Everett Harris & Co. CA grew its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 11.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 20,770 shares of the Wireless communications provider’s stock after acquiring an additional 2,050 shares during the quarter. Everett Harris & Co. CA’s holdings in Rogers Communications were worth $835,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. 1832 Asset Management L.P. boosted its stake in shares of Rogers Communications by 4.0% during the 1st quarter. 1832 Asset Management L.P. now owns 6,124,477 shares of the Wireless communications provider’s stock worth $250,366,000 after acquiring an additional 236,177 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Rogers Communications by 30.3% during the first quarter. The Manufacturers Life Insurance Company now owns 5,867,185 shares of the Wireless communications provider’s stock worth $242,132,000 after acquiring an additional 1,364,242 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Rogers Communications by 8.6% during the second quarter. CIBC Asset Management Inc now owns 4,089,586 shares of the Wireless communications provider’s stock valued at $163,812,000 after acquiring an additional 322,311 shares during the period. APG Asset Management N.V. boosted its holdings in Rogers Communications by 141.4% in the first quarter. APG Asset Management N.V. now owns 3,894,770 shares of the Wireless communications provider’s stock valued at $186,605,000 after acquiring an additional 2,281,653 shares during the last quarter. Finally, CIBC World Markets Inc. increased its position in Rogers Communications by 3.5% in the first quarter. CIBC World Markets Inc. now owns 3,802,834 shares of the Wireless communications provider’s stock worth $157,932,000 after purchasing an additional 127,204 shares during the period. 43.27% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on RCI shares. Royal Bank of Canada lowered their price target on shares of Rogers Communications from $64.00 to $63.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. BMO Capital Markets lowered their target price on shares of Rogers Communications from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Thursday, July 23rd. Scotiabank reduced their price target on Rogers Communications from $64.00 to $62.00 and set an “outperform” rating on the stock in a research report on Thursday, July 23rd. Veritas Investment Research raised Rogers Communications from a “sell” rating to a “buy” rating in a research note on Thursday, July 23rd. Finally, TD Securities dropped their price objective on Rogers Communications from $76.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, July 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Rogers Communications currently has an average rating of “Buy” and an average price target of $62.00.

NYSE:RCI opened at $40.84 on Friday. Rogers Communications Inc. has a 12-month low of $32.20 and a 12-month high of $52.90. The firm has a market cap of $20.78 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 4.22 and a beta of 0.49. The company has a current ratio of 1.03, a quick ratio of 0.97 and a debt-to-equity ratio of 1.92. The stock has a fifty day moving average price of $41.02 and a 200 day moving average price of $43.50.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.01. Rogers Communications had a return on equity of 18.57% and a net margin of 11.89%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.40 billion. Equities analysts forecast that Rogers Communications Inc. will post 2.25 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Wednesday, September 9th will be given a $0.3717 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Tuesday, September 8th. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.35. Rogers Communications’s dividend payout ratio is currently 46.33%.

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 Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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

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