Jones Financial Companies Lllp Acquires 1,052 Shares of Rogers Communications Inc. (NYSE:RCI)

Jones Financial Companies Lllp increased its position in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 141.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,796 shares of the Wireless communications provider’s stock after buying an additional 1,052 shares during the quarter. Jones Financial Companies Lllp’s holdings in Rogers Communications were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its position in shares of Rogers Communications by 371.0% during the third quarter. The Manufacturers Life Insurance Company now owns 5,053,559 shares of the Wireless communications provider’s stock worth $203,334,000 after purchasing an additional 3,980,525 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Rogers Communications by 106.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 133,760 shares of the Wireless communications provider’s stock worth $5,383,000 after purchasing an additional 68,971 shares during the period. Avanza Fonder AB acquired a new stake in shares of Rogers Communications during the fourth quarter worth about $718,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Rogers Communications by 1,046.8% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 599,476 shares of the Wireless communications provider’s stock valued at $24,101,000 after acquiring an additional 547,201 shares during the period. Finally, Louisbourg Investments Inc. lifted its holdings in Rogers Communications by 18.9% in the fourth quarter. Louisbourg Investments Inc. now owns 246,470 shares of the Wireless communications provider’s stock valued at $7,573,000 after acquiring an additional 39,156 shares during the period. 45.49% of the stock is owned by hedge funds and other institutional investors.

Rogers Communications Trading Up 1.2 %

Shares of RCI opened at $28.30 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. Rogers Communications Inc. has a 12 month low of $26.57 and a 12 month high of $42.96. The stock’s 50-day moving average is $28.26 and its two-hundred day moving average is $33.65. The stock has a market cap of $15.12 billion, a PE ratio of 12.20, a P/E/G ratio of 1.43 and a beta of 0.67.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted 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 forecast that Rogers Communications Inc. will post 3.57 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Monday, March 10th will be issued a dividend of $0.347 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 annualized dividend and a yield of 4.91%. Rogers Communications’s dividend payout ratio (DPR) is currently 59.48%.

Analyst Ratings Changes

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

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.