Swiss National Bank Has $54.10 Million Stock Position in Rogers Communications Inc. (NYSE:RCI)

Swiss National Bank trimmed its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,153,600 shares of the Wireless communications provider's stock after selling 35,000 shares during the quarter. Swiss National Bank owned about 0.22% of Rogers Communications worth $54,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RCI. EverSource Wealth Advisors LLC raised its holdings 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 purchasing an additional 270 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Rogers Communications during the third quarter worth approximately $29,000. Fifth Third Bancorp lifted its holdings in 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 during the period. Lindbrook Capital LLC boosted its stake in Rogers Communications by 120.8% in the fourth quarter. Lindbrook Capital LLC now owns 912 shares of the Wireless communications provider's stock valued at $43,000 after acquiring an additional 499 shares during the last quarter. Finally, CVA Family Office LLC acquired a new stake in Rogers Communications during the 4th quarter worth $51,000. Institutional investors and hedge funds own 45.49% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com downgraded Rogers Communications from a "hold" rating to a "sell" rating in a report on Friday, April 5th. Barclays reduced their price objective 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. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.00.

Rogers Communications Stock Down 1.0 %

RCI traded down $0.38 during trading hours on Tuesday, hitting $38.37. 790,393 shares of the company's stock were exchanged, compared to its average volume of 617,744. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a 1-year low of $36.55 and a 1-year high of $49.60. The stock's 50-day moving average is $40.64 and its two-hundred day moving average is $43.15. The stock has a market cap of $20.28 billion, a price-to-earnings ratio of 47.96, a PEG ratio of 1.02 and a beta of 0.62.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.01. The company had revenue of $3.64 billion during the quarter, compared to analysts' expectations of $3.64 billion. Rogers Communications had a return on equity of 21.92% and a net margin of 2.90%. Sell-side analysts predict that Rogers Communications Inc. will post 3.64 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be given a dividend of $0.3658 per share. This represents a $1.46 annualized dividend and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, June 10th. Rogers Communications's dividend payout ratio (DPR) is 183.75%.

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.