TD Waterhouse Canada Inc. Raises Stock Holdings in Rogers Communication, Inc. $RCI

TD Waterhouse Canada Inc. raised its position in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,446,406 shares of the Wireless communications provider’s stock after buying an additional 32,872 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Rogers Communication were worth $92,242,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in Rogers Communication by 6.0% in the third quarter. Van ECK Associates Corp now owns 5,889 shares of the Wireless communications provider’s stock valued at $203,000 after buying an additional 334 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Rogers Communication by 107.4% in the fourth quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock valued at $30,000 after buying an additional 407 shares during the last quarter. Gold Investment Management Ltd. lifted its stake in Rogers Communication by 2.1% in the third quarter. Gold Investment Management Ltd. now owns 29,233 shares of the Wireless communications provider’s stock valued at $1,007,000 after buying an additional 590 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in Rogers Communication by 1.8% in the second quarter. Public Sector Pension Investment Board now owns 37,181 shares of the Wireless communications provider’s stock valued at $1,101,000 after buying an additional 640 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Rogers Communication by 52.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after buying an additional 683 shares during the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on RCI shares. TD Cowen restated a “buy” rating on shares of Rogers Communication in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Rogers Communication in a research note on Friday, December 26th. Barclays restated a “positive” rating and set a $37.00 price target on shares of Rogers Communication in a research note on Tuesday, January 27th. Royal Bank Of Canada restated an “outperform” rating on shares of Rogers Communication in a research note on Tuesday, January 13th. Finally, TD Securities cut Rogers Communication from a “buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Rogers Communication Price Performance

Rogers Communication stock opened at $33.26 on Monday. Rogers Communication, Inc. has a 12 month low of $24.67 and a 12 month high of $41.14. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.61 and a quick ratio of 0.57. The business has a 50 day simple moving average of $37.67 and a 200-day simple moving average of $37.44. The stock has a market capitalization of $17.97 billion, a PE ratio of 3.60, a price-to-earnings-growth ratio of 5.90 and a beta of 0.72.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, January 29th. The Wireless communications provider reported $1.08 EPS for the quarter, topping the consensus estimate of $0.98 by $0.10. Rogers Communication had a return on equity of 14.22% and a net margin of 32.29%.The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts predict that Rogers Communication, Inc. will post 3.57 earnings per share for the current year.

Rogers Communication Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Tuesday, March 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, March 10th. Rogers Communication’s dividend payout ratio is currently 15.89%.

Rogers Communication Company 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.