TD Asset Management Inc. increased its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 2.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,979,607 shares of the Wireless communications provider’s stock after acquiring an additional 339,640 shares during the quarter. Rogers Communications makes up about 1.0% of TD Asset Management Inc.’s portfolio, making the stock its 20th largest position. TD Asset Management Inc. owned approximately 2.52% of Rogers Communications worth $696,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of RCI. Signaturefd LLC lifted its stake in shares of Rogers Communications by 34.2% in the first quarter. Signaturefd LLC now owns 1,780 shares of the Wireless communications provider’s stock valued at $96,000 after buying an additional 454 shares in the last quarter. Exane Derivatives lifted its stake in shares of Rogers Communications by 107.0% in the first quarter. Exane Derivatives now owns 2,070 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 1,070 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of Rogers Communications by 26.5% in the first quarter. Quadrant Capital Group LLC now owns 2,163 shares of the Wireless communications provider’s stock valued at $111,000 after buying an additional 453 shares in the last quarter. Sound View Wealth Advisors LLC bought a new position in shares of Rogers Communications in the first quarter valued at $202,000. Finally, Qtron Investments LLC bought a new position in shares of Rogers Communications in the first quarter valued at $238,000. 44.65% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have weighed in on the stock. Scotiabank lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, April 22nd. Howard Weil lowered shares of Rogers Communications from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, April 22nd. Scotia Howard Weill reaffirmed a “sector perform” rating on shares of Rogers Communications in a research note on Monday, April 22nd. Royal Bank of Canada reaffirmed a “hold” rating on shares of Rogers Communications in a research note on Monday, April 22nd. Finally, Echelon Wealth Partners raised shares of Rogers Communications from a “hold” rating to a “buy” rating in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $60.18.

Shares of RCI stock traded up $0.18 on Tuesday, hitting $51.69. The stock had a trading volume of 12,877 shares, compared to its average volume of 341,251. The company’s 50 day moving average is $53.12. The company has a market cap of $26.61 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 3.03 and a beta of 0.54. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.79. Rogers Communications Inc. has a 12-month low of $48.67 and a 12-month high of $55.93.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings data on Tuesday, July 23rd. The Wireless communications provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.02). The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $3.87 billion. Rogers Communications had a return on equity of 26.66% and a net margin of 13.79%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same quarter last year, the business posted $1.07 EPS. As a group, equities analysts forecast that Rogers Communications Inc. will post 3.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 9th will be given a dividend of $0.3732 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.49 annualized dividend and a yield of 2.89%. Rogers Communications’s payout ratio is presently 44.18%.

Rogers Communications Company Profile

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The Wireless segment offers wireless voice and data communication services to individual consumers, businesses, governments, and other telecommunications service providers; postpaid and prepaid wireless services under the Rogers, Fido, and chatr brands; and wireless devices, services, and applications to consumers and businesses.

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

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