Vest Financial LLC Has $1.21 Million Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Vest Financial LLC increased its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 83.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,097 shares of the Wireless communications provider's stock after buying an additional 20,474 shares during the period. Vest Financial LLC's holdings in Rogers Communications were worth $1,205,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JTC Employer Solutions Trustee Ltd increased its position in Rogers Communications by 1.2% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider's stock valued at $2,755,000 after buying an additional 1,180 shares in the last quarter. Investors Research Corp lifted its holdings in Rogers Communications by 24.9% in the first quarter. Investors Research Corp now owns 14,925 shares of the Wireless communications provider's stock valued at $399,000 after acquiring an additional 2,980 shares during the period. Versant Capital Management Inc acquired a new stake in Rogers Communications during the first quarter valued at $79,000. Wellington Management Group LLP increased its stake in shares of Rogers Communications by 95.6% in the 4th quarter. Wellington Management Group LLP now owns 43,424 shares of the Wireless communications provider's stock valued at $1,334,000 after purchasing an additional 21,226 shares in the last quarter. Finally, Polar Asset Management Partners Inc. increased its position in shares of Rogers Communications by 239.5% in the fourth quarter. Polar Asset Management Partners Inc. now owns 42,500 shares of the Wireless communications provider's stock valued at $1,306,000 after buying an additional 29,982 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on RCI. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a report on Tuesday, April 1st. Canaccord Genuity Group raised Rogers Communications 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, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.00.

Rogers Communications Trading Down 0.7%

Shares of NYSE RCI traded down $0.19 during mid-day trading on Wednesday, hitting $27.07. 368,529 shares of the company traded hands, compared to its average volume of 1,009,656. The business has a 50 day moving average of $25.61 and a two-hundred day moving average of $28.23. Rogers Communications Inc. has a 1 year low of $23.18 and a 1 year 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 $14.51 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.43 and a beta of 0.73.

Rogers Communications (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 the consensus estimate of $0.71 by ($0.02). The company had revenue of $3.46 billion for the quarter, compared to analysts' expectations of $4.96 billion. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The company's revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 earnings per share. On average, sell-side analysts anticipate that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently announced 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 represents a $1.44 annualized dividend and a yield of 5.33%. The ex-dividend date is Monday, June 9th. This is an increase from Rogers Communications's previous quarterly dividend of $0.35. Rogers Communications's dividend payout ratio (DPR) is 62.23%.

Rogers Communications 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.