Rogers Communications Inc. (NYSE:RCI) Shares Sold by TD Waterhouse Canada Inc.

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

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Lindbrook Capital LLC increased its stake in Rogers Communications by 95.1% during the fourth 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 last quarter. Jones Financial Companies Lllp lifted its position in Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after buying an additional 1,052 shares in the last quarter. Headlands Technologies LLC grew its stake 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 buying an additional 3,888 shares during the period. V Square Quantitative Management LLC raised its stake 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 valued at $178,000 after acquiring an additional 930 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of Rogers Communications during the 3rd quarter valued at $248,000. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Trading Up 3.2 %

NYSE RCI opened at $25.90 on Monday. The company’s fifty day moving average price is $26.95 and its two-hundred day moving average price is $31.09. The company has a market capitalization of $13.88 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. Rogers Communications Inc. has a 12 month low of $23.18 and a 12 month high of $41.84. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. As a group, research analysts predict that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a dividend of $0.347 per share. The ex-dividend date was Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 5.36%. Rogers Communications’s payout ratio is 59.48%.

Wall Street Analyst Weigh In

Several research firms have commented on RCI. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Canaccord Genuity Group upgraded Rogers Communications from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. 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 company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.00.

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.