Columbia Asset Management lowered its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 32.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,170 shares of the Wireless communications provider’s stock after selling 3,425 shares during the period. Columbia Asset Management’s holdings in Rogers Communication were worth $370,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. NGAM Advisors L.P. boosted its holdings in Rogers Communication by 0.3% in the second quarter. NGAM Advisors L.P. now owns 25,788 shares of the Wireless communications provider’s stock valued at $1,217,000 after acquiring an additional 81 shares in the last quarter. Creative Planning boosted its holdings in Rogers Communication by 7.8% in the second quarter. Creative Planning now owns 2,391 shares of the Wireless communications provider’s stock valued at $113,000 after acquiring an additional 173 shares in the last quarter. AXA boosted its holdings in Rogers Communication by 1.8% in the second quarter. AXA now owns 27,848 shares of the Wireless communications provider’s stock valued at $1,315,000 after acquiring an additional 500 shares in the last quarter. US Bancorp DE boosted its holdings in Rogers Communication by 14.6% in the second quarter. US Bancorp DE now owns 3,930 shares of the Wireless communications provider’s stock valued at $185,000 after acquiring an additional 501 shares in the last quarter. Finally, Everett Harris & Co. CA boosted its holdings in Rogers Communication by 1.8% in the second quarter. Everett Harris & Co. CA now owns 31,845 shares of the Wireless communications provider’s stock valued at $1,503,000 after acquiring an additional 565 shares in the last quarter. Institutional investors and hedge funds own 47.31% of the company’s stock.

Shares of Rogers Communication, Inc. (NYSE:RCI) traded down $0.06 during mid-day trading on Thursday, hitting $52.92. 208,600 shares of the stock were exchanged, compared to its average volume of 308,918. Rogers Communication, Inc. has a 1 year low of $37.81 and a 1 year high of $54.24. The company has a market cap of $27,274.63, a PE ratio of 20.94, a PEG ratio of 3.90 and a beta of 0.93. The company has a current ratio of 0.41, a quick ratio of 0.38 and a debt-to-equity ratio of 2.01.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.19). The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. Rogers Communication’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. equities research analysts expect that Rogers Communication, Inc. will post 2.72 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Friday, December 8th. Rogers Communication’s dividend payout ratio is presently 81.48%.

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A number of analysts have recently commented on RCI shares. Zacks Investment Research upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Tuesday, October 24th. TheStreet upgraded shares of Rogers Communication from a “c+” rating to a “b” rating in a report on Thursday, October 19th. Morgan Stanley boosted their target price on shares of Rogers Communication from $63.00 to $67.00 and gave the company an “equal weight” rating in a report on Friday, August 25th. Finally, Barclays PLC boosted their target price on shares of Rogers Communication from $56.00 to $58.00 and gave the company an “equal weight” rating in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $61.00.

Rogers Communication Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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Institutional Ownership by Quarter for Rogers Communication (NYSE:RCI)

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