Rogers Communication, Inc. (NYSE:RCI) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp raised its stake in shares of Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 64.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 532,722 shares of the Wireless communications provider's stock after buying an additional 209,089 shares during the period. Bank of New York Mellon Corp owned approximately 0.10% of Rogers Communication worth $14,240,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RCI. Versant Capital Management Inc acquired a new stake in shares of Rogers Communication during the first quarter worth approximately $79,000. Headlands Technologies LLC increased its position in Rogers Communication by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after acquiring an additional 3,888 shares during the period. Prudential PLC increased its holdings in Rogers Communication by 21.6% in the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock valued at $268,000 after buying an additional 1,552 shares during the period. Oppenheimer & Co. Inc. bought a new stake in Rogers Communication in the 1st quarter valued at $273,000. Finally, Advisory Services Network LLC bought a new stake in Rogers Communication in the 4th quarter valued at $275,000. Institutional investors and hedge funds own 45.49% of the company's stock.

Analyst Ratings Changes

RCI has been the topic of a number of research analyst reports. Scotiabank reissued a "sector perform" rating on shares of Rogers Communication in a report on Tuesday. BMO Capital Markets reiterated an "outperform" rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Finally, Canaccord Genuity Group upgraded shares of Rogers Communication from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $67.00.

Rogers Communication Stock Down 0.5%

RCI opened at $32.93 on Friday. 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 3.97, a quick ratio of 0.94 and a current ratio of 1.00. The company has a market capitalization of $17.72 billion, a P/E ratio of 14.13, a P/E/G ratio of 1.80 and a beta of 0.76. The stock has a fifty day moving average of $28.54 and a 200-day moving average of $27.70.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. Rogers Communication had a net margin of 8.53% and a return on equity of 25.28%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $0.99 EPS. On average, equities analysts expect that Rogers Communication, Inc. will post 3.57 EPS for the current year.

Rogers Communication Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th were paid a dividend of $0.3611 per share. This is an increase from Rogers Communication's previous quarterly dividend of $0.35. The ex-dividend date was Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 4.39%. Rogers Communication's payout ratio is presently 62.66%.

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.

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