50,447 Shares in Rogers Communication, Inc. $RCI Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. purchased a new stake in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,447 shares of the Wireless communications provider’s stock, valued at approximately $1,737,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Picton Mahoney Asset Management acquired a new position in shares of Rogers Communication in the 2nd quarter valued at $78,714,000. Bank of America Corp DE raised its stake in shares of Rogers Communication by 67.8% in the third quarter. Bank of America Corp DE now owns 4,866,999 shares of the Wireless communications provider’s stock worth $167,765,000 after purchasing an additional 1,966,476 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Rogers Communication by 261.2% during the third quarter. CIBC Asset Management Inc now owns 2,102,076 shares of the Wireless communications provider’s stock worth $72,280,000 after purchasing an additional 1,520,062 shares during the period. Caisse de depot et placement du Quebec acquired a new stake in shares of Rogers Communication during the third quarter worth about $47,082,000. Finally, TD Asset Management Inc boosted its position in Rogers Communication by 18.0% in the third quarter. TD Asset Management Inc now owns 8,344,925 shares of the Wireless communications provider’s stock valued at $287,340,000 after buying an additional 1,272,065 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Rogers Communication Stock Performance

Shares of Rogers Communication stock opened at $39.02 on Thursday. The business’s 50 day moving average price is $38.02 and its 200 day moving average price is $37.37. The company has a market cap of $21.08 billion, a price-to-earnings ratio of 4.22, a PEG ratio of 5.22 and a beta of 0.74. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.57 and a current ratio of 0.61. Rogers Communication, Inc. has a one year low of $23.18 and a one year high of $41.14.

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

Rogers Communication Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date is Tuesday, March 10th. Rogers Communication’s dividend payout ratio is 15.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on RCI shares. TD Securities reiterated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Barclays reiterated a “positive” rating and set a $37.00 price target on shares of Rogers Communication in a research report on Tuesday, January 27th. Scotiabank restated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Rogers Communication in a report on Tuesday, January 13th. Finally, Desjardins downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Wednesday, December 10th. Five 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’s stock. According to data from MarketBeat, the stock 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.