Natixis Advisors LLC Acquires 258,562 Shares of Rogers Communication, Inc. $RCI

Natixis Advisors LLC increased its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 757.7% during the 4th quarter, Holdings Channel reports. The firm owned 292,686 shares of the Wireless communications provider’s stock after buying an additional 258,562 shares during the period. Natixis Advisors LLC’s holdings in Rogers Communication were worth $11,043,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Van ECK Associates Corp grew its stake in shares of Rogers Communication by 6.0% in the third quarter. Van ECK Associates Corp now owns 5,889 shares of the Wireless communications provider’s stock worth $203,000 after purchasing an additional 334 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Rogers Communication by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after purchasing an additional 407 shares during the last quarter. Gold Investment Management Ltd. grew its stake in shares of Rogers Communication by 1.7% in the fourth quarter. Gold Investment Management Ltd. now owns 29,721 shares of the Wireless communications provider’s stock worth $1,122,000 after purchasing an additional 488 shares during the last quarter. Public Sector Pension Investment Board grew its stake in shares of Rogers Communication by 1.8% in the second quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock worth $1,101,000 after purchasing an additional 640 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after purchasing an additional 683 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communication Stock Performance

Rogers Communication stock opened at $37.68 on Friday. The stock’s 50 day simple moving average is $36.05 and its two-hundred day simple moving average is $37.23. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.55. The stock has a market cap of $20.35 billion, a price-to-earnings ratio of 3.97, a PEG ratio of 3.31 and a beta of 0.62. Rogers Communication, Inc. has a fifty-two week low of $26.30 and a fifty-two week high of $41.14.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The business’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 EPS. As a group, analysts expect that Rogers Communication, Inc. will post 3.55 earnings per share for the current fiscal year.

Rogers Communication Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Rogers Communication’s payout ratio is presently 15.51%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Scotiabank raised Rogers Communication from a “hold” rating to an “outperform” rating in a research note on Thursday, April 23rd. Desjardins reissued a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Finally, TD Securities cut Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.