Natixis Advisors LLC Has $751,000 Position in Rogers Communication, Inc. (NYSE:RCI)

Natixis Advisors LLC lifted its stake in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 71.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,112 shares of the Wireless communications provider's stock after buying an additional 11,762 shares during the period. Natixis Advisors LLC's holdings in Rogers Communication were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in RCI. SBI Securities Co. Ltd. lifted its stake in Rogers Communication by 885.4% during the first quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock worth $25,000 after purchasing an additional 850 shares during the period. Versant Capital Management Inc bought a new position in Rogers Communication during the first quarter worth about $79,000. CWM LLC lifted its stake in Rogers Communication by 57.4% during the first quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock worth $100,000 after purchasing an additional 1,363 shares during the period. TD Private Client Wealth LLC lifted its stake in Rogers Communication by 263.1% during the first quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider's stock worth $137,000 after purchasing an additional 3,718 shares during the period. Finally, Cetera Investment Advisers bought a new position in Rogers Communication during the first quarter worth about $244,000. Institutional investors own 45.49% of the company's stock.

Rogers Communication Price Performance

Shares of NYSE:RCI traded up $0.07 during trading on Friday, reaching $35.13. The stock had a trading volume of 90,137 shares, compared to its average volume of 1,246,080. Rogers Communication, Inc. has a 52 week low of $23.18 and a 52 week high of $41.84. The business's 50-day moving average price is $31.53 and its 200 day moving average price is $28.33. 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 stock has a market capitalization of $18.90 billion, a PE ratio of 17.48, a P/E/G ratio of 1.88 and a beta of 0.77.

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

Rogers Communication Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Monday, September 8th will be paid a $0.3672 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Rogers Communication's previous quarterly dividend of $0.36. The ex-dividend date is Monday, September 8th. Rogers Communication's dividend payout ratio is presently 71.64%.

Wall Street Analyst Weigh In

RCI has been the subject of a number of analyst reports. Barclays raised their price target on shares of Rogers Communication from $31.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Scotiabank restated a "sector perform" rating on shares of Rogers Communication in a research note on Tuesday, July 15th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. One equities 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 stock. Based on data from MarketBeat, Rogers Communication presently has an average rating of "Hold" and an average price target of $59.00.

About Rogers Communication

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.