Rogers Communication, Inc. $RCI Stock Holdings Lifted by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 7.1% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,037,804 shares of the Wireless communications provider’s stock after purchasing an additional 332,725 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Rogers Communication were worth $155,491,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of RCI. Mather Group LLC. acquired a new stake in Rogers Communication during the third quarter worth about $75,000. Fortitude Family Office LLC bought a new position in Rogers Communication in the 3rd quarter valued at about $76,000. EverSource Wealth Advisors LLC raised its position in shares of Rogers Communication by 15.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,107 shares of the Wireless communications provider’s stock valued at $119,000 after buying an additional 418 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Rogers Communication by 1,314.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,337 shares of the Wireless communications provider’s stock valued at $126,000 after buying an additional 3,101 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of Rogers Communication by 10.2% during the 1st quarter. Parallel Advisors LLC now owns 3,377 shares of the Wireless communications provider’s stock worth $130,000 after acquiring an additional 312 shares during the period. Institutional investors own 45.49% of the company’s stock.

Rogers Communication Price Performance

Rogers Communication stock traded up $0.02 during midday trading on Friday, reaching $31.95. The company’s stock had a trading volume of 1,196,838 shares, compared to its average volume of 1,664,462. The company has a current ratio of 0.55, a quick ratio of 0.51 and a debt-to-equity ratio of 1.54. The stock has a market cap of $17.26 billion, a PE ratio of 3.86, a price-to-earnings-growth ratio of 4.02 and a beta of 0.65. Rogers Communication, Inc. has a 52 week low of $29.25 and a 52 week high of $41.14. The business has a 50-day moving average price of $34.36 and a 200-day moving average price of $35.00.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. The firm had revenue of $3.95 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter in the prior year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Rogers Communication, Inc. will post 3.24 EPS for the current year.

Rogers Communication Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Tuesday, September 8th were given a dividend of C$0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date was Tuesday, September 8th. Rogers Communication’s dividend payout ratio is currently 17.39%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Desjardins upgraded shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. Scotiabank restated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, July 7th. Weiss Ratings downgraded shares of Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Raymond James Financial started coverage on Rogers Communication in a research note on Wednesday, July 15th. They set an “outperform” rating for the company. Finally, Barclays reduced their target price on Rogers Communication from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

About Rogers Communication

Rogers Communications Inc is a Canadian communications and media company headquartered in Toronto, Ontario. Founded by Ted Rogers in 1960, the company provides wireless and wireline telecommunications services to consumers, businesses and public-sector organizations across Canada.

Rogers’ telecommunications operations include mobile voice and data services, high-speed internet, cable television, home phone services and related connectivity products. The company also offers business communications, networking, cybersecurity and information technology services through its enterprise operations.

Through Rogers Sports & Media, the company operates television and radio networks, digital media properties and sports-related businesses.