Rogers Communications Inc. (RCI) Holdings Lifted by Dimensional Fund Advisors LP

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Dimensional Fund Advisors LP raised its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 3.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 204,553 shares of the Wireless communications provider’s stock after buying an additional 7,177 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Rogers Communications were worth $9,708,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RCI. Beutel Goodman & Co Ltd. grew its holdings in Rogers Communications by 9.7% during the 2nd quarter. Beutel Goodman & Co Ltd. now owns 21,014,591 shares of the Wireless communications provider’s stock valued at $998,281,000 after buying an additional 1,854,605 shares in the last quarter. BlackRock Inc. boosted its position in shares of Rogers Communications by 39.4% during the 1st quarter. BlackRock Inc. now owns 1,902,062 shares of the Wireless communications provider’s stock valued at $84,984,000 after acquiring an additional 537,287 shares during the last quarter. Addenda Capital Inc. boosted its position in shares of Rogers Communications by 96.2% during the 2nd quarter. Addenda Capital Inc. now owns 896,610 shares of the Wireless communications provider’s stock valued at $41,605,000 after acquiring an additional 439,687 shares during the last quarter. NN Investment Partners Holdings N.V. boosted its position in shares of Rogers Communications by 371.5% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 336,166 shares of the Wireless communications provider’s stock valued at $15,955,000 after acquiring an additional 264,871 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in shares of Rogers Communications by 54.0% during the 1st quarter. Allianz Asset Management GmbH now owns 476,932 shares of the Wireless communications provider’s stock valued at $21,285,000 after acquiring an additional 167,160 shares during the last quarter. 46.06% of the stock is owned by institutional investors and hedge funds.

RCI has been the subject of a number of research analyst reports. ValuEngine downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Wednesday, September 19th. Finally, Barclays dropped their price target on Rogers Communications from $54.00 to $53.00 and set an “equal weight” rating for the company in a research report on Friday, July 20th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $61.00.

Shares of RCI opened at $51.01 on Friday. The stock has a market cap of $26.54 billion, a PE ratio of 18.82, a price-to-earnings-growth ratio of 3.25 and a beta of 0.83. The company has a quick ratio of 0.60, a current ratio of 0.67 and a debt-to-equity ratio of 1.83. Rogers Communications Inc. has a 12-month low of $43.11 and a 12-month high of $54.95.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, July 19th. The Wireless communications provider reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.28. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.78 billion. Rogers Communications had a return on equity of 29.52% and a net margin of 12.66%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.96 EPS. On average, equities analysts forecast that Rogers Communications Inc. will post 3.18 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 3rd. Stockholders of record on Friday, September 14th were given a dividend of $0.369 per share. The ex-dividend date was Thursday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.89%. Rogers Communications’s dividend payout ratio (DPR) is presently 54.24%.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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

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