Lincluden Management Ltd. Buys 13,944 Shares of Rogers Communication, Inc. (NYSE:RCI)

Lincluden Management Ltd. raised its position in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 21.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,507 shares of the Wireless communications provider's stock after acquiring an additional 13,944 shares during the period. Lincluden Management Ltd.'s holdings in Rogers Communication were worth $2,123,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. APG Asset Management N.V. acquired a new position in shares of Rogers Communication in the 4th quarter worth approximately $3,303,000. FIL Ltd increased its holdings in Rogers Communication by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Polar Asset Management Partners Inc. increased its holdings in Rogers Communication by 239.5% during the 4th quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock valued at $1,306,000 after purchasing an additional 29,982 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Rogers Communication by 280.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 241,730 shares of the Wireless communications provider's stock worth $7,428,000 after acquiring an additional 178,145 shares during the last quarter. Finally, Mufg Securities Canada LTD. grew its holdings in Rogers Communication by 71.3% during the 4th quarter. Mufg Securities Canada LTD. now owns 576,975 shares of the Wireless communications provider's stock worth $17,726,000 after acquiring an additional 240,170 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Rogers Communication Stock Performance

NYSE RCI traded down $0.26 during trading on Monday, reaching $34.07. 239,757 shares of the company's stock were exchanged, compared to its average volume of 1,258,190. The stock has a market capitalization of $18.33 billion, a P/E ratio of 16.96, a PEG ratio of 1.85 and a beta of 0.76. Rogers Communication, 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 2.23, a current ratio of 1.70 and a quick ratio of 1.64. The business has a 50 day moving average price of $29.42 and a 200-day moving average price of $27.80.

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

Rogers Communication Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be given 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 4.31%. The ex-dividend date is Monday, September 8th. Rogers Communication's dividend payout ratio (DPR) is currently 72.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. BMO Capital Markets reissued an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Canaccord Genuity Group upgraded Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. One research 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's stock. Based on data from MarketBeat.com, Rogers Communication has a consensus rating of "Hold" and a consensus target price of $72.00.

Rogers Communication Company 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.