United Capital Financial Advisors LLC Sells 28,798 Shares of Rogers Communications Inc. (NYSE:RCI)

United Capital Financial Advisors LLC lowered its stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 31.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 61,874 shares of the Wireless communications provider's stock after selling 28,798 shares during the period. United Capital Financial Advisors LLC's holdings in Rogers Communications were worth $1,901,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of RCI. Gabelli Funds LLC boosted its stake in shares of Rogers Communications by 0.5% in the fourth quarter. Gabelli Funds LLC now owns 1,207,100 shares of the Wireless communications provider's stock valued at $37,094,000 after buying an additional 6,500 shares during the period. Guggenheim Capital LLC lifted its position in shares of Rogers Communications by 260.5% during the 4th quarter. Guggenheim Capital LLC now owns 18,336 shares of the Wireless communications provider's stock valued at $563,000 after acquiring an additional 13,250 shares during the period. XTX Topco Ltd acquired a new stake in shares of Rogers Communications during the 4th quarter worth $755,000. Barclays PLC increased its position in shares of Rogers Communications by 15.7% in the fourth quarter. Barclays PLC now owns 170,070 shares of the Wireless communications provider's stock worth $5,228,000 after purchasing an additional 23,043 shares during the period. Finally, Scotia Capital Inc. lifted its position in Rogers Communications by 18.3% during the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider's stock worth $113,217,000 after purchasing an additional 572,270 shares during the period. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RCI has been the topic of a number of recent analyst reports. Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research note on Tuesday, April 1st. Barclays reissued an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research report on Friday, April 4th. Finally, Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. One research 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. Based on data from MarketBeat, Rogers Communications has a consensus rating of "Hold" and an average price target of $67.00.

Rogers Communications Trading Up 0.9 %

Rogers Communications stock traded up $0.22 during trading hours on Thursday, hitting $25.30. The stock had a trading volume of 261,780 shares, compared to its average volume of 1,015,929. The business's 50 day simple moving average is $26.79 and its 200-day simple moving average is $30.92. Rogers Communications Inc. has a one year low of $23.18 and a one year high of $41.84. The stock has a market cap of $13.56 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 1.43 and a beta of 0.67. 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 (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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $4.96 billion. On average, equities analysts predict that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were paid a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a dividend yield of 5.49%. Rogers Communications's dividend payout ratio is 59.48%.

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.