Rogers Communications Inc. (NYSE:RCI) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 2.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,274,064 shares of the Wireless communications provider’s stock after buying an additional 36,496 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Rogers Communications were worth $59,935,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RCI. Mackenzie Financial Corp lifted its position in shares of Rogers Communications by 3.1% in the fourth quarter. Mackenzie Financial Corp now owns 9,433,774 shares of the Wireless communications provider’s stock valued at $441,843,000 after acquiring an additional 285,730 shares in the last quarter. Beverly Hills Private Wealth LLC purchased a new position in shares of Rogers Communications in the fourth quarter valued at approximately $255,000. Triasima Portfolio Management inc. lifted its position in shares of Rogers Communications by 88.7% in the fourth quarter. Triasima Portfolio Management inc. now owns 568,050 shares of the Wireless communications provider’s stock valued at $26,642,000 after acquiring an additional 267,075 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Rogers Communications by 37.7% in the fourth quarter. Cerity Partners LLC now owns 7,969 shares of the Wireless communications provider’s stock valued at $373,000 after acquiring an additional 2,182 shares in the last quarter. Finally, VAUGHAN & Co SECURITIES INC. lifted its position in shares of Rogers Communications by 10.4% in the fourth quarter. VAUGHAN & Co SECURITIES INC. now owns 14,096 shares of the Wireless communications provider’s stock valued at $660,000 after acquiring an additional 1,323 shares in the last quarter. 45.49% of the stock is owned by institutional investors and hedge funds.

Rogers Communications Trading Down 0.6 %

Rogers Communications stock traded down $0.21 during trading on Tuesday, reaching $37.70. 686,163 shares of the company were exchanged, compared to its average volume of 521,249. Rogers Communications Inc. has a 52-week low of $36.55 and a 52-week high of $50.00. The company has a market capitalization of $19.92 billion, a P/E ratio of 31.28, a PEG ratio of 1.63 and a beta of 0.59. The company has a debt-to-equity ratio of 3.81, a current ratio of 0.89 and a quick ratio of 0.84. The stock’s 50 day simple moving average is $42.98 and its two-hundred day simple moving average is $43.15.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Thursday, February 1st. The Wireless communications provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.11. Rogers Communications had a return on equity of 22.17% and a net margin of 4.38%. The firm had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.99 billion. On average, equities research analysts expect that Rogers Communications Inc. will post 3.6 earnings per share for the current fiscal year.

Rogers Communications Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 11th were given a $0.3742 dividend. The ex-dividend date was Friday, March 8th. This represents a $1.50 dividend on an annualized basis and a yield of 3.97%. This is an increase from Rogers Communications’s previous quarterly dividend of $0.36. Rogers Communications’s payout ratio is currently 122.50%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Barclays decreased their target price on Rogers Communications from $52.00 to $46.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. StockNews.com downgraded Rogers Communications from a “hold” rating to a “sell” rating in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $46.00.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.