TD Private Client Wealth LLC Increases Stock Holdings in Rogers Communication, Inc. $RCI

TD Private Client Wealth LLC raised its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,461 shares of the Wireless communications provider’s stock after acquiring an additional 330 shares during the period. TD Private Client Wealth LLC’s holdings in Rogers Communication were worth $162,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its stake in shares of Rogers Communication by 95.6% during the fourth quarter. Wellington Management Group LLP now owns 43,424 shares of the Wireless communications provider’s stock worth $1,334,000 after purchasing an additional 21,226 shares in the last quarter. Versant Capital Management Inc acquired a new position in shares of Rogers Communication during the first quarter worth about $79,000. Investors Research Corp lifted its stake in shares of Rogers Communication by 24.9% during the first quarter. Investors Research Corp now owns 14,925 shares of the Wireless communications provider’s stock worth $399,000 after purchasing an additional 2,980 shares in the last quarter. JTC Employer Solutions Trustee Ltd lifted its stake in shares of Rogers Communication by 1.2% during the first quarter. JTC Employer Solutions Trustee Ltd now owns 102,545 shares of the Wireless communications provider’s stock worth $2,755,000 after purchasing an additional 1,180 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in shares of Rogers Communication by 83.1% during the first quarter. Vest Financial LLC now owns 45,097 shares of the Wireless communications provider’s stock worth $1,205,000 after purchasing an additional 20,474 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communication Stock Up 1.7%

Shares of RCI opened at $35.69 on Monday. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.36 and a beta of 0.79. The company has a quick ratio of 1.64, a current ratio of 1.70 and a debt-to-equity ratio of 2.23. Rogers Communication, Inc. has a 12 month low of $23.18 and a 12 month high of $40.40. The company has a 50-day moving average price of $34.93 and a two-hundred day moving average price of $29.98.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Wednesday, July 23rd. The Wireless communications provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. Rogers Communication had a net margin of 7.33% and a return on equity of 21.59%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $5.12 billion. During the same quarter in the previous year, the company posted $1.16 earnings per share. Rogers Communication’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict 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. Investors of record on Monday, September 8th will be issued a $0.3672 dividend. This is an increase from Rogers Communication’s previous quarterly dividend of $0.36. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, September 8th. Rogers Communication’s dividend payout ratio (DPR) is 72.64%.

Analysts Set New Price Targets

Several research firms recently commented on RCI. BMO Capital Markets reiterated an “outperform” rating on shares of Rogers Communication in a research note on Wednesday, July 2nd. Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research note on Tuesday, July 15th. Finally, Barclays boosted their price target on Rogers Communication from $31.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

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.