Triasima Portfolio Management inc. Increases Holdings in Rogers Communications Inc. (NYSE:RCI)

Triasima Portfolio Management inc. increased its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 88.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 568,050 shares of the Wireless communications provider's stock after purchasing an additional 267,075 shares during the quarter. Rogers Communications accounts for about 2.2% of Triasima Portfolio Management inc.'s holdings, making the stock its 15th largest holding. Triasima Portfolio Management inc. owned 0.11% of Rogers Communications worth $26,642,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in shares of Rogers Communications by 1.2% during the first quarter. American Century Companies Inc. now owns 16,949 shares of the Wireless communications provider's stock valued at $809,000 after acquiring an additional 205 shares during the last quarter. US Bancorp DE raised its holdings in shares of Rogers Communications by 3.0% during the first quarter. US Bancorp DE now owns 7,289 shares of the Wireless communications provider's stock valued at $413,000 after acquiring an additional 213 shares during the last quarter. Brinker Capital Investments LLC raised its holdings in shares of Rogers Communications by 3.1% during 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 during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Rogers Communications by 62.8% during the third quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider's stock valued at $27,000 after acquiring an additional 270 shares during the last quarter. Finally, Cigna Investments Inc. New raised its holdings in shares of Rogers Communications by 4.9% during the third quarter. Cigna Investments Inc. New now owns 6,851 shares of the Wireless communications provider's stock valued at $265,000 after acquiring an additional 317 shares during the last quarter. Institutional investors and hedge funds own 45.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Barclays reduced their target price on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating for the company in a report on Wednesday. StockNews.com lowered Rogers Communications from a "hold" rating to a "sell" rating in a research report on Friday, April 5th. One investment 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $46.00.

Rogers Communications Price Performance

Shares of RCI stock traded down $1.11 during trading hours on Friday, reaching $38.06. The company had a trading volume of 653,828 shares, compared to its average volume of 679,119. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.84 and a current ratio of 0.89. The stock has a fifty day moving average of $43.15 and a 200-day moving average of $43.10. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 1.68 and a beta of 0.59. Rogers Communications Inc. has a 12-month low of $36.55 and a 12-month high of $50.00.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.76 by $0.11. The business had revenue of $3.92 billion during the quarter, compared to analyst estimates of $3.99 billion. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. On average, equities analysts anticipate that Rogers Communications Inc. will post 3.6 earnings per share for the current year.

Rogers Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were given a $0.3742 dividend. This represents a $1.50 annualized dividend and a yield of 3.93%. This is a positive change from Rogers Communications's previous quarterly dividend of $0.36. The ex-dividend date was Friday, March 8th. Rogers Communications's dividend payout ratio is presently 122.50%.

About Rogers Communications

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.