Everett Harris & Co. CA Reduces Stock Position in Rogers Communications Inc. (NYSE:RCI)

Everett Harris & Co. CA cut its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 14.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 76,834 shares of the Wireless communications provider’s stock after selling 12,766 shares during the period. Everett Harris & Co. CA’s holdings in Rogers Communications were worth $3,597,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in shares of Rogers Communications by 62.8% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 700 shares of the Wireless communications provider’s stock worth $27,000 after acquiring an additional 270 shares in the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Rogers Communications in the third quarter valued at about $29,000. CVA Family Office LLC acquired a new position in shares of Rogers Communications in the fourth quarter valued at about $51,000. Macquarie Group Ltd. acquired a new position in shares of Rogers Communications in the first quarter valued at about $82,000. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC increased its holdings in shares of Rogers Communications by 26.7% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,760 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 371 shares during the period. 45.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Barclays dropped their target price on Rogers Communications from $55.00 to $52.00 and set an “overweight” rating on the stock in a report on Monday, February 12th. StockNews.com raised Rogers Communications from a “sell” rating to a “hold” rating in a report on Sunday, March 24th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.00.

Rogers Communications Stock Performance

NYSE RCI opened at $41.00 on Friday. The company has a market cap of $21.67 billion, a PE ratio of 34.17, a price-to-earnings-growth ratio of 1.23 and a beta of 0.60. The stock’s 50 day simple moving average is $44.96 and its 200-day simple moving average is $43.21. Rogers Communications Inc. has a 1-year low of $36.55 and a 1-year high of $50.00. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.99 billion. As a group, equities research analysts anticipate that Rogers Communications Inc. will post 3.78 EPS for the current fiscal year.

Rogers Communications Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 3rd. Investors of record on Monday, March 11th will be given a dividend of $0.3742 per share. This is an increase from Rogers Communications’s previous quarterly dividend of $0.36. The ex-dividend date is Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a yield of 3.65%. Rogers Communications’s dividend payout ratio (DPR) is presently 122.50%.

Rogers Communications Profile

Rogers Communications Inc operates as a communications and media company in North America. 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 services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.