Natixis Acquires 45,542 Shares of Rogers Communications Inc. (NYSE:RCI)

Natixis grew its holdings in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 17,449.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,803 shares of the Wireless communications provider's stock after purchasing an additional 45,542 shares during the period. Natixis' holdings in Rogers Communications were worth $1,408,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ossiam increased its stake in Rogers Communications by 38.3% in the 4th quarter. Ossiam now owns 73,581 shares of the Wireless communications provider's stock worth $2,261,000 after buying an additional 20,381 shares during the period. Dimensional Fund Advisors LP grew its stake in Rogers Communications by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 783,739 shares of the Wireless communications provider's stock worth $24,084,000 after acquiring an additional 23,926 shares in the last quarter. First Trust Advisors LP increased its position in shares of Rogers Communications by 18.6% during the fourth quarter. First Trust Advisors LP now owns 2,860,669 shares of the Wireless communications provider's stock worth $87,909,000 after acquiring an additional 447,738 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Rogers Communications by 468.6% during the fourth quarter. Canada Pension Plan Investment Board now owns 606,700 shares of the Wireless communications provider's stock valued at $18,627,000 after acquiring an additional 500,000 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Rogers Communications in the fourth quarter valued at approximately $852,000. 45.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RCI has been the topic of several research reports. Barclays restated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a report on Tuesday, January 14th. Canaccord Genuity Group raised shares of Rogers Communications from a "hold" rating to a "buy" rating in a research note on Friday, April 4th. Finally, Scotiabank downgraded shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $67.00.

Rogers Communications Price Performance

RCI opened at $25.39 on Wednesday. The firm has a market capitalization of $13.61 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The business's 50-day moving average is $26.85 and its two-hundred day moving average is $30.96. Rogers Communications Inc. has a 1 year low of $23.18 and a 1 year high of $41.84.

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

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th were given a $0.347 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.47%. Rogers Communications's payout ratio is 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.

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