Signaturefd LLC Has $282,000 Holdings in Rogers Communications Inc. (NYSE:RCI)

Signaturefd LLC lifted its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 26.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,024 shares of the Wireless communications provider’s stock after acquiring an additional 1,253 shares during the period. Signaturefd LLC’s holdings in Rogers Communications were worth $282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Orion Portfolio Solutions LLC grew its stake in shares of Rogers Communications by 317.7% in the third quarter. Orion Portfolio Solutions LLC now owns 33,877 shares of the Wireless communications provider’s stock valued at $1,301,000 after acquiring an additional 25,766 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Rogers Communications by 101.8% in the third quarter. Qube Research & Technologies Ltd now owns 131,276 shares of the Wireless communications provider’s stock valued at $5,040,000 after acquiring an additional 66,231 shares in the last quarter. Invesco Ltd. grew its stake in Rogers Communications by 13.7% during the third quarter. Invesco Ltd. now owns 200,294 shares of the Wireless communications provider’s stock worth $7,689,000 after buying an additional 24,178 shares in the last quarter. Scotia Capital Inc. grew its stake in Rogers Communications by 9.3% during the third quarter. Scotia Capital Inc. now owns 2,625,594 shares of the Wireless communications provider’s stock worth $100,617,000 after buying an additional 224,293 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in Rogers Communications by 32.0% during the third quarter. Canada Pension Plan Investment Board now owns 2,101,225 shares of the Wireless communications provider’s stock worth $81,049,000 after buying an additional 508,900 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Rogers Communications Trading Down 0.2 %

RCI opened at $37.95 on Friday. The company’s 50 day moving average is $41.67 and its 200-day moving average is $43.12. Rogers Communications Inc. has a 1-year low of $36.55 and a 1-year high of $50.00. The company has a current ratio of 0.89, a quick ratio of 0.84 and a debt-to-equity ratio of 3.81. The company has a market cap of $20.06 billion, a P/E ratio of 47.44, a PEG ratio of 1.65 and a beta of 0.59.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Wednesday, April 24th. The Wireless communications provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.01. Rogers Communications had a net margin of 2.90% and a return on equity of 21.71%. The company had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.64 billion. Equities research analysts predict that Rogers Communications Inc. will post 3.56 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Monday, June 10th will be paid a $0.3658 dividend. The ex-dividend date is Monday, June 10th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.86%. Rogers Communications’s payout ratio is currently 183.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RCI shares. Barclays reduced their price objective on shares of Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. StockNews.com downgraded shares of Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Rogers Communications currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.

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.