Guggenheim Capital LLC Acquires 13,250 Shares of Rogers Communications Inc. (NYSE:RCI)

Guggenheim Capital LLC raised its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 260.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,336 shares of the Wireless communications provider's stock after acquiring an additional 13,250 shares during the period. Guggenheim Capital LLC's holdings in Rogers Communications were worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp raised its holdings in Rogers Communications by 0.5% in the 3rd quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock valued at $5,550,000 after buying an additional 661 shares during the last quarter. Tidal Investments LLC bought a new position in Rogers Communications during the third quarter worth $248,000. Franklin Resources Inc. grew its stake in shares of Rogers Communications by 25.7% in the 3rd quarter. Franklin Resources Inc. now owns 10,900 shares of the Wireless communications provider's stock valued at $423,000 after buying an additional 2,232 shares during the period. JPMorgan Chase & Co. raised its position in shares of Rogers Communications by 0.9% during the third quarter. JPMorgan Chase & Co. now owns 1,728,836 shares of the Wireless communications provider's stock worth $69,516,000 after purchasing an additional 15,609 shares during the period. Finally, JTC Employer Solutions Trustee Ltd grew its holdings in shares of Rogers Communications by 1.0% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 101,365 shares of the Wireless communications provider's stock valued at $3,090,000 after buying an additional 956 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RCI. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Finally, Scotiabank downgraded Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Trading Down 1.7 %

RCI traded down $0.44 during trading on Thursday, hitting $25.66. 130,662 shares of the stock traded hands, compared to its average volume of 1,007,762. The firm has a market capitalization of $13.75 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The firm has a 50-day moving average of $26.54 and a 200 day moving average of $30.47. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. Rogers Communications Inc. has a 12-month low of $23.18 and a 12-month high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its quarterly earnings data on Wednesday, April 23rd. The Wireless communications provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. Equities research analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be issued a dividend of $0.3611 per share. This represents a $1.44 annualized dividend and a dividend yield of 5.63%. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's dividend payout ratio (DPR) is presently 59.66%.

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.