Bollard Group LLC boosted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 12.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 78,428 shares of the Wireless communications provider’s stock after purchasing an additional 8,905 shares during the period. Bollard Group LLC’s holdings in Rogers Communications were worth $4,020,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Wetherby Asset Management Inc. grew its position in Rogers Communications by 6.3% during the 4th quarter. Wetherby Asset Management Inc. now owns 5,512 shares of the Wireless communications provider’s stock worth $283,000 after purchasing an additional 327 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its position in Rogers Communications by 2.3% during the 4th quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 24,349 shares of the Wireless communications provider’s stock worth $1,237,000 after purchasing an additional 557 shares in the last quarter. Fosun International Ltd grew its position in Rogers Communications by 15.4% during the 4th quarter. Fosun International Ltd now owns 5,540 shares of the Wireless communications provider’s stock worth $502,000 after purchasing an additional 740 shares in the last quarter. We Are One Seven LLC purchased a new position in Rogers Communications during the 4th quarter worth approximately $37,000. Finally, M&T Bank Corp grew its position in Rogers Communications by 2.5% during the 4th quarter. M&T Bank Corp now owns 41,776 shares of the Wireless communications provider’s stock worth $2,142,000 after purchasing an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 44.59% of the company’s stock.

Rogers Communications stock opened at $54.23 on Monday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.65 and a current ratio of 0.72. Rogers Communications Inc. has a 12 month low of $43.11 and a 12 month high of $55.21. The firm has a market cap of $27.92 billion, a PE ratio of 16.19, a P/E/G ratio of 3.06 and a beta of 0.65.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, January 24th. The Wireless communications provider reported $1.13 EPS 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 business had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $3.87 billion. During the same period in the previous year, the company posted $0.88 EPS. Rogers Communications’s revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Rogers Communications Inc. will post 3.55 earnings per share for the current fiscal year.

The business also recently declared 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. This is a boost from Rogers Communications’s previous quarterly dividend of $0.37. This represents a $1.50 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Monday, March 11th. Rogers Communications’s payout ratio is currently 42.99%.

Several equities analysts have weighed in on RCI shares. ValuEngine upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, January 28th. Echelon Wealth Partners restated a “buy” rating on shares of Rogers Communications in a report on Friday, January 25th. TD Securities cut shares of Rogers Communications to a “buy” rating in a report on Wednesday, February 6th. Finally, 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 report on Thursday, November 29th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rogers Communications presently has a consensus rating of “Buy” and an average price target of $54.68.

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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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