American Capital Advisory LLC Purchases 15,776 Shares of Rogers Communications Inc. (NYSE:RCI)

American Capital Advisory LLC raised its holdings in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 1,349.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,945 shares of the Wireless communications provider’s stock after acquiring an additional 15,776 shares during the quarter. American Capital Advisory LLC’s holdings in Rogers Communications were worth $521,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cromwell Holdings LLC acquired a new position in Rogers Communications during the third quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Rogers Communications by 110.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 996 shares of the Wireless communications provider’s stock worth $37,000 after purchasing an additional 522 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Rogers Communications by 41.0% in the 3rd quarter. Grove Bank & Trust now owns 1,039 shares of the Wireless communications provider’s stock valued at $42,000 after buying an additional 302 shares during the last quarter. Nexus Investment Management ULC bought a new position in shares of Rogers Communications in the third quarter valued at $203,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Rogers Communications during the third quarter worth $206,000. 45.49% of the stock is owned by institutional investors.

Rogers Communications Stock Up 0.2 %

Shares of RCI opened at $26.95 on Friday. The firm has a market cap of $14.40 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.03 and a beta of 0.69. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.61 and a current ratio of 0.66. Rogers Communications Inc. has a 52 week low of $26.57 and a 52 week high of $46.39. The firm’s 50-day simple moving average is $30.72 and its 200 day simple moving average is $35.84.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. On average, analysts forecast that Rogers Communications Inc. will post 3.58 earnings per share for the current year.

Rogers Communications Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Monday, March 10th will be issued a dividend of $0.347 per share. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Monday, March 10th. Rogers Communications’s dividend payout ratio is currently 60.78%.

Analyst Ratings Changes

RCI has been the subject of a number of recent analyst reports. Barclays reiterated an “equal weight” rating on shares of Rogers Communications in a research note on Tuesday, January 21st. Bank of America downgraded shares of Rogers Communications from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 14th. Finally, Morgan Stanley initiated coverage on Rogers Communications in a research report on Monday, December 16th. They set an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $61.75.

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 company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.