Rogers Communications Inc. (NYSE:RCI) Shares Acquired by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. boosted its position in Rogers Communications Inc. (NYSE:RCI – Get Rating) (TSE:RCI.B) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,112 shares of the Wireless communications provider’s stock after acquiring an additional 1,440 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Rogers Communications were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE raised its holdings in shares of Rogers Communications by 3.0% in the 1st quarter. US Bancorp DE now owns 7,289 shares of the Wireless communications provider’s stock worth $413,000 after purchasing an additional 213 shares during the period. Brinker Capital Investments LLC increased its position in Rogers Communications by 3.1% during the 1st quarter. Brinker Capital Investments LLC now owns 7,523 shares of the Wireless communications provider’s stock worth $427,000 after purchasing an additional 226 shares in the last quarter. Parallel Advisors LLC raised its holdings in Rogers Communications by 33.3% in the second quarter. Parallel Advisors LLC now owns 1,108 shares of the Wireless communications provider’s stock valued at $53,000 after buying an additional 277 shares during the period. Cigna Investments Inc. New lifted its position in Rogers Communications by 4.3% during the second quarter. Cigna Investments Inc. New now owns 6,829 shares of the Wireless communications provider’s stock valued at $326,000 after buying an additional 280 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its stake in Rogers Communications by 2.3% during the second quarter. O Shaughnessy Asset Management LLC now owns 15,474 shares of the Wireless communications provider’s stock worth $741,000 after buying an additional 352 shares during the period. Institutional investors and hedge funds own 45.46% of the company’s stock.

Rogers Communications Stock Down 0.1 %

Shares of NYSE RCI opened at $48.12 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.35 and a current ratio of 2.39. Rogers Communications Inc. has a 1 year low of $36.23 and a 1 year high of $64.55. The stock’s 50-day simple moving average is $45.71 and its 200-day simple moving average is $43.87. The firm has a market cap of $24.30 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.38 and a beta of 0.51.

Rogers Communications (NYSE:RCI – Get Rating) (TSE:RCI.B) last issued its quarterly earnings data on Wednesday, November 9th. The Wireless communications provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Rogers Communications had a net margin of 10.41% and a return on equity of 17.52%. The business had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.80 billion. As a group, equities analysts anticipate that Rogers Communications Inc. will post 2.7 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 3rd. Investors of record on Friday, December 9th were paid a $0.367 dividend. The ex-dividend date was Thursday, December 8th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 3.05%. Rogers Communications’s dividend payout ratio (DPR) is presently 62.61%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RCI shares. StockNews.com assumed coverage on shares of Rogers Communications in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Scotiabank raised their price objective on Rogers Communications from C$71.00 to C$74.75 in a research report on Tuesday, January 3rd. National Bank Financial upped their target price on Rogers Communications from C$75.00 to C$78.00 in a research report on Thursday, January 12th. CIBC increased their target price on Rogers Communications from C$69.00 to C$72.00 in a research note on Thursday, January 12th. Finally, TD Securities boosted their price target on Rogers Communications from C$75.00 to C$76.00 in a research report on Wednesday, December 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.08.

Rogers Communications Profile

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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 and accessory financing, wireless home phone, device protection, e-mail, global voice and data roaming, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device delivery services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands to approximately 11.3 million subscribers.