American Capital Advisory LLC Raises Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

American Capital Advisory LLC boosted its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 1,349.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,945 shares of the Wireless communications provider's stock after buying an additional 15,776 shares during the period. American Capital Advisory LLC's holdings in Rogers Communications were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in RCI. Vest Financial LLC raised its position in Rogers Communications by 59.2% in the 4th quarter. Vest Financial LLC now owns 24,623 shares of the Wireless communications provider's stock valued at $757,000 after purchasing an additional 9,160 shares during the last quarter. Waldron Private Wealth LLC raised its stake in Rogers Communications by 3.1% in the 4th quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider's stock valued at $682,000 after purchasing an additional 660 shares during the last quarter. Forsta AP Fonden boosted its stake in Rogers Communications by 3.2% in the 4th quarter. Forsta AP Fonden now owns 84,400 shares of the Wireless communications provider's stock worth $2,593,000 after buying an additional 2,600 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Rogers Communications by 1.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider's stock worth $725,000 after buying an additional 379 shares during the period. Finally, Monarch Capital Management Inc. boosted its holdings in Rogers Communications by 25.2% in the 4th quarter. Monarch Capital Management Inc. now owns 49,013 shares of the Wireless communications provider's stock worth $1,515,000 after acquiring an additional 9,875 shares during the period. Institutional investors and hedge funds own 45.49% of the company's stock.

Remove Ads

Analysts Set New Price Targets

Several research analysts have recently commented on RCI shares. Bank of America lowered Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Barclays restated an "equal weight" rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Morgan Stanley assumed coverage on shares of Rogers Communications in a research note on Monday, December 16th. They set an "underweight" rating for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $61.75.

Rogers Communications Trading Up 1.4 %

RCI traded up $0.37 during midday trading on Wednesday, reaching $27.76. 1,152,131 shares of the company were exchanged, compared to its average volume of 1,205,190. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The stock has a market capitalization of $14.84 billion, a P/E ratio of 11.97, a PEG ratio of 1.37 and a beta of 0.68. The stock's 50-day simple moving average is $30.19 and its 200 day simple moving average is $35.60. Rogers Communications Inc. has a one year low of $26.57 and a one year high of $45.93.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last announced its quarterly earnings data on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, topping 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%. As a group, analysts forecast that Rogers Communications Inc. will post 3.58 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be given a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Monday, March 10th. Rogers Communications's dividend payout ratio is currently 60.78%.

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.