Fiera Capital Corp Has $1.34 Million Stock Holdings in Rogers Communication, Inc. (NYSE:RCI)

Fiera Capital Corp trimmed its position in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 29.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,172 shares of the Wireless communications provider's stock after selling 20,905 shares during the period. Fiera Capital Corp's holdings in Rogers Communication were worth $1,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Rogers Communication in the 4th quarter valued at $608,000. American Century Companies Inc. grew its position in Rogers Communication by 9.3% during the 4th quarter. American Century Companies Inc. now owns 78,308 shares of the Wireless communications provider's stock worth $2,407,000 after purchasing an additional 6,661 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in Rogers Communication by 19.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 182,728 shares of the Wireless communications provider's stock valued at $5,614,000 after purchasing an additional 30,015 shares in the last quarter. Wellington Management Group LLP raised its holdings in Rogers Communication by 95.6% during the fourth quarter. Wellington Management Group LLP now owns 43,424 shares of the Wireless communications provider's stock worth $1,334,000 after purchasing an additional 21,226 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Rogers Communication by 115.3% during the fourth quarter. Franklin Resources Inc. now owns 23,467 shares of the Wireless communications provider's stock worth $721,000 after acquiring an additional 12,567 shares during the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communication Stock Up 1.2%

Shares of RCI stock traded up $0.41 during trading hours on Monday, reaching $34.10. 223,911 shares of the company's stock were exchanged, compared to its average volume of 1,257,742. The stock has a market cap of $18.34 billion, a PE ratio of 16.95, a PEG ratio of 1.82 and a beta of 0.77. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $41.84. The stock's fifty day moving average price is $30.19 and its two-hundred day moving average price is $27.97. The company has a current ratio of 1.70, a quick ratio of 1.64 and a debt-to-equity ratio of 2.23.

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

Rogers Communication Increases Dividend

The company 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 $0.3672 dividend. The ex-dividend date of this dividend is Monday, September 8th. This represents a $1.47 dividend on an annualized basis and a yield of 4.3%. This is a positive change from Rogers Communication's previous quarterly dividend of $0.36. Rogers Communication's dividend payout ratio (DPR) is 72.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RCI shares. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $72.00.

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.