CANADA LIFE ASSURANCE Co Has $12.17 Million Holdings in Rogers Communications Inc. (NYSE:RCI)

CANADA LIFE ASSURANCE Co cut its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 397,727 shares of the Wireless communications provider's stock after selling 57,481 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Rogers Communications worth $12,167,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in RCI. Lindbrook Capital LLC increased its stake in Rogers Communications by 95.1% in the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider's stock valued at $47,000 after buying an additional 744 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 acquiring an additional 1,052 shares during the last quarter. Headlands Technologies LLC raised its holdings in Rogers Communications by 274.2% during the fourth quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider's stock worth $163,000 after acquiring an additional 3,888 shares in the last quarter. V Square Quantitative Management LLC raised its holdings in Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider's stock worth $178,000 after acquiring an additional 930 shares in the last quarter. Finally, Tidal Investments LLC acquired a new position in Rogers Communications during the third quarter valued at approximately $248,000. Institutional investors own 45.49% of the company's stock.

Rogers Communications Stock Performance

NYSE RCI traded down $0.09 on Friday, reaching $25.15. The stock had a trading volume of 1,312,898 shares, compared to its average volume of 1,013,142. 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 company has a market cap of $13.48 billion, a P/E ratio of 10.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The firm has a fifty day moving average of $26.68 and a two-hundred day moving average of $30.63. Rogers Communications Inc. has a 1-year low of $23.18 and a 1-year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly 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, 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. The ex-dividend date of this dividend 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 59.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on RCI shares. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Bank of America cut shares of Rogers Communications from a "buy" rating to a "neutral" rating in a research note on Tuesday, January 14th. Barclays reissued 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 report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target 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.