Natixis Has $1.41 Million Position in Rogers Communications Inc. (NYSE:RCI)

Natixis raised its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 17,449.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 45,803 shares of the Wireless communications provider's stock after buying an additional 45,542 shares during the quarter. Natixis' holdings in Rogers Communications were worth $1,408,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of RCI. FIL Ltd boosted its stake in shares of Rogers Communications by 7.2% during the fourth quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares during the last quarter. Bank of Nova Scotia raised its position in shares of Rogers Communications by 20.6% in 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 during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of 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 during the period. Scotia Capital Inc. boosted its position 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 last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in Rogers Communications by 0.6% in the 4th 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 during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Stock Performance

Shares of RCI traded up $0.25 during mid-day trading on Monday, reaching $25.41. 187,103 shares of the company's stock traded hands, compared to its average volume of 1,009,944. The stock has a market capitalization of $13.62 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The business's 50-day moving average price is $26.68 and its 200-day moving average price is $30.63.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings results 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 business 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%. Equities analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be given a dividend of $0.3611 per share. 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 5.68%. Rogers Communications's dividend payout ratio (DPR) is presently 59.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on RCI shares. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $67.00.

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.