Guardian Partners Inc. Grows Stock Holdings in Rogers Communication, Inc. $RCI

Guardian Partners Inc. increased its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 3.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 369,555 shares of the Wireless communications provider’s stock after buying an additional 13,743 shares during the period. Rogers Communication comprises approximately 1.1% of Guardian Partners Inc.’s holdings, making the stock its 27th largest position. Guardian Partners Inc.’s holdings in Rogers Communication were worth $12,898,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of RCI. Natixis Advisors LLC raised its holdings in Rogers Communication by 15.7% during the third quarter. Natixis Advisors LLC now owns 34,124 shares of the Wireless communications provider’s stock valued at $1,176,000 after acquiring an additional 4,622 shares during the period. Korea Investment CORP boosted its stake in shares of Rogers Communication by 65.4% in the third quarter. Korea Investment CORP now owns 141,845 shares of the Wireless communications provider’s stock worth $4,884,000 after acquiring an additional 56,100 shares during the period. Guardian Capital LP grew its position in shares of Rogers Communication by 5.3% during the third quarter. Guardian Capital LP now owns 623,545 shares of the Wireless communications provider’s stock worth $21,470,000 after purchasing an additional 31,301 shares in the last quarter. Gabelli Funds LLC raised its stake in Rogers Communication by 4.0% during the 3rd quarter. Gabelli Funds LLC now owns 1,310,100 shares of the Wireless communications provider’s stock valued at $45,159,000 after purchasing an additional 50,000 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in Rogers Communication by 1.2% in the 3rd quarter. Gamco Investors INC. ET AL now owns 474,534 shares of the Wireless communications provider’s stock worth $16,357,000 after purchasing an additional 5,407 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Morgan Stanley reiterated an “underweight” rating on shares of Rogers Communication in a research report on Wednesday, December 10th. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, January 13th. Desjardins cut shares of Rogers Communication from a “buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, TD Cowen reiterated a “buy” rating on shares of Rogers Communication in a report on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Price Performance

Shares of Rogers Communication stock opened at $40.31 on Friday. The stock has a 50 day moving average of $37.73 and a 200 day moving average of $37.16. Rogers Communication, Inc. has a 12 month low of $23.18 and a 12 month high of $41.14. The firm has a market cap of $21.78 billion, a PE ratio of 4.36, a PEG ratio of 5.32 and a beta of 0.74. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.10. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter last year, the business posted $1.46 EPS. The firm’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts expect that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Tuesday, March 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.0%. Rogers Communication’s dividend payout ratio (DPR) is 15.78%.

About Rogers Communication

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.