TD Waterhouse Canada Inc. Cuts Holdings in Rogers Communications Inc. (NYSE:RCI)

TD Waterhouse Canada Inc. reduced its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,154,482 shares of the Wireless communications provider's stock after selling 267,288 shares during the quarter. TD Waterhouse Canada Inc. owned 0.40% of Rogers Communications worth $65,886,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC grew its holdings in shares of Rogers Communications by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock worth $47,000 after acquiring an additional 744 shares during the period. Jones Financial Companies Lllp grew its holdings in Rogers Communications by 141.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider's stock valued at $55,000 after purchasing an additional 1,052 shares during the last quarter. Headlands Technologies LLC increased its position in shares of Rogers Communications by 274.2% in the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock valued at $163,000 after buying an additional 3,888 shares in the last quarter. V Square Quantitative Management LLC boosted its position in shares of Rogers Communications by 19.1% in the 4th quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after buying an additional 930 shares in the last quarter. Finally, Tidal Investments LLC acquired a new stake in Rogers Communications in the 3rd quarter valued at about $248,000. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Trading Down 0.4 %

RCI traded down $0.09 during trading on Friday, hitting $25.15. The company's stock had a trading volume of 1,312,898 shares, compared to its average volume of 1,014,150. Rogers Communications Inc. has a twelve month low of $23.18 and a twelve month high of $41.84. The firm's 50 day moving average price is $26.68 and its 200-day moving average price is $30.73. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The stock has a market cap of $13.48 billion, a PE ratio of 10.84, a PEG ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its earnings results 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). Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. The business had revenue of $3.46 billion during the quarter, compared to analyst estimates of $4.96 billion. On average, analysts expect that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be given a $0.3611 dividend. The ex-dividend date is Monday, June 9th. This is a boost from Rogers Communications's previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 5.74%. Rogers Communications's dividend payout ratio (DPR) is currently 59.48%.

Wall Street Analysts Forecast Growth

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

Rogers Communications 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.