Rogers Communication, Inc. (NYSE:RCI) Stock Holdings Boosted by Signaturefd LLC

Signaturefd LLC grew its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 45.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,281 shares of the Wireless communications provider’s stock after purchasing an additional 4,778 shares during the period. Signaturefd LLC’s holdings in Rogers Communication were worth $408,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Versant Capital Management Inc acquired a new stake in shares of Rogers Communication in the first quarter valued at about $79,000. CWM LLC raised its stake in shares of Rogers Communication by 57.4% in the first quarter. CWM LLC now owns 3,736 shares of the Wireless communications provider’s stock valued at $100,000 after acquiring an additional 1,363 shares during the last quarter. TD Private Client Wealth LLC raised its position in Rogers Communication by 263.1% in the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider’s stock worth $137,000 after purchasing an additional 3,718 shares during the last quarter. Headlands Technologies LLC raised its position in Rogers Communication by 274.2% in the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. Finally, Prudential PLC grew its holdings in Rogers Communication by 21.6% during the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider’s stock worth $268,000 after acquiring an additional 1,552 shares during the period. 45.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research note on Tuesday. Finally, Canaccord Genuity Group upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Rogers Communication currently has a consensus rating of “Hold” and a consensus target price of $67.00.

Rogers Communication Price Performance

RCI stock opened at $33.13 on Friday. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.00 and a quick ratio of 0.94. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.84. The stock has a market cap of $17.82 billion, a PE ratio of 14.22, a P/E/G ratio of 1.87 and a beta of 0.76. The firm has a 50 day simple moving average of $28.40 and a two-hundred day simple moving average of $27.71.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued 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). The company had revenue of $3.46 billion during the quarter, compared to the consensus estimate of $4.96 billion. Rogers Communication had a return on equity of 25.28% and a net margin of 8.53%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 earnings per share. On average, analysts predict that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Monday, June 9th were given a dividend of $0.3611 per share. The ex-dividend date was Monday, June 9th. This represents a $1.44 annualized dividend and a dividend yield of 4.36%. This is a boost from Rogers Communication’s previous quarterly dividend of $0.35. Rogers Communication’s dividend payout ratio (DPR) is presently 62.66%.

About Rogers Communication

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.