UniSuper Management Pty Ltd Has $264,000 Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

UniSuper Management Pty Ltd lowered its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 9.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,600 shares of the Wireless communications provider’s stock after selling 906 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Rogers Communications were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RCI. Lindbrook Capital LLC lifted its stake in Rogers Communications by 95.1% in the fourth quarter. Lindbrook Capital LLC now owns 1,526 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 744 shares during the period. Jones Financial Companies Lllp raised its position in shares of Rogers Communications by 141.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,796 shares of the Wireless communications provider’s stock valued at $55,000 after acquiring an additional 1,052 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Rogers Communications during the 3rd quarter worth approximately $206,000. V Square Quantitative Management LLC grew its holdings in Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock valued at $178,000 after purchasing an additional 930 shares during the period. Finally, Tidal Investments LLC bought a new stake in Rogers Communications in the third quarter valued at approximately $248,000. 45.49% of the stock is currently owned by institutional investors.

Rogers Communications Stock Performance

RCI opened at $26.71 on Tuesday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. The company has a market capitalization of $14.32 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.43 and a beta of 0.67. The business’s 50-day moving average price is $27.94 and its two-hundred day moving average price is $32.74. Rogers Communications Inc. has a 1 year low of $26.57 and a 1 year high of $41.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Equities analysts expect that Rogers Communications Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be given a $0.347 dividend. This represents a $1.39 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend is Monday, March 10th. Rogers Communications’s dividend payout ratio (DPR) is currently 59.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Bank of America cut shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 14th. Morgan Stanley started coverage on Rogers Communications in a research note on Monday, December 16th. They issued an “underweight” rating for the company. Finally, Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $61.75.

About Rogers Communications

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.