Natixis Advisors L.P. Purchases 33,100 Shares of Rogers Communications Inc. (NYSE:RCI)

Natixis Advisors L.P. raised its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,477 shares of the Wireless communications provider's stock after purchasing an additional 33,100 shares during the period. Natixis Advisors L.P.'s holdings in Rogers Communications were worth $7,699,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Rogers Communications by 62.8% in the third 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 in the last quarter. Fifth Third Bancorp grew its stake in Rogers Communications by 120.1% in the fourth quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider's stock worth $31,000 after purchasing an additional 359 shares in the last quarter. Principal Financial Group Inc. grew its stake in Rogers Communications by 3.0% in the third quarter. Principal Financial Group Inc. now owns 13,865 shares of the Wireless communications provider's stock worth $535,000 after purchasing an additional 400 shares in the last quarter. 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 period. Finally, O Shaughnessy Asset Management LLC boosted its stake in Rogers Communications by 3.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 20,413 shares of the Wireless communications provider's stock valued at $784,000 after acquiring an additional 623 shares during the period. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on RCI. StockNews.com downgraded Rogers Communications from a "hold" rating to a "sell" rating in a research note on Friday, April 5th. Barclays decreased their target price on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have given a buy rating to the company. According to MarketBeat.com, Rogers Communications presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.00.

Rogers Communications Trading Up 0.6 %

Shares of Rogers Communications stock traded up $0.23 during trading on Friday, reaching $39.57. 744,115 shares of the company were exchanged, compared to its average volume of 628,013. 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 twelve month low of $36.55 and a twelve month high of $49.38. The business has a 50-day moving average price of $40.43 and a 200-day moving average price of $43.10. The firm has a market capitalization of $20.91 billion, a price-to-earnings ratio of 49.46, a P/E/G ratio of 1.02 and a beta of 0.63.

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 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.01. The business 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 anticipate that Rogers Communications Inc. will post 3.64 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be issued a dividend of $0.3658 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.46 annualized dividend and a yield of 3.70%. Rogers Communications's dividend payout ratio is presently 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.