Rogers Communication, Inc. (RCI) Stake Maintained by Yorktown Management & Research Co Inc
Yorktown Management & Research Co Inc held its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,300 shares of the Wireless communications provider’s stock at the close of the 2nd quarter. Yorktown Management & Research Co Inc’s holdings in Rogers Communication were worth $345,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of the company. Bridgewater Associates LP bought a new stake in shares of Rogers Communication in the 2nd quarter valued at about $3,424,000. AJO LP raised its holdings in shares of Rogers Communication by 23.4% in the 2nd quarter. AJO LP now owns 104,695 shares of the Wireless communications provider’s stock valued at $4,943,000 after purchasing an additional 19,840 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Rogers Communication by 1.2% in the 2nd quarter. Alliancebernstein L.P. now owns 298,737 shares of the Wireless communications provider’s stock valued at $14,103,000 after purchasing an additional 3,499 shares in the last quarter. AXA raised its holdings in shares of Rogers Communication by 1.8% in the 2nd quarter. AXA now owns 27,848 shares of the Wireless communications provider’s stock valued at $1,315,000 after purchasing an additional 500 shares in the last quarter. Finally, Schroder Investment Management Group bought a new stake in shares of Rogers Communication in the 2nd quarter valued at about $1,464,000. Institutional investors and hedge funds own 47.55% of the company’s stock.
Shares of Rogers Communication, Inc. (RCI) traded up 0.35% on Friday, hitting $51.76. 323,055 shares of the stock were exchanged. Rogers Communication, Inc. has a 52-week low of $37.03 and a 52-week high of $53.55. The company’s 50 day moving average is $51.69 and its 200-day moving average is $47.36. The stock has a market cap of $26.65 billion, a PE ratio of 32.66 and a beta of 0.86.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, July 20th. The Wireless communications provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $3.59 billion for the quarter, compared to the consensus estimate of $3.59 billion. Rogers Communication had a net margin of 7.42% and a return on equity of 28.90%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Analysts predict that Rogers Communication, Inc. will post $2.82 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, September 14th. Rogers Communication’s dividend payout ratio (DPR) is currently 102.03%.
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RCI has been the subject of several recent research reports. BidaskClub upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Morgan Stanley boosted their price target 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, Zacks Investment Research lowered shares of Rogers Communication from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $56.43.
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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