First Trust Advisors LP Sells 110,286 Shares of Rogers Communication, Inc. $RCI

First Trust Advisors LP lessened its stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,113,506 shares of the Wireless communications provider’s stock after selling 110,286 shares during the period. First Trust Advisors LP owned 0.58% of Rogers Communication worth $107,317,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Headlands Technologies LLC lifted its stake in shares of Rogers Communication by 143.2% in the second quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after buying an additional 978 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in Rogers Communication by 106.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,951 shares of the Wireless communications provider’s stock valued at $58,000 after buying an additional 1,005 shares during the last quarter. MAI Capital Management raised its holdings in Rogers Communication by 30.5% in the 2nd quarter. MAI Capital Management now owns 1,958 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 458 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Rogers Communication by 52.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 683 shares during the period. Finally, Tobam lifted its position in Rogers Communication by 148.6% during the 2nd quarter. Tobam now owns 4,005 shares of the Wireless communications provider’s stock worth $119,000 after acquiring an additional 2,394 shares during the last quarter. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Stock Down 0.7%

Shares of RCI opened at $40.31 on Monday. The company has a market capitalization of $21.78 billion, a P/E ratio of 4.36, a PEG ratio of 5.32 and a beta of 0.74. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.14. The business’s 50 day simple moving average is $37.73 and its 200-day simple moving average is $37.18.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same period last year, the firm posted $1.46 EPS. The business’s revenue was up 12.6% on a year-over-year basis. As a group, sell-side analysts predict that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.0%. Rogers Communication’s dividend payout ratio (DPR) is 15.46%.

Analyst Upgrades and Downgrades

RCI has been the subject of a number of recent analyst reports. TD Cowen restated a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. TD Securities restated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Barclays reaffirmed a “positive” rating and issued a $37.00 target price on shares of Rogers Communication in a report on Tuesday, January 27th. Finally, Wall Street Zen downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $36.00.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.