Public Employees Retirement System of Ohio Takes $1.40 Million Position in Rogers Communication, Inc. $RCI

Public Employees Retirement System of Ohio acquired a new stake in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 42,908 shares of the Wireless communications provider's stock, valued at approximately $1,395,000.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. boosted its position in Rogers Communication by 52.3% during the 2nd quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider's stock valued at $27,724,000 after acquiring an additional 321,124 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Rogers Communication by 52.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider's stock valued at $59,000 after acquiring an additional 683 shares during the period. Marshall Wace LLP raised its position in shares of Rogers Communication by 36.5% in the 2nd quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider's stock worth $1,103,000 after acquiring an additional 9,951 shares in the last quarter. Cerity Partners LLC raised its position in shares of Rogers Communication by 7.0% in the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider's stock worth $326,000 after acquiring an additional 724 shares in the last quarter. Finally, AXA S.A. lifted its stake in shares of Rogers Communication by 231.1% during the 2nd quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider's stock worth $1,481,000 after purchasing an additional 34,860 shares during the last quarter. Institutional investors own 45.49% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RCI shares. TD Securities reaffirmed a "buy" rating on shares of Rogers Communication in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Rogers Communication from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 14th. Wall Street Zen raised shares of Rogers Communication from a "sell" rating to a "hold" rating in a research report on Saturday, August 15th. Raymond James Financial assumed coverage on shares of Rogers Communication in a report on Wednesday, July 15th. They issued an "outperform" rating on the stock. Finally, Barclays cut their price objective on shares of Rogers Communication from $37.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Rogers Communication has a consensus rating of "Hold" and a consensus target price of $36.00.

Rogers Communication Trading Down 0.1%

NYSE RCI opened at $37.50 on Tuesday. The company has a fifty day simple moving average of $34.69 and a two-hundred day simple moving average of $36.28. The stock has a market cap of $20.26 billion, a P/E ratio of 4.53, a P/E/G ratio of 4.66 and a beta of 0.66. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. Rogers Communication, Inc. has a 12-month low of $31.38 and a 12-month high of $41.14.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.03. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The firm had revenue of $3.95 billion during the quarter, compared to analysts' expectations of $3.91 billion. During the same quarter last year, the company posted $1.14 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. On average, analysts forecast that Rogers Communication, Inc. will post 3.29 earnings per share for the current year.

Rogers Communication Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, September 8th. Rogers Communication's payout ratio is 17.51%.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.

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