Wells Fargo & Company MN grew its position in Rogers Communications (NYSE:RCI) (TSE:RCI.B) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,248 shares of the Wireless communications provider’s stock after acquiring an additional 1,141 shares during the period. Wells Fargo & Company MN’s holdings in Rogers Communications were worth $776,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in RCI. CIBC Asset Management Inc boosted its holdings in shares of Rogers Communications by 2.2% during the 4th quarter. CIBC Asset Management Inc now owns 3,799,249 shares of the Wireless communications provider’s stock worth $194,400,000 after buying an additional 82,518 shares during the period. First Trust Advisors LP boosted its holdings in shares of Rogers Communications by 17.1% during the 4th quarter. First Trust Advisors LP now owns 317,432 shares of the Wireless communications provider’s stock worth $16,167,000 after buying an additional 46,308 shares during the period. Aperio Group LLC boosted its holdings in shares of Rogers Communications by 5.3% during the 4th quarter. Aperio Group LLC now owns 182,009 shares of the Wireless communications provider’s stock worth $9,270,000 after buying an additional 9,087 shares during the period. USS Investment Management Ltd bought a new stake in shares of Rogers Communications during the 4th quarter worth about $130,443,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Rogers Communications by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 182,150 shares of the Wireless communications provider’s stock worth $9,388,000 after buying an additional 5,774 shares during the period. 47.57% of the stock is owned by institutional investors.

Shares of RCI stock opened at $47.27 on Friday. The stock has a market cap of $24,309.42, a P/E ratio of 17.45, a P/E/G ratio of 2.97 and a beta of 0.84. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.85. Rogers Communications has a 52 week low of $43.11 and a 52 week high of $54.95.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Rogers Communications had a net margin of 12.73% and a return on equity of 30.77%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue was up 3.5% on a year-over-year basis. research analysts forecast that Rogers Communications will post 3.19 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 11th will be paid a $0.3821 dividend. This represents a $1.53 annualized dividend and a yield of 3.23%. The ex-dividend date is Friday, June 8th. Rogers Communications’s dividend payout ratio (DPR) is 57.56%.

RCI has been the subject of several research analyst reports. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. National Bank Financial downgraded shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a report on Friday, January 26th. Finally, Barclays reaffirmed a “hold” rating and set a $55.00 target price on shares of Rogers Communications in a report on Friday, January 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $61.67.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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

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