Value Partners Investments Inc. Decreases Stake in Rogers Communications Inc. (NYSE:RCI)

Value Partners Investments Inc. trimmed its position in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 12.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,236,015 shares of the Wireless communications provider's stock after selling 174,266 shares during the period. Rogers Communications makes up about 4.9% of Value Partners Investments Inc.'s holdings, making the stock its 11th biggest position. Value Partners Investments Inc. owned approximately 0.23% of Rogers Communications worth $59,221,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RCI. American Century Companies Inc. boosted its stake in Rogers Communications by 1.2% in the 1st quarter. American Century Companies Inc. now owns 16,949 shares of the Wireless communications provider's stock worth $809,000 after buying an additional 205 shares during the last quarter. US Bancorp DE raised its position in Rogers Communications by 3.0% in the first quarter. US Bancorp DE now owns 7,289 shares of the Wireless communications provider's stock valued at $413,000 after purchasing an additional 213 shares during the period. Brinker Capital Investments LLC grew its position in Rogers Communications by 3.1% in the first quarter. Brinker Capital Investments LLC now owns 7,523 shares of the Wireless communications provider's stock valued at $427,000 after acquiring an additional 226 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Rogers Communications by 62.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider's stock worth $27,000 after buying an additional 270 shares during the period. Finally, Cigna Investments Inc. New lifted its holdings in Rogers Communications by 4.9% in the 3rd quarter. Cigna Investments Inc. New now owns 6,851 shares of the Wireless communications provider's stock worth $265,000 after buying an additional 317 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com lowered Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. Barclays reduced their price objective on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $46.00.

Rogers Communications Stock Performance

NYSE RCI traded down $0.99 during trading hours on Wednesday, hitting $39.36. The company had a trading volume of 595,011 shares, compared to its average volume of 511,270. The business has a fifty day simple moving average of $43.50 and a 200-day simple moving average of $43.14. The firm has a market cap of $20.80 billion, a P/E ratio of 32.80, a price-to-earnings-growth ratio of 1.69 and a beta of 0.59. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81. Rogers Communications Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $50.00.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.76 by $0.11. The firm had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $3.99 billion. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. Equities analysts predict that Rogers Communications Inc. will post 3.62 EPS for the current year.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Monday, March 11th were given a dividend of $0.3742 per share. The ex-dividend date was Friday, March 8th. This is a positive change from Rogers Communications's previous quarterly dividend of $0.36. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.80%. Rogers Communications's payout ratio is 122.50%.

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.