Swiss Life Asset Management Ltd Has $3.41 Million Stake in Rogers Communication, Inc. $RCI

Swiss Life Asset Management Ltd raised its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 66.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,206 shares of the Wireless communications provider’s stock after purchasing an additional 36,114 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Rogers Communication were worth $3,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Rogers Communication by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 5,889 shares of the Wireless communications provider’s stock valued at $203,000 after purchasing an additional 334 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Rogers Communication by 107.4% in the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after purchasing an additional 407 shares during the period. Gold Investment Management Ltd. raised its stake in shares of Rogers Communication by 1.7% in the 4th quarter. Gold Investment Management Ltd. now owns 29,721 shares of the Wireless communications provider’s stock valued at $1,122,000 after purchasing an additional 488 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Rogers Communication by 1.8% in the 2nd quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock valued at $1,101,000 after acquiring an additional 640 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of 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 acquiring an additional 683 shares in the last quarter. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communication Trading Down 1.0%

Rogers Communication stock opened at $35.74 on Friday. Rogers Communication, Inc. has a 52 week low of $25.05 and a 52 week high of $41.14. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.55. The stock has a market capitalization of $19.30 billion, a P/E ratio of 3.77, a PEG ratio of 3.17 and a beta of 0.61. The stock has a 50-day simple moving average of $36.75 and a 200 day simple moving average of $37.37.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The business had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter last year, the company posted $0.99 earnings per share. Rogers Communication’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that Rogers Communication, Inc. will post 3.55 earnings per share for the current year.

Rogers Communication Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.6%. Rogers Communication’s dividend payout ratio (DPR) is presently 15.51%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Scotiabank upgraded Rogers Communication from a “hold” rating to an “outperform” rating in a report on Thursday, April 23rd. TD Cowen restated a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Wall Street Zen cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. TD Securities cut Rogers Communication from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Barclays restated a “positive” rating and issued a $37.00 price objective on shares of Rogers Communication in a report on Tuesday, January 27th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers Communication has an average rating of “Hold” and an average price target of $36.00.

Rogers Communication Company 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.