Assenagon Asset Management S.A. Sells 435 Shares of Rogers Communications Inc. (NYSE:RCI)

Assenagon Asset Management S.A. trimmed its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 7.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,417 shares of the Wireless communications provider’s stock after selling 435 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Rogers Communications were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in RCI. EverSource Wealth Advisors LLC grew its stake in Rogers Communications by 62.8% during the third quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock worth $27,000 after buying an additional 270 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in shares of Rogers Communications during the third quarter valued at approximately $29,000. CVA Family Office LLC bought a new stake in shares of Rogers Communications during the fourth quarter valued at approximately $51,000. Macquarie Group Ltd. bought a new stake in shares of Rogers Communications during the first quarter valued at approximately $82,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Rogers Communications by 26.7% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 371 shares during the last quarter. 45.49% of the stock is owned by institutional investors.

Rogers Communications Price Performance

Shares of RCI stock opened at $39.68 on Tuesday. Rogers Communications Inc. has a 52-week low of $36.55 and a 52-week high of $50.00. The stock has a market cap of $20.97 billion, a PE ratio of 33.07, a PEG ratio of 1.69 and a beta of 0.59. The company has a debt-to-equity ratio of 3.81, a quick ratio of 0.84 and a current ratio of 0.89. The firm’s 50 day moving average price is $43.78 and its two-hundred day moving average price is $43.17.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Rogers Communications had a net margin of 4.38% and a return on equity of 22.17%. The firm had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.99 billion. As a group, analysts forecast that Rogers Communications Inc. will post 3.62 EPS for the current year.

Rogers Communications Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were paid a $0.3742 dividend. The ex-dividend date was Friday, March 8th. This is a boost from Rogers Communications’s previous quarterly dividend of $0.36. This represents a $1.50 dividend on an annualized basis and a yield of 3.77%. Rogers Communications’s dividend payout ratio (DPR) is presently 122.50%.

Analyst Ratings Changes

Several analysts have recently commented on RCI shares. Barclays decreased their price target on shares of Rogers Communications from $55.00 to $52.00 and set an “overweight” rating on the stock in a research note on Monday, February 12th. StockNews.com cut shares of Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.00.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.