Rogers Communications Inc. (NYSE:RCI) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC trimmed its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 31.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,874 shares of the Wireless communications provider’s stock after selling 28,798 shares during the period. United Capital Financial Advisors LLC’s holdings in Rogers Communications were worth $1,901,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in RCI. Arrowstreet Capital Limited Partnership grew its stake in Rogers Communications by 123.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider’s stock worth $206,565,000 after buying an additional 3,717,487 shares during the period. FIL Ltd lifted its holdings in shares of Rogers Communications by 7.2% during the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider’s stock valued at $1,028,336,000 after acquiring an additional 2,244,240 shares in the last quarter. Bank of Nova Scotia boosted its position in Rogers Communications by 20.6% during the 4th quarter. Bank of Nova Scotia now owns 7,736,202 shares of the Wireless communications provider’s stock worth $237,784,000 after purchasing an additional 1,320,200 shares during the period. Hillsdale Investment Management Inc. increased its holdings in Rogers Communications by 5,526.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider’s stock valued at $18,177,000 after purchasing an additional 581,424 shares in the last quarter. Finally, Scotia Capital Inc. raised its position in Rogers Communications by 18.3% in the fourth quarter. Scotia Capital Inc. now owns 3,697,645 shares of the Wireless communications provider’s stock valued at $113,217,000 after purchasing an additional 572,270 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Stock Performance

Rogers Communications stock opened at $25.90 on Friday. The company has a market cap of $13.88 billion, a PE ratio of 11.16, a P/E/G 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 fifty day moving average price of $26.95 and a two-hundred day moving average price of $31.20. 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 for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. Research analysts expect that Rogers Communications Inc. will post 3.57 earnings per share for the current year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Monday, March 10th were issued a $0.347 dividend. This represents a $1.39 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, March 10th. Rogers Communications’s dividend payout ratio (DPR) is 59.48%.

Wall Street Analyst Weigh In

Several research firms recently 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 raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Finally, Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.