27,930 Shares in Rogers Communication, Inc. $RCI Bought by Assetmark Inc.

Assetmark Inc. bought a new position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 27,930 shares of the Wireless communications provider’s stock, valued at approximately $1,054,000.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. increased its position in shares of Rogers Communication by 52.3% during the 2nd quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider’s stock valued at $27,724,000 after purchasing an additional 321,124 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 purchasing an additional 683 shares during the period. Marshall Wace LLP boosted its stake in Rogers Communication by 36.5% in the 2nd quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock worth $1,103,000 after purchasing an additional 9,951 shares during the period. Cerity Partners LLC boosted its stake in Rogers Communication by 7.0% in the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock worth $326,000 after purchasing an additional 724 shares during the period. Finally, AXA S.A. boosted its stake in Rogers Communication by 231.1% in the 2nd quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider’s stock worth $1,481,000 after purchasing an additional 34,860 shares during the period. 45.49% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RCI has been the subject of a number of research analyst reports. Wall Street Zen downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research report on Saturday, January 31st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th. Scotiabank reiterated a “sector perform” rating on shares of Rogers Communication in a research report on Monday, January 12th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Finally, TD Securities downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Price Performance

Shares of Rogers Communication stock opened at $33.02 on Wednesday. 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 $24.67 and a one year high of $41.14. The stock has a market capitalization of $17.84 billion, a P/E ratio of 3.57, a price-to-earnings-growth ratio of 5.91 and a beta of 0.72. The business’s 50 day simple moving average is $37.51 and its two-hundred day simple moving average is $37.41.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $5.94 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year. Analysts forecast that Rogers Communication, Inc. will post 3.46 EPS for the current year.

Rogers Communication Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Tuesday, March 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.00 annualized dividend and a dividend yield of 6.1%. Rogers Communication’s payout ratio is 15.89%.

Rogers Communication Profile

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.