Mackenzie Financial Corp Purchases 285,730 Shares of Rogers Communications Inc. (NYSE:RCI)

Mackenzie Financial Corp lifted its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 3.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 9,433,774 shares of the Wireless communications provider's stock after purchasing an additional 285,730 shares during the quarter. Mackenzie Financial Corp owned about 1.78% of Rogers Communications worth $441,843,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp grew its stake in shares of Rogers Communications by 120.1% in the fourth quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider's stock valued at $31,000 after buying an additional 359 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake 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 purchasing an additional 270 shares during the period. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in shares of Rogers Communications during the third quarter valued at approximately $29,000. CVA Family Office LLC acquired a new position in shares of Rogers Communications during the fourth quarter worth $51,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Rogers Communications by 26.7% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 371 shares during the period. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Communications Stock Down 0.4 %

Shares of NYSE:RCI traded down $0.15 during midday trading on Monday, reaching $37.91. The company had a trading volume of 657,972 shares, compared to its average volume of 520,014. Rogers Communications Inc. has a one year low of $36.55 and a one year high of $50.00. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84. The stock has a market capitalization of $20.04 billion, a P/E ratio of 31.59, a PEG ratio of 1.63 and a beta of 0.59. The stock's fifty day moving average price is $42.98 and its 200-day moving average price is $43.15.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The firm had revenue of $3.92 billion for the quarter, compared to analysts' expectations of $3.99 billion. Equities research analysts expect that Rogers Communications Inc. will post 3.6 earnings per share for the current fiscal year.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 11th were paid a dividend of $0.3742 per share. The ex-dividend date of this dividend was Friday, March 8th. This is a boost from Rogers Communications's previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a yield of 3.95%. Rogers Communications's dividend payout ratio (DPR) is 122.50%.

Analyst Ratings Changes

Several research firms recently issued reports on RCI. Barclays dropped their price target on shares of Rogers Communications from $52.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 10th. StockNews.com cut Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Rogers Communications has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

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.