JTC Employer Solutions Trustee Ltd Boosts Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

JTC Employer Solutions Trustee Ltd boosted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,409 shares of the Wireless communications provider’s stock after buying an additional 1,014 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in Rogers Communications were worth $4,043,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Toronto Dominion Bank grew its position in shares of Rogers Communications by 53.9% in the second quarter. Toronto Dominion Bank now owns 6,303,371 shares of the Wireless communications provider’s stock valued at $233,099,000 after purchasing an additional 2,206,690 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Rogers Communications in the first quarter valued at approximately $835,000. Russell Investments Group Ltd. grew its position in shares of Rogers Communications by 8.6% in the first quarter. Russell Investments Group Ltd. now owns 195,754 shares of the Wireless communications provider’s stock valued at $8,040,000 after purchasing an additional 15,454 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Rogers Communications by 42.9% in the first quarter. CANADA LIFE ASSURANCE Co now owns 444,990 shares of the Wireless communications provider’s stock valued at $18,262,000 after purchasing an additional 133,652 shares in the last quarter. Finally, Quantbot Technologies LP grew its position in shares of Rogers Communications by 580.9% in the first quarter. Quantbot Technologies LP now owns 52,780 shares of the Wireless communications provider’s stock valued at $2,164,000 after purchasing an additional 45,028 shares in the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. StockNews.com upgraded Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Canaccord Genuity Group cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. TD Securities upped their price objective on Rogers Communications from $73.00 to $74.00 and gave the company a “buy” rating in a report 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 report on Thursday, September 19th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $57.00 price objective (down from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Rogers Communications has an average rating of “Moderate Buy” and an average price target of $61.75.

Rogers Communications Stock Up 1.0 %

NYSE:RCI opened at $39.07 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.65 and a debt-to-equity ratio of 3.58. The stock’s fifty day moving average is $39.84 and its two-hundred day moving average is $38.91. Rogers Communications Inc. has a 52 week low of $35.55 and a 52 week high of $48.19. The stock has a market capitalization of $20.71 billion, a price-to-earnings ratio of 48.84, a price-to-earnings-growth ratio of 1.06 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, July 24th. The Wireless communications provider reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.33. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. Research analysts anticipate that Rogers Communications Inc. will post 3.56 EPS for the current year.

Rogers Communications Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th were paid a $0.365 dividend. This represents a $1.46 annualized dividend and a dividend yield of 3.74%. The ex-dividend date was Monday, September 9th. Rogers Communications’s payout ratio is currently 185.00%.

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.