FDx Advisors Inc. increased its stake in Rogers Communications (NYSE:RCI) (TSE:RCI.B) by 20.7% in the 1st quarter, HoldingsChannel reports. The fund owned 7,226 shares of the Wireless communications provider’s stock after acquiring an additional 1,238 shares during the period. FDx Advisors Inc.’s holdings in Rogers Communications were worth $323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RCI. The Manufacturers Life Insurance Company grew its position in Rogers Communications by 79.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 4,596,985 shares of the Wireless communications provider’s stock worth $234,125,000 after acquiring an additional 2,041,583 shares in the last quarter. Picton Mahoney Asset Management purchased a new position in Rogers Communications in the fourth quarter worth about $85,673,000. APG Asset Management N.V. grew its position in Rogers Communications by 43.1% in the fourth quarter. APG Asset Management N.V. now owns 4,381,163 shares of the Wireless communications provider’s stock worth $186,516,000 after acquiring an additional 1,320,100 shares in the last quarter. Mackenzie Financial Corp grew its position in Rogers Communications by 71.5% in the fourth quarter. Mackenzie Financial Corp now owns 3,028,391 shares of the Wireless communications provider’s stock worth $154,236,000 after acquiring an additional 1,263,019 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Rogers Communications by 39.3% in the fourth quarter. Renaissance Technologies LLC now owns 2,278,700 shares of the Wireless communications provider’s stock worth $116,112,000 after acquiring an additional 642,800 shares in the last quarter. Institutional investors own 48.25% of the company’s stock.

Several research firms recently commented on RCI. Zacks Investment Research lowered Rogers Communications from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. Barclays reiterated a “hold” rating and issued a $55.00 price target on shares of Rogers Communications in a research report on Friday, January 26th. Finally, National Bank Financial lowered Rogers Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.67.

Shares of Rogers Communications opened at $48.43 on Friday, MarketBeat Ratings reports. Rogers Communications has a 1 year low of $48.20 and a 1 year high of $48.41. The company has a market cap of $24.76 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 3.04 and a beta of 0.84. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.85.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last announced its earnings results on Thursday, April 19th. The Wireless communications provider reported $0.71 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.11. Rogers Communications had a return on equity of 30.77% and a net margin of 12.73%. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.75 billion. analysts anticipate that Rogers Communications will post 3.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 3rd. Shareholders of record on Monday, June 11th will be given a dividend of $0.3821 per share. The ex-dividend date is Friday, June 8th. This represents a $1.53 annualized dividend and a dividend yield of 3.16%. Rogers Communications’s dividend payout ratio (DPR) is presently 57.56%.

Rogers Communications Profile

Rogers Communications Inc operates as a communications and media company in Canada. The company's Wireless segment offers wireless telecommunications services to consumers and businesses under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications. This segment distributes its products through independent dealer networks, company-owned retail stores, retail chains and convenience stores, e-commerce sites, call centers and outbound telemarketing, and other distribution channels.

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

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