Wellington Management Group LLP Boosts Holdings in Rogers Communications Inc. (NYSE:RCI)

Wellington Management Group LLP boosted its stake in shares of Rogers Communications Inc. (NYSE:RCI - Free Report) TSE: RCI.B by 95.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 43,424 shares of the Wireless communications provider's stock after purchasing an additional 21,226 shares during the period. Wellington Management Group LLP's holdings in Rogers Communications were worth $1,334,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of RCI. Arrowstreet Capital Limited Partnership increased its holdings in Rogers Communications by 123.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,727,400 shares of the Wireless communications provider's stock valued at $206,565,000 after buying an additional 3,717,487 shares in the last quarter. Hillsdale Investment Management Inc. raised its holdings in Rogers Communications by 5,526.8% in the 4th quarter. Hillsdale Investment Management Inc. now owns 591,944 shares of the Wireless communications provider's stock worth $18,177,000 after purchasing an additional 581,424 shares during the period. QV Investors Inc. purchased a new position in Rogers Communications during the fourth quarter worth approximately $12,650,000. Assenagon Asset Management S.A. acquired a new stake in Rogers Communications in the fourth quarter valued at approximately $12,019,000. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of Rogers Communications by 24.1% during the 4th quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,443,877 shares of the Wireless communications provider's stock worth $44,330,000 after buying an additional 280,779 shares during the period. Hedge funds and other institutional investors own 45.49% of the company's stock.

Rogers Communications Trading Up 3.2 %

Shares of RCI stock traded up $0.81 on Friday, hitting $25.90. 1,035,924 shares of the stock traded hands, compared to its average volume of 1,018,305. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications Inc. has a twelve month low of $23.18 and a twelve month high of $41.84. The firm's 50-day moving average price is $26.95 and its two-hundred day moving average price is $31.20. The stock has a market capitalization of $13.88 billion, a PE 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 announced its quarterly earnings results 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%. As a group, analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a dividend of $0.347 per share. This represents a $1.39 annualized dividend and a yield of 5.36%. The ex-dividend date of this dividend was Monday, March 10th. Rogers Communications's dividend payout ratio (DPR) is presently 59.48%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RCI. Scotiabank cut shares of Rogers Communications from a "sector outperform" rating to a "sector perform" rating in a research report on Tuesday, April 1st. Canaccord Genuity Group upgraded Rogers Communications from a "hold" rating to a "buy" rating in a report on Friday, April 4th. Bank of America downgraded Rogers Communications from a "buy" rating to a "neutral" rating in a research report on Tuesday, January 14th. Finally, Barclays restated an "equal weight" rating on shares of Rogers Communications in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned 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 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.