Rogers Communication, Inc. $RCI Shares Sold by Westerkirk Capital Inc.

Westerkirk Capital Inc. reduced its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 93.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,117 shares of the Wireless communications provider’s stock after selling 15,000 shares during the period. Westerkirk Capital Inc.’s holdings in Rogers Communication were worth $42,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of RCI. Invesco Ltd. increased its stake in Rogers Communication by 52.3% during the 2nd quarter. Invesco Ltd. now owns 934,712 shares of the Wireless communications provider’s stock worth $27,724,000 after buying an additional 321,124 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after buying an additional 683 shares in the last quarter. Marshall Wace LLP increased its stake in Rogers Communication by 36.5% during the 2nd quarter. Marshall Wace LLP now owns 37,179 shares of the Wireless communications provider’s stock worth $1,103,000 after buying an additional 9,951 shares in the last quarter. Cerity Partners LLC increased its stake in Rogers Communication by 7.0% during the 2nd quarter. Cerity Partners LLC now owns 11,007 shares of the Wireless communications provider’s stock worth $326,000 after buying an additional 724 shares in the last quarter. Finally, AXA S.A. increased its stake in Rogers Communication by 231.1% during the 2nd quarter. AXA S.A. now owns 49,945 shares of the Wireless communications provider’s stock worth $1,481,000 after buying an additional 34,860 shares in the last quarter. 45.49% of the stock is currently owned by hedge funds and other institutional investors.

Rogers Communication Stock Down 0.5%

NYSE:RCI opened at $37.55 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.55 and a debt-to-equity ratio of 1.43. The stock’s fifty day moving average is $36.01 and its two-hundred day moving average is $37.21. Rogers Communication, Inc. has a 52 week low of $26.70 and a 52 week high of $41.14. The stock has a market capitalization of $20.29 billion, a price-to-earnings ratio of 3.96, a price-to-earnings-growth ratio of 3.32 and a beta of 0.62.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Wednesday, April 22nd. The Wireless communications provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.01. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The company had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Research analysts anticipate that Rogers Communication, Inc. will post 3.55 EPS for the current year.

Rogers Communication Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 9th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 9th. This represents a $2.00 dividend on an annualized basis and a yield of 5.3%. Rogers Communication’s dividend payout ratio (DPR) is currently 15.51%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Securities lowered Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Desjardins reiterated a “hold” rating on shares of Rogers Communication in a research note on Thursday, April 23rd. Finally, Scotiabank upgraded Rogers Communication from a “hold” rating to an “outperform” rating in a research report on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Rogers Communication currently has an average rating of “Hold” and an average target price of $36.00.

Rogers Communication 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.