Cerity Partners LLC Increases Position in Rogers Communications Inc. (NYSE:RCI)

Cerity Partners LLC lifted its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 37.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,969 shares of the Wireless communications provider’s stock after purchasing an additional 2,182 shares during the period. Cerity Partners LLC’s holdings in Rogers Communications were worth $373,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. EverSource Wealth Advisors LLC increased 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 buying an additional 270 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Rogers Communications during the 3rd quarter worth approximately $29,000. Fifth Third Bancorp increased its stake in Rogers Communications by 120.1% during the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider’s stock worth $31,000 after buying an additional 359 shares in the last quarter. CVA Family Office LLC purchased a new stake in Rogers Communications during the 4th quarter worth approximately $51,000. Finally, Tacita Capital Inc increased its stake in Rogers Communications by 35.6% during the 3rd quarter. Tacita Capital Inc now owns 2,935 shares of the Wireless communications provider’s stock worth $113,000 after buying an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on RCI shares. StockNews.com lowered Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. Barclays cut their price objective on Rogers Communications from $52.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, April 10th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $46.00.

Rogers Communications Stock Down 0.2 %

NYSE:RCI opened at $37.95 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.89 and a debt-to-equity ratio of 3.81. The stock’s fifty day moving average is $41.67 and its two-hundred day moving average is $43.12. Rogers Communications Inc. has a 52 week low of $36.55 and a 52 week high of $50.00. The stock has a market capitalization of $20.06 billion, a price-to-earnings ratio of 47.44, a price-to-earnings-growth ratio of 1.65 and a beta of 0.59.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.01. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. Rogers Communications had a return on equity of 21.71% and a net margin of 2.90%. Research analysts anticipate that Rogers Communications Inc. will post 3.56 EPS for the current year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 10th will be issued a $0.3658 dividend. This represents a $1.46 annualized dividend and a yield of 3.86%. The ex-dividend date is Monday, June 10th. Rogers Communications’s dividend payout ratio (DPR) is presently 183.75%.

Rogers Communications 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.