Gold Investment Management Ltd. Has $802,000 Stock Position in Rogers Communication, Inc. (NYSE:RCI)

Gold Investment Management Ltd. boosted its holdings in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 58.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 30,002 shares of the Wireless communications provider's stock after acquiring an additional 11,092 shares during the period. Gold Investment Management Ltd.'s holdings in Rogers Communication were worth $802,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of RCI. A&I Financial Services LLC acquired a new stake in Rogers Communication during the 4th quarter worth $363,000. Jones Financial Companies Lllp grew its holdings in Rogers Communication by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after acquiring an additional 1,052 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Rogers Communication by 57.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock worth $6,457,000 after acquiring an additional 76,373 shares during the period. Raymond James Financial Inc. acquired a new stake in Rogers Communication during the 4th quarter worth $608,000. Finally, Lindbrook Capital LLC grew its holdings in Rogers Communication by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after acquiring an additional 744 shares during the period. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communication Trading Down 0.7%

Shares of NYSE RCI traded down $0.21 during midday trading on Friday, reaching $29.13. 1,528,457 shares of the stock were exchanged, compared to its average volume of 1,042,488. The business has a 50-day simple moving average of $26.48 and a two-hundred day simple moving average of $27.57. The company has a market capitalization of $15.67 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.60 and a beta of 0.73. Rogers Communication, Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. Rogers Communication's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, equities research analysts expect that Rogers Communication, Inc. will post 3.57 EPS for the current year.

Rogers Communication Increases Dividend

The business also recently announced 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 a positive change from Rogers Communication's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 4.96%. Rogers Communication's dividend payout ratio is presently 62.66%.

Analyst Upgrades and Downgrades

RCI has been the subject of a number of analyst reports. Canaccord Genuity Group raised shares of Rogers Communication from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Scotiabank cut shares of Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $67.00.

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.