Rogers Communications Inc. (NYSE:RCI) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC lifted its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 210.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,718 shares of the Wireless communications provider's stock after acquiring an additional 20,833 shares during the period. Gotham Asset Management LLC's holdings in Rogers Communications were worth $944,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Crossmark Global Holdings Inc. raised its holdings in Rogers Communications by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock valued at $725,000 after buying an additional 379 shares during the period. PNC Financial Services Group Inc. raised its holdings in Rogers Communications by 4.2% in 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 buying an additional 571 shares during the period. Waldron Private Wealth LLC raised its holdings in Rogers Communications by 3.1% in the fourth quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock valued at $682,000 after buying an additional 660 shares during the period. State of Tennessee Department of Treasury raised its holdings in Rogers Communications 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 buying an additional 720 shares during the period. Finally, Lindbrook Capital LLC raised its holdings in Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 744 shares during the period. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

RCI has been the subject of several recent research reports. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Finally, Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Stock Up 0.0%

Shares of RCI stock traded up $0.01 during mid-day trading on Wednesday, reaching $25.90. 1,255,659 shares of the company were exchanged, compared to its average volume of 1,016,945. Rogers Communications Inc. has a fifty-two week low of $23.18 and a fifty-two week high of $41.84. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The company has a market capitalization of $13.88 billion, a P/E ratio of 11.16, a P/E/G ratio of 1.43 and a beta of 0.73. The business's 50 day simple moving average is $25.83 and its 200 day simple moving average is $29.22.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly 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). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The company had revenue of $3.46 billion for the quarter, compared to analyst estimates of $4.96 billion. During the same period in the previous year, the business posted $0.99 EPS. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. Research analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be issued a $0.3611 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's payout ratio is currently 59.66%.

About Rogers Communications

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.