M&T Bank Corp boosted its holdings in shares of Rogers Communication, Inc. (NYSE:RCI – Free Report) (TSE:RCI.B) by 10.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,739 shares of the Wireless communications provider’s stock after buying an additional 1,846 shares during the period. M&T Bank Corp’s holdings in Rogers Communication were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of RCI. Versant Capital Management Inc acquired a new position in Rogers Communication in the 1st quarter worth about $79,000. TD Private Client Wealth LLC increased its position in Rogers Communication by 263.1% in the 1st quarter. TD Private Client Wealth LLC now owns 5,131 shares of the Wireless communications provider’s stock worth $137,000 after purchasing an additional 3,718 shares during the last quarter. Headlands Technologies LLC increased its position in Rogers Communication by 274.2% in the 4th quarter. Headlands Technologies LLC now owns 5,306 shares of the Wireless communications provider’s stock worth $163,000 after purchasing an additional 3,888 shares during the last quarter. Prudential PLC increased its position in Rogers Communication by 21.6% in the 4th quarter. Prudential PLC now owns 8,734 shares of the Wireless communications provider’s stock worth $268,000 after purchasing an additional 1,552 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in Rogers Communication in the 1st quarter worth about $273,000. 45.49% of the stock is owned by institutional investors and hedge funds.
Rogers Communication Price Performance
Shares of NYSE:RCI opened at $33.66 on Thursday. The business has a 50 day moving average price of $28.24 and a 200 day moving average price of $27.69. The company has a quick ratio of 0.94, a current ratio of 1.00 and a debt-to-equity ratio of 3.97. Rogers Communication, Inc. has a twelve month low of $23.18 and a twelve month high of $41.84. The company has a market cap of $18.11 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 1.85 and a beta of 0.76.
Rogers Communication Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Monday, June 9th were given a $0.3611 dividend. The ex-dividend date of this dividend was Monday, June 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.29%. This is an increase from Rogers Communication’s previous quarterly dividend of $0.35. Rogers Communication’s dividend payout ratio (DPR) is currently 62.66%.
Analyst Upgrades and Downgrades
RCI has been the topic of several research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Rogers Communication in a research report on Wednesday, July 2nd. Canaccord Genuity Group raised Rogers Communication from a “hold” rating to a “buy” rating in a report on Friday, April 4th. Finally, Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $67.00.
Read Our Latest Stock Analysis on Rogers Communication
Rogers Communication 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.
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