Wellington Management Group LLP Has $740,000 Stock Holdings in Rogers Communication, Inc. $RCI

Wellington Management Group LLP reduced its holdings in Rogers Communication, Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 36.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,709 shares of the Wireless communications provider's stock after selling 15,715 shares during the quarter. Wellington Management Group LLP's holdings in Rogers Communication were worth $740,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. lifted its holdings in Rogers Communication by 885.4% during the 1st quarter. SBI Securities Co. Ltd. now owns 946 shares of the Wireless communications provider's stock worth $25,000 after buying an additional 850 shares in the last quarter. JTC Employer Solutions Trustee Ltd lifted its holdings in Rogers Communication by 1.2% during the 1st quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider's stock worth $2,755,000 after buying an additional 1,180 shares in the last quarter. CWM LLC lifted its holdings in Rogers Communication by 57.4% during the 1st quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider's stock worth $100,000 after buying an additional 1,363 shares in the last quarter. M&T Bank Corp lifted its holdings in Rogers Communication by 10.3% during the 1st quarter. M&T Bank Corp now owns 19,739 shares of the Wireless communications provider's stock worth $527,000 after buying an additional 1,846 shares in the last quarter. Finally, Louisbourg Investments Inc. lifted its holdings in Rogers Communication by 0.8% during the 1st quarter. Louisbourg Investments Inc. now owns 248,503 shares of the Wireless communications provider's stock worth $6,643,000 after buying an additional 2,033 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Wall Street Analyst Weigh In

RCI has been the topic of several research reports. Scotiabank reaffirmed a "sector perform" rating on shares of Rogers Communication in a report on Tuesday, July 15th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Finally, Barclays upped their price objective on Rogers Communication from $31.00 to $33.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Rogers Communication currently has an average rating of "Hold" and a consensus price target of $59.00.

Rogers Communication Trading Up 0.7%

Shares of RCI stock traded up $0.25 during trading hours on Friday, reaching $35.84. The company had a trading volume of 1,225,759 shares, compared to its average volume of 801,740. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.70 and a quick ratio of 1.64. Rogers Communication, Inc. has a 1-year low of $23.18 and a 1-year high of $41.84. The company has a 50 day moving average of $33.99 and a 200 day moving average of $29.19. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of 17.83, a P/E/G ratio of 2.34 and a beta of 0.79.

Rogers Communication (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings data on Wednesday, July 23rd. The Wireless communications provider reported $0.82 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.02. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The business had revenue of $3.82 billion during the quarter, compared to analysts' expectations of $5.12 billion. During the same quarter in the prior year, the company earned $1.16 EPS. The firm's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current year.

Rogers Communication Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Monday, September 8th will be given a $0.3672 dividend. The ex-dividend date is Monday, September 8th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Rogers Communication's previous quarterly dividend of $0.36. Rogers Communication's dividend payout ratio is currently 72.64%.

Rogers Communication 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.