Fiera Capital Corp Boosts Holdings in Rogers Communication, Inc. $RCI

Fiera Capital Corp raised its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 8,881.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,196,876 shares of the Wireless communications provider’s stock after buying an additional 7,116,744 shares during the quarter. Fiera Capital Corp’s holdings in Rogers Communication were worth $271,751,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RCI. Invesco Ltd. grew its holdings in Rogers Communication by 52.3% in the 2nd quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider’s stock valued at $27,724,000 after buying an additional 321,124 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Rogers Communication by 52.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 683 shares during the period. Marshall Wace LLP grew its holdings in Rogers Communication by 36.5% in the 2nd quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock valued at $1,103,000 after buying an additional 9,951 shares during the period. Cerity Partners LLC grew its holdings in Rogers Communication by 7.0% in the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 724 shares during the period. Finally, AXA S.A. grew its holdings in Rogers Communication by 231.1% in the 2nd quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider’s stock valued at $1,481,000 after buying an additional 34,860 shares during the period. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on RCI. Scotiabank raised Rogers Communication from a “hold” rating to an “outperform” rating in a research note on Thursday, April 23rd. Desjardins reaffirmed a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Finally, TD Securities lowered Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Rogers Communication has a consensus rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Stock Performance

NYSE RCI opened at $37.68 on Monday. The firm has a market capitalization of $20.35 billion, a P/E ratio of 3.97, a P/E/G ratio of 3.31 and a beta of 0.62. Rogers Communication, Inc. has a 1-year low of $26.30 and a 1-year high of $41.14. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.55 and a quick ratio of 0.53. The business’s 50-day simple moving average is $36.05 and its 200-day simple moving average is $37.23.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.01. The business had revenue of $3.94 billion for the quarter, compared to analyst estimates of $5.44 billion. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 EPS. Equities analysts predict that Rogers Communication, Inc. will post 3.55 EPS for the current year.

Rogers Communication Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 9th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $2.00 annualized dividend and a yield of 5.3%. Rogers Communication’s payout ratio is 15.51%.

Rogers Communication Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.