Rogers Communications Inc. (NYSE:RCI) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 16.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,948 shares of the Wireless communications provider’s stock after buying an additional 3,547 shares during the period. Natixis Advisors LLC’s holdings in Rogers Communications were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Rogers Communications by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 247,834 shares of the Wireless communications provider’s stock worth $10,161,000 after acquiring an additional 6,221 shares during the period. Janus Henderson Group PLC grew its holdings in Rogers Communications by 4.9% in the first quarter. Janus Henderson Group PLC now owns 21,932 shares of the Wireless communications provider’s stock valued at $901,000 after purchasing an additional 1,022 shares during the last quarter. Cascade Investment Advisors Inc. increased its position in shares of Rogers Communications by 7.8% in the second quarter. Cascade Investment Advisors Inc. now owns 36,885 shares of the Wireless communications provider’s stock valued at $1,364,000 after buying an additional 2,655 shares in the last quarter. Value Partners Investments Inc. raised its stake in shares of Rogers Communications by 6.5% during the 2nd quarter. Value Partners Investments Inc. now owns 1,699,541 shares of the Wireless communications provider’s stock worth $62,849,000 after buying an additional 103,521 shares during the last quarter. Finally, CWM LLC boosted its position in shares of Rogers Communications by 342.3% in the 2nd quarter. CWM LLC now owns 1,809 shares of the Wireless communications provider’s stock worth $67,000 after buying an additional 1,400 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RCI shares. TD Securities lifted their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. BMO Capital Markets lifted their price objective on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of “Moderate Buy” and an average price target of $61.75.

Rogers Communications Stock Down 1.4 %

Shares of NYSE RCI opened at $35.39 on Wednesday. The firm has a market cap of $18.85 billion, a P/E ratio of 17.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68. Rogers Communications Inc. has a 1 year low of $34.95 and a 1 year high of $48.19. The firm’s 50 day moving average price is $37.78 and its 200 day moving average price is $38.50.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The business had revenue of $5.13 billion for the quarter, compared to analysts’ expectations of $3.79 billion. During the same period last year, the company earned $0.95 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, sell-side analysts anticipate that Rogers Communications Inc. will post 3.55 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.3611 per share. The ex-dividend date is Monday, December 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.08%. Rogers Communications’s dividend payout ratio is presently 71.71%.

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.