Rogers Communications Inc. (NYSE:RCI) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 23.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 141,658 shares of the Wireless communications provider's stock after selling 43,402 shares during the quarter. Invesco Ltd.'s holdings in Rogers Communications were worth $4,353,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCI. Russell Investments Group Ltd. boosted its position in shares of Rogers Communications by 14.4% in the 4th quarter. Russell Investments Group Ltd. now owns 209,113 shares of the Wireless communications provider's stock worth $6,413,000 after purchasing an additional 26,319 shares during the last quarter. Prudential PLC grew its position in Rogers Communications by 21.6% during the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider's stock worth $268,000 after acquiring an additional 1,552 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Rogers Communications by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,914,155 shares of the Wireless communications provider's stock worth $89,552,000 after purchasing an additional 17,666 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after purchasing an additional 3,888 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Rogers Communications by 31.5% during the fourth quarter. Geode Capital Management LLC now owns 2,149,482 shares of the Wireless communications provider's stock worth $67,040,000 after purchasing an additional 515,501 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Rogers Communications Trading Down 1.3 %

Shares of Rogers Communications stock traded down $0.34 during midday trading on Thursday, reaching $25.75. 111,539 shares of the company's stock traded hands, compared to its average volume of 1,007,578. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a market cap of $13.80 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The stock has a 50 day moving average of $26.54 and a 200-day moving average of $30.47.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last posted its quarterly earnings data 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). The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The business's revenue was up 1.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 earnings per share. As a group, equities analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be issued a $0.3611 dividend. The ex-dividend date is Monday, June 9th. 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 5.61%. Rogers Communications's dividend payout ratio (DPR) is 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.