William Blair Investment Management LLC cut its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,358,000 shares of the Wireless communications provider’s stock after selling 71,600 shares during the period. William Blair Investment Management LLC owned 0.46% of Rogers Communications worth $120,440,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in Rogers Communications by 53.7% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 25,750 shares of the Wireless communications provider’s stock valued at $1,316,000 after purchasing an additional 9,000 shares in the last quarter. Glenmede Trust Co. NA lifted its holdings in Rogers Communications by 4,481.4% during the fourth quarter. Glenmede Trust Co. NA now owns 10,858 shares of the Wireless communications provider’s stock valued at $552,000 after purchasing an additional 10,621 shares in the last quarter. Verition Fund Management LLC lifted its holdings in Rogers Communications by 51.1% during the fourth quarter. Verition Fund Management LLC now owns 8,647 shares of the Wireless communications provider’s stock valued at $440,000 after purchasing an additional 2,924 shares in the last quarter. Clark Capital Management Group Inc. purchased a new position in Rogers Communications during the fourth quarter valued at $9,885,000. Finally, Crestline Management LP purchased a new position in Rogers Communications during the fourth quarter valued at $2,060,000. 47.75% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities analysts have issued reports on the stock. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Zacks Investment Research upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a research report on Monday, January 29th. National Bank Financial cut shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. Finally, Barclays reiterated a “hold” rating and issued a $55.00 target price on shares of Rogers Communications in a research report on Friday, January 26th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Rogers Communications currently has a consensus rating of “Buy” and an average price target of $62.75.

Shares of Rogers Communications stock opened at $45.23 on Thursday. The company has a market cap of $23,079.02, a PE ratio of 16.60, a PEG ratio of 2.86 and a beta of 0.90. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.44 and a quick ratio of 0.39. Rogers Communications Inc. has a 12-month low of $41.83 and a 12-month high of $54.95.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.74 earnings per share. sell-side analysts anticipate that Rogers Communications Inc. will post 3.13 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be given a $0.3843 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date is Friday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is 60.94%.

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About Rogers Communications

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.

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

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