First Trust Advisors LP Has $87.91 Million Stock Position in Rogers Communications Inc. (NYSE:RCI)

First Trust Advisors LP raised its holdings in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 18.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,860,669 shares of the Wireless communications provider's stock after acquiring an additional 447,738 shares during the period. First Trust Advisors LP owned approximately 0.54% of Rogers Communications worth $87,909,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. FIL Ltd boosted its stake in Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia boosted its stake in Rogers Communications by 20.6% during the fourth quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider's stock valued at $237,784,000 after buying an additional 1,320,200 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after buying an additional 3,717,487 shares in the last quarter. Scotia Capital Inc. grew its holdings in Rogers Communications by 18.3% during the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock worth $113,217,000 after acquiring an additional 572,270 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in Rogers Communications by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,914,155 shares of the Wireless communications provider's stock worth $89,552,000 after acquiring an additional 17,666 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on RCI. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Finally, Barclays restated an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $67.00.

Rogers Communications Stock Down 0.4 %

Shares of NYSE RCI traded down $0.09 during mid-day trading on Friday, reaching $25.15. The company had a trading volume of 1,312,898 shares, compared to its average volume of 1,014,150. 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 has a market capitalization of $13.48 billion, a price-to-earnings ratio of 10.84, a PEG ratio of 1.43 and a beta of 0.67. The stock has a fifty day moving average of $26.68 and a two-hundred day moving average of $30.73. Rogers Communications Inc. has a 12-month low of $23.18 and a 12-month high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share (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. As a group, equities research analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th will be given a $0.3611 dividend. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a yield of 5.74%. The ex-dividend date is Monday, June 9th. Rogers Communications's dividend payout ratio is presently 59.48%.

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.