Symons Capital Management Inc. lessened its holdings in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 3.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,891 shares of the Wireless communications provider’s stock after selling 10,715 shares during the period. Rogers Communication comprises 4.2% of Symons Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Symons Capital Management Inc. owned 0.06% of Rogers Communication worth $16,436,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Creative Planning raised its holdings in shares of Rogers Communication by 7.8% in the 2nd quarter. Creative Planning now owns 2,391 shares of the Wireless communications provider’s stock worth $113,000 after acquiring an additional 173 shares during the last quarter. US Bancorp DE raised its holdings in shares of Rogers Communication by 14.6% in the 2nd quarter. US Bancorp DE now owns 3,930 shares of the Wireless communications provider’s stock worth $185,000 after acquiring an additional 501 shares during the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of Rogers Communication in the 2nd quarter worth about $203,000. Fort Pitt Capital Group LLC acquired a new stake in shares of Rogers Communication in the 3rd quarter worth about $211,000. Finally, Cumberland Partners Ltd acquired a new stake in shares of Rogers Communication in the 3rd quarter worth about $245,000. Institutional investors own 47.62% of the company’s stock.
Rogers Communication, Inc. (NYSE RCI) traded down $0.09 during trading hours on Friday, reaching $52.41. 54,993 shares of the company’s stock traded hands, compared to its average volume of 320,699. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.38 and a current ratio of 0.41. The stock has a market cap of $26,990.00, a price-to-earnings ratio of 20.69, a price-to-earnings-growth ratio of 3.85 and a beta of 0.94. Rogers Communication, Inc. has a 52-week low of $37.03 and a 52-week high of $54.24.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, October 19th. The Wireless communications provider reported $0.81 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.19). The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communication had a net margin of 9.20% and a return on equity of 30.40%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. analysts expect that Rogers Communication, Inc. will post 2.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Monday, December 11th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, December 8th. Rogers Communication’s dividend payout ratio (DPR) is currently 79.79%.
A number of equities research analysts recently weighed in on RCI shares. Morgan Stanley upped their target price on shares of Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday, August 25th. Zacks Investment Research lowered shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. BidaskClub upgraded shares of Rogers Communication from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 16th. TheStreet upgraded shares of Rogers Communication from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Finally, Barclays PLC increased their price objective on shares of Rogers Communication from $56.00 to $58.00 and gave the company an “equal weight” rating in a research note on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $61.00.
Rogers Communication Company Profile
Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.
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