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

Mn Services Vermogensbeheer B.V. cut its holdings in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 9.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of RCI. V Square Quantitative Management LLC grew its position 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 period. Lorne Steinberg Wealth Management Inc. boosted its position in Rogers Communication by 10.8% during the 4th quarter. Lorne Steinberg Wealth Management Inc. now owns 101,011 shares of the Wireless communications provider's stock worth $3,102,000 after acquiring an additional 9,876 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co boosted its position in Rogers Communication by 30.1% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 317,971 shares of the Wireless communications provider's stock worth $9,693,000 after acquiring an additional 73,618 shares during the last quarter. A&I Financial Services LLC acquired a new position in Rogers Communication during the 4th quarter worth approximately $363,000. Finally, Jones Financial Companies Lllp boosted its position 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 last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communication Stock Up 0.7%

Shares of Rogers Communication stock traded up $0.19 on Thursday, reaching $27.60. 1,092,001 shares of the company were exchanged, compared to its average volume of 1,017,160. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.84. The company has a market capitalization of $14.79 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 1.52 and a beta of 0.73. The company has a current ratio of 1.00, a quick ratio of 0.94 and a debt-to-equity ratio of 3.97. The company has a 50-day moving average of $25.97 and a 200 day moving average of $27.95.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data 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 return on equity of 25.28% and a net margin of 8.53%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the company earned $0.99 EPS. The company's revenue for the quarter was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Increases Dividend

The firm also recently declared 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. This represents a $1.44 dividend on an annualized basis and a yield of 5.23%. The ex-dividend date is Monday, June 9th. This is a boost from Rogers Communication's previous quarterly dividend of $0.35. Rogers Communication's dividend payout ratio is 62.66%.

Analysts Set New Price Targets

RCI has been the subject of a number of recent research reports. Canaccord Genuity Group raised Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Scotiabank downgraded Rogers Communication from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. 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. Based on data from MarketBeat.com, Rogers Communication has a consensus rating of "Hold" and an average target price 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.