1,100 Shares in Rogers Communications Inc. (NYSE:RCI) Bought by CVA Family Office LLC

CVA Family Office LLC bought a new position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,100 shares of the Wireless communications provider’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Rogers Communications by 62.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 270 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Rogers Communications during the 3rd quarter worth about $29,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of Rogers Communications by 26.7% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider’s stock worth $99,000 after acquiring an additional 371 shares in the last quarter. Macquarie Group Ltd. acquired a new position in shares of Rogers Communications during the 1st quarter worth about $82,000. Finally, Tower Research Capital LLC TRC acquired a new position in shares of Rogers Communications during the 3rd quarter worth about $100,000. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Stock Up 0.3 %

Shares of NYSE RCI opened at $41.20 on Thursday. The stock has a market cap of $21.78 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.23 and a beta of 0.60. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81. Rogers Communications Inc. has a 52-week low of $36.55 and a 52-week high of $50.00. The business has a 50-day moving average price of $45.07 and a 200 day moving average price of $43.23.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The company had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.99 billion. Equities research analysts forecast that Rogers Communications Inc. will post 3.78 earnings per share for the current year.

Rogers Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Monday, March 11th will be given a $0.3742 dividend. The ex-dividend date of this dividend is Friday, March 8th. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.36. This represents a $1.50 annualized dividend and a dividend yield of 3.63%. Rogers Communications’s payout ratio is currently 122.50%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com raised Rogers Communications from a “sell” rating to a “hold” rating in a research report on Sunday. Barclays decreased their target price on Rogers Communications from $55.00 to $52.00 and set an “overweight” rating for the company in a research report on Monday, February 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $52.00.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.