QV Investors Inc. Has $32.84 Million Position in Rogers Communication, Inc. $RCI

QV Investors Inc. lessened its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 868,767 shares of the Wireless communications provider’s stock after selling 67,022 shares during the period. Rogers Communication makes up about 2.7% of QV Investors Inc.’s investment portfolio, making the stock its 13th biggest holding. QV Investors Inc.’s holdings in Rogers Communication were worth $32,837,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mn Services Vermogensbeheer B.V. grew its holdings in shares of Rogers Communication by 1.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 139,304 shares of the Wireless communications provider’s stock valued at $5,265,000 after buying an additional 2,044 shares during the period. Mirabella Financial Services LLP acquired a new stake in Rogers Communication during the 3rd quarter worth $2,090,000. FNY Investment Advisers LLC bought a new position in Rogers Communication during the third quarter worth about $58,000. CIBC Bancorp USA Inc. bought a new position in Rogers Communication during the third quarter worth about $280,000. Finally, Achmea Investment Management B.V. acquired a new position in Rogers Communication in the third quarter valued at about $1,737,000. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RCI. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Communication in a report on Tuesday, January 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Rogers Communication in a research report on Friday, December 26th. Scotiabank reissued a “sector perform” rating on shares of Rogers Communication in a research note on Monday, January 12th. Wall Street Zen downgraded shares of Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Finally, TD Cowen reaffirmed a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Price Performance

RCI stock opened at $35.06 on Friday. The stock has a 50-day moving average price of $38.43 and a two-hundred day moving average price of $37.56. Rogers Communication, Inc. has a 1 year low of $23.18 and a 1 year high of $41.14. The stock has a market cap of $18.94 billion, a PE ratio of 3.79, a price-to-earnings-growth ratio of 4.65 and a beta of 0.72. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 1.48.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last issued its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.10. The company had revenue of $4.49 billion for the quarter, compared to analyst estimates of $5.94 billion. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. Equities analysts forecast that Rogers Communication, Inc. will post 3.57 EPS for the current fiscal year.

Rogers Communication Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Tuesday, March 10th were paid a $0.50 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $2.00 annualized dividend and a yield of 5.7%. Rogers Communication’s payout ratio is presently 15.89%.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian integrated communications and media company headquartered in Toronto, Ontario. The company provides a broad range of telecommunications services to residential and business customers across Canada, including wireless voice and data services, cable television, high-speed internet, and home phone services. In the enterprise market it offers managed IT, data center and cloud solutions, networking and connectivity services targeted to small businesses, large enterprises and public sector clients.

In addition to connectivity services, Rogers operates a significant media portfolio that includes national and regional television and radio assets, sports broadcasting properties and other content businesses.