Neuberger Berman Group LLC acquired a new position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 464,202 shares of the Wireless communications provider’s stock, valued at approximately $21,915,000. Neuberger Berman Group LLC owned 0.12% of Rogers Communication at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Airain ltd lifted its position in Rogers Communication by 188.1% during the 2nd quarter. Airain ltd now owns 33,474 shares of the Wireless communications provider’s stock worth $1,580,000 after acquiring an additional 21,855 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Rogers Communication by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,150,199 shares of the Wireless communications provider’s stock worth $54,230,000 after acquiring an additional 3,518 shares during the period. Federated Investors Inc. PA lifted its position in Rogers Communication by 6.0% during the 2nd quarter. Federated Investors Inc. PA now owns 68,068 shares of the Wireless communications provider’s stock worth $3,213,000 after acquiring an additional 3,833 shares during the period. Nikko Asset Management Americas Inc. lifted its position in Rogers Communication by 32.0% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 59,400 shares of the Wireless communications provider’s stock worth $2,807,000 after acquiring an additional 14,400 shares during the period. Finally, Addenda Capital Inc. lifted its position in Rogers Communication by 6.1% during the 2nd quarter. Addenda Capital Inc. now owns 467,443 shares of the Wireless communications provider’s stock worth $22,213,000 after acquiring an additional 26,893 shares during the period. 47.55% of the stock is owned by institutional investors.

Rogers Communication, Inc. (RCI) opened at 52.26 on Thursday. Rogers Communication, Inc. has a 52 week low of $37.03 and a 52 week high of $53.07. The stock’s 50 day moving average price is $51.56 and its 200-day moving average price is $46.95. The stock has a market capitalization of $26.90 billion, a P/E ratio of 32.97 and a beta of 0.86.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings data on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. The business had revenue of $3.59 billion during the quarter, compared to the consensus estimate of $3.59 billion. Rogers Communication had a return on equity of 28.90% and a net margin of 7.42%. The business’s revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. Equities research analysts expect that Rogers Communication, Inc. will post $2.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 3rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.92 annualized dividend and a dividend yield of 3.67%. Rogers Communication’s dividend payout ratio is presently 95.95%.

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A number of research firms have weighed in on RCI. Zacks Investment Research cut Rogers Communication from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. BidaskClub raised Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Finally, Morgan Stanley increased their price objective on Rogers Communication from $63.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Friday, August 25th. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $56.43.

Rogers Communication Profile

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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

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