Mawer Investment Management Ltd. Boosts Stake in Rogers Communications Inc. (RCI)

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Mawer Investment Management Ltd. lifted its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 0.8% in the first quarter, HoldingsChannel reports. The firm owned 4,171,191 shares of the Wireless communications provider’s stock after purchasing an additional 32,522 shares during the quarter. Rogers Communications makes up 1.6% of Mawer Investment Management Ltd.’s holdings, making the stock its 21st biggest holding. Mawer Investment Management Ltd.’s holdings in Rogers Communications were worth $224,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc boosted its holdings in shares of Rogers Communications by 2.7% in the third quarter. Vanguard Group Inc now owns 9,184,653 shares of the Wireless communications provider’s stock worth $472,183,000 after buying an additional 237,435 shares during the period. We Are One Seven LLC acquired a new position in shares of Rogers Communications in the fourth quarter worth about $37,000. Raymond James Trust N.A. boosted its holdings in shares of Rogers Communications by 45.5% in the fourth quarter. Raymond James Trust N.A. now owns 13,482 shares of the Wireless communications provider’s stock worth $691,000 after buying an additional 4,213 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its holdings in shares of Rogers Communications by 2.3% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 24,349 shares of the Wireless communications provider’s stock worth $1,237,000 after buying an additional 557 shares during the period. Finally, Atlas Capital Advisors LLC acquired a new position in shares of Rogers Communications in the fourth quarter worth about $106,000. Hedge funds and other institutional investors own 44.18% of the company’s stock.

Shares of RCI stock traded up $0.15 during trading on Monday, hitting $52.94. 343,109 shares of the company were exchanged, compared to its average volume of 400,916. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.60 and a current ratio of 0.67. The stock has a market cap of $27.25 billion, a P/E ratio of 15.80, a P/E/G ratio of 3.12 and a beta of 0.66. Rogers Communications Inc. has a twelve month low of $46.16 and a twelve month high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, April 18th. The Wireless communications provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $3.59 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Rogers Communications had a net margin of 13.47% and a return on equity of 27.28%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. Sell-side analysts predict that Rogers Communications Inc. will post 3.39 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Monday, June 10th will be issued a dividend of $0.3753 per share. This represents a $1.50 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Friday, June 7th. Rogers Communications’s dividend payout ratio is currently 45.37%.

Several research analysts have commented on the stock. Raymond James cut shares of Rogers Communications to a “market perform” rating in a report on Wednesday, February 27th. TD Securities cut shares of Rogers Communications to a “buy” rating in a report on Wednesday, February 6th. Zacks Investment Research upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, February 14th. ValuEngine upgraded shares of Rogers Communications from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Rogers Communications in a report on Tuesday, April 9th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Rogers Communications currently has an average rating of “Hold” and a consensus target price of $54.68.

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Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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

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