Rogers Communications Inc. (NYSE:RCI) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 16.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,948 shares of the Wireless communications provider’s stock after purchasing an additional 3,547 shares during the quarter. Natixis Advisors LLC’s holdings in Rogers Communications were worth $1,003,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in RCI. Cromwell Holdings LLC purchased a new stake in Rogers Communications in the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Rogers Communications by 110.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock valued at $37,000 after acquiring an additional 522 shares during the period. Ridgewood Investments LLC purchased a new stake in Rogers Communications in the 2nd quarter valued at $37,000. Grove Bank & Trust boosted its stake in Rogers Communications by 41.0% during the 3rd quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock worth $42,000 after purchasing an additional 302 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Rogers Communications during the 2nd quarter worth $55,000. 45.49% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on RCI. TD Securities increased their target price on shares of Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. BMO Capital Markets upped their price objective on Rogers Communications from $67.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Rogers Communications currently has an average rating of “Moderate Buy” and an average target price of $61.75.

Rogers Communications Stock Down 1.4 %

RCI stock opened at $35.39 on Wednesday. The stock has a market capitalization of $18.85 billion, a PE ratio of 17.26, a price-to-earnings-growth ratio of 1.09 and a beta of 0.69. The company has a fifty day moving average of $37.78 and a 200-day moving average of $38.50. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.64 and a current ratio of 0.68. Rogers Communications Inc. has a one year low of $34.95 and a one year high of $48.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, October 24th. The Wireless communications provider reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.35. Rogers Communications had a net margin of 7.34% and a return on equity of 23.75%. The firm had revenue of $5.13 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same period in the prior year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts expect that Rogers Communications Inc. will post 3.55 EPS for the current year.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Monday, December 9th will be paid a $0.3611 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.08%. Rogers Communications’s dividend payout ratio (DPR) is presently 71.71%.

Rogers Communications 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.