M&T Bank Corp decreased its position in shares of Rogers Communication Inc. (NYSE:RCI) (TSE:RCI.B) by 11.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 86,515 shares of the company’s stock after selling 10,938 shares during the period. M&T Bank Corp’s holdings in Rogers Communication were worth $3,670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RCI. TD Asset Management Inc. boosted its position in shares of Rogers Communication by 1.6% in the third quarter. TD Asset Management Inc. now owns 14,968,919 shares of the company’s stock valued at $633,893,000 after buying an additional 232,775 shares during the period. 1832 Asset Management L.P. boosted its position in shares of Rogers Communication by 21.8% in the second quarter. 1832 Asset Management L.P. now owns 10,748,669 shares of the company’s stock valued at $683,889,000 after buying an additional 1,922,300 shares during the period. Vanguard Group Inc. boosted its position in shares of Rogers Communication by 12.0% in the second quarter. Vanguard Group Inc. now owns 6,954,480 shares of the company’s stock valued at $280,960,000 after buying an additional 747,064 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Rogers Communication by 1.7% in the third quarter. Great West Life Assurance Co. Can now owns 4,763,738 shares of the company’s stock valued at $202,353,000 after buying an additional 81,890 shares during the period. Finally, Mackenzie Financial Corp purchased a new position in shares of Rogers Communication during the second quarter valued at about $173,013,000. 50.67% of the stock is currently owned by hedge funds and other institutional investors.

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

Rogers Communication Inc. (NYSE:RCI) traded down 1.23% during trading on Wednesday, hitting $38.60. The company had a trading volume of 200,347 shares. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of 23.17 and a beta of 0.95. The firm’s 50 day moving average is $39.58 and its 200-day moving average is $41.06. Rogers Communication Inc. has a 52-week low of $32.50 and a 52-week high of $45.50.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Monday, December 12th will be paid a $0.48 dividend. The ex-dividend date is Thursday, December 8th. This represents a $1.92 annualized dividend and a dividend yield of 4.97%. Rogers Communication’s dividend payout ratio (DPR) is 86.98%.

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RCI has been the topic of several research analyst reports. Zacks Investment Research raised Rogers Communication from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, September 21st. Scotiabank restated an “outperform” rating and set a $60.00 target price on shares of Rogers Communication in a report on Tuesday, October 18th. RBC Capital Markets restated an “outperform” rating on shares of Rogers Communication in a report on Tuesday, October 18th. TD Securities upgraded Rogers Communication to a “buy” rating in a report on Monday, November 14th. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $54.00 target price (up previously from $53.00) on shares of Rogers Communication in a report on Tuesday, October 18th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Rogers Communication has an average rating of “Hold” and an average price target of $50.38.

About Rogers Communication

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet and telephony services to consumers and businesses. The Company operates through four segments: Wireless, Cable, Business Solutions and Media. Its Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

5 Day Chart for NYSE:RCI

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