Bollard Group LLC grew its stake in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 18.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,523 shares of the Wireless communications provider’s stock after purchasing an additional 10,701 shares during the period. Bollard Group LLC’s holdings in Rogers Communications were worth $3,574,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Highstreet Asset Management Inc. raised its stake in Rogers Communications by 6.6% during the 3rd quarter. Highstreet Asset Management Inc. now owns 19,949 shares of the Wireless communications provider’s stock worth $1,026,000 after buying an additional 1,242 shares during the period. Cidel Asset Management Inc. raised its stake in Rogers Communications by 1.4% during the 3rd quarter. Cidel Asset Management Inc. now owns 1,217,803 shares of the Wireless communications provider’s stock worth $62,586,000 after buying an additional 17,199 shares during the period. Toronto Dominion Bank raised its stake in Rogers Communications by 22.5% during the 3rd quarter. Toronto Dominion Bank now owns 4,291,153 shares of the Wireless communications provider’s stock worth $221,016,000 after buying an additional 787,068 shares during the period. Mn Services Vermogensbeheer B.V. raised its stake in Rogers Communications by 6.4% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 59,894 shares of the Wireless communications provider’s stock worth $3,979,000 after buying an additional 3,600 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Rogers Communications by 1,130.9% during the 3rd quarter. Wells Fargo & Company MN now owns 236,079 shares of the Wireless communications provider’s stock worth $12,136,000 after buying an additional 216,900 shares during the period. Institutional investors own 44.80% of the company’s stock.

Several brokerages recently commented on RCI. Desjardins downgraded Rogers Communications from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Zacks Investment Research upgraded Rogers Communications from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, September 19th. Finally, Edward Jones cut Rogers Communications from a “buy” rating to a “hold” rating and set a $52.67 target price for the company. in a report on Thursday, November 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $54.89.

RCI stock traded down $0.09 during trading hours on Friday, reaching $53.53. 527,560 shares of the stock were exchanged, compared to its average volume of 407,192. The stock has a market cap of $27.60 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 3.32 and a beta of 0.74. The company has a current ratio of 0.72, a quick ratio of 0.65 and a debt-to-equity ratio of 1.73. Rogers Communications Inc. has a 12 month low of $43.11 and a 12 month high of $54.83.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its earnings results on Friday, October 19th. The Wireless communications provider reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Rogers Communications had a return on equity of 29.37% and a net margin of 13.34%. On average, analysts forecast that Rogers Communications Inc. will post 3.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Shareholders of record on Tuesday, December 11th will be issued a dividend of $0.3695 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date is Monday, December 10th. This is a boost from Rogers Communications’s previous quarterly dividend of $0.37. Rogers Communications’s dividend payout ratio is 54.24%.

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Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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Institutional Ownership by Quarter for Rogers Communications (NYSE:RCI)

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