Dimensional Fund Advisors LP Raises Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Dimensional Fund Advisors LP increased its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 783,739 shares of the Wireless communications provider's stock after acquiring an additional 23,926 shares during the period. Dimensional Fund Advisors LP owned about 0.15% of Rogers Communications worth $24,084,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of RCI. First Trust Advisors LP boosted its position in Rogers Communications by 18.6% in the fourth quarter. First Trust Advisors LP now owns 2,860,669 shares of the Wireless communications provider's stock worth $87,909,000 after purchasing an additional 447,738 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Rogers Communications by 468.6% in the 4th quarter. Canada Pension Plan Investment Board now owns 606,700 shares of the Wireless communications provider's stock worth $18,627,000 after buying an additional 500,000 shares during the last quarter. Marshall Wace LLP bought a new position in Rogers Communications during the fourth quarter valued at about $852,000. Gabelli Funds LLC increased its holdings in Rogers Communications by 0.5% during the fourth quarter. Gabelli Funds LLC now owns 1,207,100 shares of the Wireless communications provider's stock worth $37,094,000 after buying an additional 6,500 shares during the last quarter. Finally, Guggenheim Capital LLC raised its position in Rogers Communications by 260.5% in the fourth quarter. Guggenheim Capital LLC now owns 18,336 shares of the Wireless communications provider's stock worth $563,000 after acquiring an additional 13,250 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Stock Performance

Shares of NYSE:RCI traded up $0.10 during midday trading on Friday, reaching $25.53. 1,034,307 shares of the company traded hands, compared to its average volume of 1,013,225. The firm's fifty day moving average price is $26.19 and its two-hundred day moving average price is $29.84. The firm has a market capitalization of $13.69 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.43 and a beta of 0.73. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. 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 announced its quarterly earnings results on Wednesday, April 23rd. The Wireless communications provider reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.02). Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The company had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. During the same quarter in the prior year, the company earned $0.99 earnings per share. The company's quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th will be given a dividend of $0.3611 per share. This is a positive change from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Monday, June 9th. Rogers Communications's payout ratio is 59.66%.

Analyst Ratings Changes

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

Rogers Communications Company Profile

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.