Bollard Group LLC Has $3.71 Million Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

Bollard Group LLC trimmed its position in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 21.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,231 shares of the Wireless communications provider's stock after selling 21,242 shares during the quarter. Bollard Group LLC's holdings in Rogers Communications were worth $3,709,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp grew its holdings in Rogers Communications by 120.1% in the 4th quarter. Fifth Third Bancorp now owns 658 shares of the Wireless communications provider's stock valued at $31,000 after buying an additional 359 shares in the last quarter. Lindbrook Capital LLC grew its holdings in Rogers Communications by 120.8% in the 4th quarter. Lindbrook Capital LLC now owns 912 shares of the Wireless communications provider's stock valued at $43,000 after buying an additional 499 shares in the last quarter. CVA Family Office LLC purchased a new stake in Rogers Communications in the 4th quarter valued at $51,000. EverSource Wealth Advisors LLC grew its holdings in Rogers Communications by 106.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,445 shares of the Wireless communications provider's stock valued at $68,000 after buying an additional 745 shares in the last quarter. Finally, Tacita Capital Inc grew its holdings in Rogers Communications by 35.6% in the 3rd quarter. Tacita Capital Inc now owns 2,935 shares of the Wireless communications provider's stock valued at $113,000 after buying an additional 770 shares in the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. StockNews.com lowered Rogers Communications from a "hold" rating to a "sell" rating in a research note on Thursday, May 30th. Barclays decreased their target price on Rogers Communications from $52.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

Rogers Communications Stock Down 1.1 %

RCI stock traded down $0.42 during mid-day trading on Thursday, reaching $39.58. The company had a trading volume of 1,461,558 shares, compared to its average volume of 696,374. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.72 and a current ratio of 0.77. The company has a market capitalization of $20.98 billion, a price-to-earnings ratio of 49.48, a price-to-earnings-growth ratio of 1.07 and a beta of 0.68. The firm has a fifty day simple moving average of $39.14 and a 200 day simple moving average of $43.09. Rogers Communications Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $48.19.

Rogers Communications (NYSE:RCI - Get Free Report) TSE: RCI.B last released its quarterly earnings data on Wednesday, April 24th. The Wireless communications provider reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.01. Rogers Communications had a return on equity of 21.92% and a net margin of 2.90%. The business had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Analysts forecast that Rogers Communications Inc. will post 3.64 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 10th will be issued a $0.3658 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.70%. Rogers Communications's payout ratio is currently 181.25%.

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.