Rogers Communications Inc. (NYSE:RCI) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lessened its stake in Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,874 shares of the Wireless communications provider's stock after selling 28,798 shares during the period. United Capital Financial Advisors LLC's holdings in Rogers Communications were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in RCI. APG Asset Management N.V. purchased a new stake in Rogers Communications during the 4th quarter valued at approximately $3,303,000. FIL Ltd lifted its stake in shares of Rogers Communications by 7.2% in the 4th quarter. FIL Ltd now owns 33,450,577 shares of the Wireless communications provider's stock worth $1,028,336,000 after acquiring an additional 2,244,240 shares during the period. Avanza Fonder AB purchased a new stake in shares of Rogers Communications in the fourth quarter valued at about $718,000. Northwest & Ethical Investments L.P. increased its stake in shares of Rogers Communications by 180.9% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 344,131 shares of the Wireless communications provider's stock worth $10,560,000 after acquiring an additional 221,628 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Rogers Communications by 57.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 210,133 shares of the Wireless communications provider's stock worth $6,457,000 after purchasing an additional 76,373 shares in the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Stock Performance

Shares of RCI opened at $25.90 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. The company has a 50-day moving average of $26.95 and a two-hundred day moving average of $31.20. Rogers Communications Inc. has a 12-month low of $23.18 and a 12-month high of $41.84. The stock has a market cap of $13.88 billion, a P/E ratio of 11.16, a PEG ratio of 1.43 and a beta of 0.67.

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, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. As a group, research analysts predict that Rogers Communications Inc. will post 3.57 EPS 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 issued a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a dividend yield of 5.36%. The ex-dividend date was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is 59.48%.

Analyst Ratings Changes

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

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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