Deutsche Bank AG Acquires 19,860 Shares of Rogers Communications Inc. (NYSE:RCI)

Deutsche Bank AG boosted its holdings in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,776 shares of the Wireless communications provider’s stock after buying an additional 19,860 shares during the period. Deutsche Bank AG owned approximately 0.10% of Rogers Communications worth $16,987,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. APG Asset Management N.V. acquired a new stake in shares of Rogers Communications in the 4th quarter worth about $3,303,000. FIL Ltd increased its holdings in Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock worth $1,028,336,000 after purchasing an additional 2,244,240 shares in the last quarter. Avanza Fonder AB purchased a new stake in shares of Rogers Communications in the fourth quarter worth approximately $718,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Rogers Communications by 180.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider’s stock valued at $10,560,000 after purchasing an additional 221,628 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Rogers Communications by 57.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider’s stock valued at $6,457,000 after buying an additional 76,373 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communications Trading Down 1.8%

Shares of Rogers Communications stock opened at $24.97 on Thursday. The firm has a market cap of $13.39 billion, a PE ratio of 10.76, a P/E/G ratio of 1.43 and a beta of 0.73. Rogers Communications Inc. has a 1 year low of $23.18 and a 1 year 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. The stock has a fifty day moving average price of $26.02 and a 200-day moving average price of $29.58.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data 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 return on equity of 25.19% and a net margin of 8.40%. The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. During the same period in the prior year, the firm posted $0.99 EPS. The business’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Monday, June 9th will be paid a $0.3611 dividend. This is an increase from Rogers Communications’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, June 9th. This represents a $1.44 annualized dividend and a yield of 5.78%. Rogers Communications’s dividend payout ratio is presently 59.66%.

Analyst Upgrades and Downgrades

RCI has been the subject of a number of analyst reports. Canaccord Genuity Group raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Scotiabank downgraded shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Finally, Barclays restated an “equal weight” rating on shares of Rogers Communications in a report on Tuesday, January 21st. 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 stock. Based on data from MarketBeat, Rogers Communications has an average rating of “Hold” and a consensus price target of $67.00.

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.