TD Asset Management Inc. boosted its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,979,607 shares of the Wireless communications provider’s stock after buying an additional 339,640 shares during the quarter. Rogers Communications comprises approximately 1.0% of TD Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding. TD Asset Management Inc.’s holdings in Rogers Communications were worth $696,285,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in RCI. Signaturefd LLC boosted its stake in Rogers Communications by 34.2% during the 1st quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock valued at $96,000 after purchasing an additional 454 shares in the last quarter. Exane Derivatives boosted its stake in Rogers Communications by 107.0% during the 1st quarter. Exane Derivatives now owns 2,070 shares of the Wireless communications provider’s stock valued at $111,000 after purchasing an additional 1,070 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Rogers Communications by 26.5% during the 1st quarter. Quadrant Capital Group LLC now owns 2,163 shares of the Wireless communications provider’s stock valued at $111,000 after purchasing an additional 453 shares in the last quarter. Sound View Wealth Advisors LLC bought a new position in Rogers Communications during the 1st quarter valued at $202,000. Finally, Qtron Investments LLC bought a new position in Rogers Communications during the 1st quarter valued at $238,000. Hedge funds and other institutional investors own 44.65% of the company’s stock.

NYSE RCI traded up $0.18 during trading on Tuesday, reaching $51.69. 12,877 shares of the company traded hands, compared to its average volume of 341,251. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.79. The stock has a 50 day moving average price of $53.12. The firm has a market capitalization of $26.61 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. Rogers Communications Inc. has a 1-year low of $48.67 and a 1-year high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $3.87 billion. Rogers Communications had a net margin of 13.79% and a return on equity of 26.66%. The firm’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 earnings per share. Equities research analysts forecast that Rogers Communications Inc. will post 3.41 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be issued a dividend of $0.3732 per share. This represents a $1.49 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Friday, September 6th. Rogers Communications’s payout ratio is 44.18%.

A number of equities analysts have issued reports on RCI shares. Echelon Wealth Partners raised Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. lowered Rogers Communications from a “neutral” rating to an “underweight” rating in a research note on Monday, July 8th. Scotiabank downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 22nd. Royal Bank of Canada reissued a “hold” rating on shares of Rogers Communications in a research report on Monday, April 22nd. Finally, Howard Weil downgraded Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $60.18.

Rogers Communications Company 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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