Natixis Advisors L.P. Has $7.70 Million Stake in Rogers Communications Inc. (NYSE:RCI)

Natixis Advisors L.P. lifted its holdings in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 25.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 164,477 shares of the Wireless communications provider’s stock after acquiring an additional 33,100 shares during the period. Natixis Advisors L.P.’s holdings in Rogers Communications were worth $7,699,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RCI. Barclays PLC grew its position in shares of Rogers Communications by 2,701.9% during the 3rd quarter. Barclays PLC now owns 3,292,839 shares of the Wireless communications provider’s stock worth $126,411,000 after buying an additional 3,175,319 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Rogers Communications by 59.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,498,488 shares of the Wireless communications provider’s stock worth $57,382,000 after buying an additional 559,395 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Rogers Communications by 32.0% during the 3rd 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 during the period. Intact Investment Management Inc. grew its position in shares of Rogers Communications by 49.4% during the 3rd quarter. Intact Investment Management Inc. now owns 1,458,301 shares of the Wireless communications provider’s stock worth $55,989,000 after buying an additional 482,390 shares during the period. Finally, Guardian Capital LP grew its position in shares of Rogers Communications by 551.1% during the 3rd quarter. Guardian Capital LP now owns 379,496 shares of the Wireless communications provider’s stock worth $14,638,000 after buying an additional 321,214 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Stock Up 1.1 %

Rogers Communications stock opened at $39.33 on Friday. The company’s 50 day simple moving average is $40.53 and its 200 day simple moving average is $43.13. Rogers Communications Inc. has a fifty-two week low of $36.55 and a fifty-two week high of $49.56. The firm has a market capitalization of $20.79 billion, a price-to-earnings ratio of 49.16, a PEG ratio of 1.02 and a beta of 0.63. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.77 and a quick ratio of 0.72.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced 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 21.92%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.64 billion. As a group, sell-side analysts anticipate that Rogers Communications Inc. will post 3.64 EPS for the current year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 10th will be paid a $0.3658 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Monday, June 10th. Rogers Communications’s payout ratio is currently 183.75%.

Analyst Upgrades and Downgrades

RCI has been the topic of several recent analyst reports. 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 lowered shares of Rogers Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Rogers Communications has an average rating of “Moderate Buy” and an average price target of $46.00.

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 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.