UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 53,208 Shares of Rogers Communications Inc. (NYSE:RCI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 7.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 749,464 shares of the Wireless communications provider's stock after buying an additional 53,208 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of Rogers Communications worth $23,031,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in RCI. Lindbrook Capital LLC boosted its stake in shares of Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 744 shares during the period. Jones Financial Companies Lllp lifted its stake in Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock worth $55,000 after purchasing an additional 1,052 shares during the last quarter. Headlands Technologies LLC lifted its stake in Rogers Communications 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 purchasing an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after purchasing an additional 930 shares during the last quarter. Finally, Prudential PLC lifted its stake in Rogers Communications by 21.6% during the fourth quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock worth $268,000 after purchasing an additional 1,552 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors.

Rogers Communications Price Performance

Shares of RCI traded up $0.29 during trading hours on Friday, reaching $26.86. The stock had a trading volume of 1,262,869 shares, compared to its average volume of 1,015,153. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The stock has a market capitalization of $14.40 billion, a PE ratio of 11.58, a PEG ratio of 1.43 and a beta of 0.73. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The company's 50-day moving average is $25.58 and its two-hundred day moving average is $28.61.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share 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 Communications had a net margin of 8.40% and a return on equity of 25.19%. The business's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.99 earnings per share. Research analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's dividend payout ratio (DPR) is presently 59.66%.

Analysts Set New Price Targets

Several research firms have weighed in on RCI. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Scotiabank cut Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $67.00.

About Rogers Communications

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.