Vanguard Personalized Indexing Management LLC Has $230,000 Stock Position in Rogers Communications Inc. (NYSE:RCI)

Vanguard Personalized Indexing Management LLC reduced its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 25.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,318 shares of the Wireless communications provider’s stock after selling 2,185 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Rogers Communications were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in Rogers Communications in the second quarter worth approximately $37,000. Headlands Technologies LLC acquired a new stake in shares of Rogers Communications in the 1st quarter valued at $42,000. Acadian Asset Management LLC acquired a new position in Rogers Communications during the second quarter worth $55,000. CWM LLC increased its position in Rogers Communications by 342.3% during the second quarter. CWM LLC now owns 1,809 shares of the Wireless communications provider’s stock worth $67,000 after buying an additional 1,400 shares during the last quarter. Finally, Gulf International Bank UK Ltd lifted its position in shares of Rogers Communications by 13.4% in the first quarter. Gulf International Bank UK Ltd now owns 2,720 shares of the Wireless communications provider’s stock worth $111,000 after buying an additional 322 shares during the last quarter. 45.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on RCI shares. Canaccord Genuity Group lowered Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Canaccord Genuity Group restated a “hold” rating and issued a $57.00 price objective (down from $59.00) on shares of Rogers Communications in a research note on Thursday, July 25th. StockNews.com upgraded shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. TD Securities boosted their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research report on Thursday, September 19th. Finally, BMO Capital Markets increased their target price on Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $61.75.

Rogers Communications Stock Up 0.4 %

NYSE RCI opened at $40.24 on Monday. Rogers Communications Inc. has a twelve month low of $35.55 and a twelve month high of $48.19. The stock has a market cap of $21.33 billion, a PE ratio of 50.30, a PEG ratio of 1.06 and a beta of 0.67. The firm has a 50-day simple moving average of $39.73 and a 200 day simple moving average of $39.18. The company has a debt-to-equity ratio of 3.58, a quick ratio of 0.60 and a current ratio of 0.65.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.33. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. Rogers Communications’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, research analysts forecast that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Monday, September 9th will be issued a $0.365 dividend. This represents a $1.46 annualized dividend and a yield of 3.63%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio (DPR) is presently 185.00%.

About Rogers Communications

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 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 and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.