finally, Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, Rogers Communication presently has an average rating of "Hold" and a consensus target price of $72.00.

Rogers Communication Stock Performance

Shares of Rogers Communication stock traded up $0.30 during trading hours on Friday, reaching $33.70. The company had a trading volume of 1,211,417 shares, compared to its average volume of 1,580,831. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.84. The business has a fifty day simple moving average of $30.19 and a 200 day simple moving average of $27.98. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.70 and a quick ratio of 1.64. The firm has a market cap of $18.13 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.81 and a beta of 0.77.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.02. The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $5.12 billion. Rogers Communication had a return on equity of 21.59% and a net margin of 7.33%. The business's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.16 earnings per share. On average, analysts anticipate that Rogers Communication, Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communication Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be paid a dividend of $0.3672 per share. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. This represents a $1.47 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Monday, September 8th. Rogers Communication's dividend payout ratio is 73.13%.

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.