American Century Companies Inc. Has $2.19 Million Stake in Rogers Communication, Inc. $RCI

American Century Companies Inc. raised its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 4.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,005 shares of the Wireless communications provider’s stock after buying an additional 3,697 shares during the quarter. American Century Companies Inc.’s holdings in Rogers Communication were worth $2,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of RCI. Value Partners Investments Inc. increased its holdings in shares of Rogers Communication by 1,252.8% in the first quarter. Value Partners Investments Inc. now owns 2,312,136 shares of the Wireless communications provider’s stock worth $61,808,000 after acquiring an additional 2,141,227 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Rogers Communication by 380.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,348,091 shares of the Wireless communications provider’s stock worth $62,717,000 after acquiring an additional 1,859,288 shares in the last quarter. Intact Investment Management Inc. increased its holdings in shares of Rogers Communication by 55.7% in the first quarter. Intact Investment Management Inc. now owns 2,913,921 shares of the Wireless communications provider’s stock worth $77,827,000 after acquiring an additional 1,042,690 shares in the last quarter. Letko Brosseau & Associates Inc. increased its holdings in shares of Rogers Communication by 23.5% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 5,210,380 shares of the Wireless communications provider’s stock worth $160,094,000 after acquiring an additional 992,780 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Rogers Communication by 333.1% in the first quarter. Invesco Ltd. now owns 613,588 shares of the Wireless communications provider’s stock worth $16,401,000 after acquiring an additional 471,930 shares in the last quarter. 45.49% of the stock is currently owned by institutional investors.

Rogers Communication Stock Up 0.4%

RCI stock opened at $35.86 on Tuesday. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. The business has a 50 day moving average price of $33.47 and a two-hundred day moving average price of $28.98. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 2.33 and a beta of 0.79. Rogers Communication, Inc. has a twelve month low of $23.18 and a twelve month high of $41.84.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $5.12 billion. Rogers Communication had a return on equity of 21.59% and a net margin of 7.33%.The business’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $1.16 earnings per share. Analysts anticipate that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Monday, September 8th will be paid a $0.3672 dividend. This is a positive change from Rogers Communication’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, September 8th. Rogers Communication’s dividend payout ratio is 72.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating on shares of Rogers Communication in a report on Wednesday, July 2nd. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a report on Tuesday, July 15th. Finally, Barclays increased their price target on Rogers Communication from $31.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $59.00.

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.