Rogers Communications Inc. (NYSE:RCI) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 198.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,431 shares of the Wireless communications provider's stock after purchasing an additional 12,253 shares during the quarter. Tidal Investments LLC's holdings in Rogers Communications were worth $566,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RCI. Lindbrook Capital LLC grew its stake in Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after purchasing an additional 744 shares during the last quarter. Jones Financial Companies Lllp grew its stake in Rogers Communications by 141.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 1,052 shares during the last quarter. Headlands Technologies LLC grew its stake in Rogers Communications by 274.2% during the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after purchasing an additional 3,888 shares during the last quarter. V Square Quantitative Management LLC grew its stake in Rogers Communications by 19.1% during 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 last quarter. Finally, Prudential PLC grew its stake in Rogers Communications by 21.6% during the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock valued at $268,000 after purchasing an additional 1,552 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company's stock.

Wall Street Analysts Forecast Growth

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 downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.00.

Rogers Communications Stock Performance

Shares of RCI traded up $0.00 during mid-day trading on Monday, reaching $26.84. The company had a trading volume of 1,243,670 shares, compared to its average volume of 1,016,061. Rogers Communications Inc. has a 52-week low of $23.18 and a 52-week high of $41.84. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $14.39 billion, a P/E ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.73. The stock has a 50 day moving average of $25.56 and a two-hundred day moving average of $28.55.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its 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). Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The company had revenue of $3.46 billion during the quarter, compared to analysts' expectations of $4.96 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The firm's quarterly revenue was up 1.5% compared to the same quarter last year. On average, analysts expect that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications 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 issued a $0.3611 dividend. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. The ex-dividend date is Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a yield of 5.38%. Rogers Communications's dividend payout ratio is presently 59.66%.

Rogers Communications Company 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.