Creative Planning Acquires 173 Shares of Rogers Communication, Inc. (RCI)
Creative Planning raised its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 7.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the Wireless communications provider’s stock after buying an additional 173 shares during the period. Creative Planning’s holdings in Rogers Communication were worth $113,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of RCI. Dimensional Fund Advisors LP raised its position in Rogers Communication by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 130,349 shares of the Wireless communications provider’s stock worth $5,029,000 after buying an additional 4,442 shares in the last quarter. Capstone Asset Management Co. raised its position in Rogers Communication by 3.3% in the first quarter. Capstone Asset Management Co. now owns 49,276 shares of the Wireless communications provider’s stock worth $2,179,000 after buying an additional 1,590 shares in the last quarter. Barometer Capital Management Inc. acquired a new position in Rogers Communication during the first quarter worth about $168,000. Bollard Group LLC raised its position in Rogers Communication by 30.5% in the first quarter. Bollard Group LLC now owns 43,920 shares of the Wireless communications provider’s stock worth $1,942,000 after buying an additional 10,264 shares in the last quarter. Finally, Korea Investment CORP raised its position in Rogers Communication by 145.4% in the first quarter. Korea Investment CORP now owns 139,409 shares of the Wireless communications provider’s stock worth $6,146,000 after buying an additional 82,609 shares in the last quarter. 47.78% of the stock is owned by institutional investors.
Rogers Communication, Inc. (RCI) traded up 0.83% during trading on Wednesday, hitting $51.03. 104,431 shares of the stock traded hands. Rogers Communication, Inc. has a 12 month low of $37.03 and a 12 month high of $53.07. The stock has a market cap of $26.27 billion, a P/E ratio of 31.85 and a beta of 0.86. The firm’s 50-day moving average is $50.00 and its 200-day moving average is $46.03.
Rogers Communication (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Thursday, July 20th. The Wireless communications provider reported $0.74 earnings per share for the quarter, beating 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 company’s revenue was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. On average, analysts forecast that Rogers Communication, Inc. will post $2.69 EPS for the current year.
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A number of equities analysts have issued reports on RCI shares. Canaccord Genuity set a $66.00 price target on shares of Rogers Communication and gave the stock a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research raised shares of Rogers Communication from a “sell” rating to a “hold” rating in a research report on Thursday, April 20th. Finally, BidaskClub raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $54.67.
Rogers Communication Company 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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