Rogers Communications Inc. (NYSE:RCI) Stock Holdings Increased by American Century Companies Inc.

American Century Companies Inc. raised its holdings in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,308 shares of the Wireless communications provider’s stock after buying an additional 6,661 shares during the period. American Century Companies Inc.’s holdings in Rogers Communications were worth $2,407,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in RCI. Lindbrook Capital LLC lifted its position in shares of Rogers Communications by 95.1% during the 4th quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 744 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Rogers Communications by 141.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock worth $55,000 after purchasing an additional 1,052 shares during the period. V Square Quantitative Management LLC lifted its holdings in shares of Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 930 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Rogers Communications in the 3rd quarter valued at $206,000. Finally, Tidal Investments LLC purchased a new position in Rogers Communications in the 3rd quarter worth about $248,000. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Stock Performance

Shares of RCI opened at $24.75 on Tuesday. The company has a market capitalization of $13.27 billion, a PE ratio of 10.67, a PEG ratio of 1.43 and a beta of 0.67. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. The company’s 50 day moving average price is $27.64 and its 200 day moving average price is $32.21. Rogers Communications Inc. has a 52 week low of $24.61 and a 52 week high of $41.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a net margin of 8.40% and a return on equity of 25.19%. Research analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th were paid a $0.347 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a yield of 5.61%. Rogers Communications’s dividend payout ratio (DPR) is currently 59.48%.

Analysts Set New Price Targets

Several analysts have issued reports on RCI shares. Morgan Stanley started coverage on Rogers Communications in a report on Monday, December 16th. They set an “underweight” rating on the stock. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a report on Tuesday, April 1st. Bank of America lowered shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Barclays reissued an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Finally, Canaccord Genuity Group raised Rogers Communications from a “hold” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $61.75.

Rogers Communications 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.