Gamco Investors INC. ET AL decreased its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 529,434 shares of the Wireless communications provider’s stock after selling 7,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Rogers Communications were worth $27,139,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of RCI. Wetherby Asset Management Inc. boosted its position in Rogers Communications by 6.3% during the fourth quarter. Wetherby Asset Management Inc. now owns 5,512 shares of the Wireless communications provider’s stock valued at $283,000 after acquiring an additional 327 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Rogers Communications by 2.3% during the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 24,349 shares of the Wireless communications provider’s stock valued at $1,237,000 after acquiring an additional 557 shares during the last quarter. We Are One Seven LLC bought a new stake in Rogers Communications during the fourth quarter valued at $37,000. Quadrant Capital Group LLC boosted its position in Rogers Communications by 157.9% during the fourth quarter. Quadrant Capital Group LLC now owns 1,710 shares of the Wireless communications provider’s stock valued at $81,000 after acquiring an additional 1,047 shares during the last quarter. Finally, Highstreet Asset Management Inc. boosted its position in Rogers Communications by 6.6% during the third quarter. Highstreet Asset Management Inc. now owns 19,949 shares of the Wireless communications provider’s stock valued at $1,026,000 after acquiring an additional 1,242 shares during the last quarter. 44.76% of the stock is currently owned by institutional investors.

A number of analysts have commented on the stock. Echelon Wealth Partners reaffirmed a “buy” rating on shares of Rogers Communications in a research report on Friday, January 25th. Zacks Investment Research cut shares of Rogers Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Macquarie cut shares of Rogers Communications from an “outperform” rating to a “neutral” rating and set a $53.06 price target on the stock. in a research report on Friday, January 25th. Edward Jones cut shares of Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 price target on the stock. in a research report on Thursday, November 29th. Finally, National Bank Financial raised shares of Rogers Communications from a “sector perform market weight” rating to an “outperform” rating in a research report on Thursday, January 3rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Rogers Communications currently has a consensus rating of “Hold” and an average target price of $54.43.

Shares of NYSE RCI opened at $54.46 on Friday. Rogers Communications Inc. has a 1-year low of $43.11 and a 1-year high of $55.17. The stock has a market cap of $27.84 billion, a PE ratio of 16.26, a P/E/G ratio of 3.06 and a beta of 0.65. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.64.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, January 24th. The Wireless communications provider reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.32. Rogers Communications had a net margin of 13.63% and a return on equity of 29.05%. The firm had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.87 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Rogers Communications Inc. will post 3.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Tuesday, March 12th will be issued a dividend of $0.3762 per share. The ex-dividend date is Monday, March 11th. This represents a $1.50 annualized dividend and a dividend yield of 2.76%. This is a positive change from Rogers Communications’s previous quarterly dividend of $0.37. Rogers Communications’s dividend payout ratio is currently 42.99%.

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Rogers Communications Profile

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.

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

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