119,134 Shares in Rogers Communications Inc. (RCI) Acquired by Forsta AP Fonden

Forsta AP Fonden acquired a new position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 119,134 shares of the Wireless communications provider’s stock, valued at approximately $6,090,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its stake in Rogers Communications by 2.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,816,024 shares of the Wireless communications provider’s stock valued at $247,773,000 after purchasing an additional 103,687 shares during the last quarter. APG Asset Management N.V. raised its stake in Rogers Communications by 43.1% in the 4th quarter. APG Asset Management N.V. now owns 4,381,163 shares of the Wireless communications provider’s stock valued at $186,516,000 after purchasing an additional 1,320,100 shares during the last quarter. CIBC Asset Management Inc raised its stake in Rogers Communications by 2.2% in the 4th quarter. CIBC Asset Management Inc now owns 3,799,249 shares of the Wireless communications provider’s stock valued at $194,400,000 after purchasing an additional 82,518 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Rogers Communications by 5.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,582,482 shares of the Wireless communications provider’s stock valued at $132,863,000 after purchasing an additional 132,934 shares during the last quarter. Finally, USS Investment Management Ltd acquired a new position in Rogers Communications in the 4th quarter valued at about $130,443,000. Institutional investors and hedge funds own 47.73% of the company’s stock.

Rogers Communications Inc. (NYSE RCI) opened at $45.74 on Thursday. Rogers Communications Inc. has a one year low of $41.33 and a one year high of $54.95. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 2.00. The company has a market cap of $23,470.19, a PE ratio of 16.89, a PEG ratio of 2.91 and a beta of 0.86.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.01. Rogers Communications had a net margin of 12.09% and a return on equity of 30.65%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.63 billion. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. sell-side analysts forecast that Rogers Communications Inc. will post 3.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Stockholders of record on Monday, March 12th will be paid a dividend of $0.3843 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, March 9th. Rogers Communications’s dividend payout ratio is currently 59.77%.

Several brokerages recently weighed in on RCI. Desjardins raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. Zacks Investment Research raised shares of Rogers Communications from a “sell” rating to a “hold” rating in a research note on Monday, January 29th. National Bank Financial downgraded shares of Rogers Communications from an “outperform” rating to a “sector perform” rating in a research note on Friday, January 26th. TheStreet raised shares of Rogers Communications from a “c+” rating to a “b” rating in a research note on Thursday, October 19th. Finally, Barclays boosted their target price on shares of Rogers Communications 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, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $62.75.

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Rogers Communications 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.

Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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