APG Asset Management N.V. Purchases Shares of 111,300 Rogers Communications Inc. (NYSE:RCI)

APG Asset Management N.V. purchased a new stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 111,300 shares of the Wireless communications provider's stock, valued at approximately $3,303,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RCI. Charles Schwab Investment Management Inc. lifted its stake in shares of Rogers Communications by 106.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider's stock worth $5,383,000 after buying an additional 68,971 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Rogers Communications by 7.9% during the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider's stock worth $301,000 after acquiring an additional 551 shares during the period. Quantinno Capital Management LP grew its position in shares of Rogers Communications by 3.7% in the third quarter. Quantinno Capital Management LP now owns 28,666 shares of the Wireless communications provider's stock valued at $1,153,000 after purchasing an additional 1,023 shares during the last quarter. State Street Corp increased its stake in shares of Rogers Communications by 0.5% during the third quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider's stock worth $5,550,000 after purchasing an additional 661 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in Rogers Communications by 96.8% during the 3rd quarter. Wellington Management Group LLP now owns 22,198 shares of the Wireless communications provider's stock worth $894,000 after purchasing an additional 10,917 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Barclays reaffirmed an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Scotiabank lowered shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Morgan Stanley started coverage on shares of Rogers Communications in a report on Monday, December 16th. They issued an "underweight" rating for the company. Bank of America cut Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group raised Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Rogers Communications presently has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Price Performance

Shares of RCI stock traded down $0.28 on Tuesday, reaching $24.93. The company had a trading volume of 1,127,636 shares, compared to its average volume of 1,013,871. The stock has a market capitalization of $13.36 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 3.67. The business's 50-day moving average is $27.08 and its 200 day moving average is $31.48. Rogers Communications Inc. has a one year low of $23.18 and a one year high of $41.84.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating 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%. Equities research analysts forecast that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were issued a $0.347 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a yield of 5.57%. Rogers Communications's payout ratio is presently 59.48%.

Rogers Communications Company 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.