Mn Services Vermogensbeheer B.V. Sells 13,300 Shares of Rogers Communication, Inc. (NYSE:RCI)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 9.5% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,060 shares of the Wireless communications provider's stock after selling 13,300 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Rogers Communication were worth $3,366,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in RCI. PNC Financial Services Group Inc. increased its holdings in shares of Rogers Communication by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider's stock valued at $436,000 after acquiring an additional 571 shares during the last quarter. State of Tennessee Department of Treasury grew its stake in shares of Rogers Communication by 0.3% in the 4th 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 purchasing an additional 720 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Rogers Communication by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 744 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Rogers Communication by 19.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock valued at $178,000 after purchasing an additional 930 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Rogers Communication by 141.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after buying an additional 1,052 shares in the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Communication Price Performance

NYSE RCI traded up $0.20 on Friday, reaching $27.78. 1,680,728 shares of the stock traded hands, compared to its average volume of 1,022,448. The firm's fifty day simple moving average is $26.12 and its 200 day simple moving average is $27.78. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. The company has a market cap of $14.89 billion, a price-to-earnings ratio of 11.92, a P/E/G ratio of 1.53 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.

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

Rogers Communication Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 5.20%. Rogers Communication's payout ratio is presently 62.66%.

Analysts Set New Price Targets

Several brokerages recently issued reports on RCI. Scotiabank cut Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Canaccord Genuity Group upgraded Rogers Communication from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Rogers Communication currently has a consensus rating of "Hold" and a consensus 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.