Waldron Private Wealth LLC Has $856,000 Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Waldron Private Wealth LLC decreased its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 20.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,283 shares of the Wireless communications provider’s stock after selling 5,497 shares during the quarter. Waldron Private Wealth LLC’s holdings in Rogers Communications were worth $856,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Ridgewood Investments LLC purchased a new stake in shares of Rogers Communications during the second quarter worth $37,000. Northwestern Mutual Wealth Management Co. raised its position in Rogers Communications by 110.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 522 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Rogers Communications in the first quarter valued at approximately $42,000. Grove Bank & Trust grew its position in Rogers Communications by 41.0% in the third quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock worth $42,000 after acquiring an additional 302 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Rogers Communications during the 2nd quarter worth $55,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Trading Down 0.2 %

Shares of Rogers Communications stock opened at $39.04 on Wednesday. Rogers Communications Inc. has a 1 year low of $35.55 and a 1 year high of $48.19. The company’s fifty day simple moving average is $39.82 and its 200-day simple moving average is $38.89. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 48.80, a PEG ratio of 1.06 and a beta of 0.67. The company has a current ratio of 0.65, a quick ratio of 0.60 and a debt-to-equity ratio of 3.58.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.33. Rogers Communications had a net margin of 4.28% and a return on equity of 23.15%. The company had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The business’s revenue was up .9% compared to the same quarter last year. As a group, sell-side analysts expect that Rogers Communications Inc. will post 3.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on RCI shares. Canaccord Genuity Group cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. StockNews.com raised Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. BMO Capital Markets boosted their target price on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. TD Securities lifted their price target on shares of Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, September 19th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and set a $57.00 price objective (down from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Rogers Communications currently has a consensus rating of “Moderate Buy” and an average target price of $61.75.

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.