Gabelli Funds LLC boosted its holdings in shares of Rogers Communication, Inc. (NYSE:RCI – Free Report) (TSE:RCI.B) by 3.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,353,300 shares of the Wireless communications provider’s stock after acquiring an additional 43,200 shares during the quarter. Gabelli Funds LLC’s holdings in Rogers Communication were worth $51,060,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in Rogers Communication by 107.4% during the 4th quarter. Farther Finance Advisors LLC now owns 786 shares of the Wireless communications provider’s stock worth $30,000 after acquiring an additional 407 shares during the period. Headlands Technologies LLC boosted its position in Rogers Communication by 143.2% during the 2nd quarter. Headlands Technologies LLC now owns 1,661 shares of the Wireless communications provider’s stock worth $49,000 after acquiring an additional 978 shares during the period. FNY Investment Advisers LLC acquired a new stake in Rogers Communication during the 3rd quarter worth about $58,000. EverSource Wealth Advisors LLC boosted its position in Rogers Communication by 52.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock worth $59,000 after acquiring an additional 683 shares during the period. Finally, Advisory Services Network LLC acquired a new stake in Rogers Communication during the 3rd quarter worth about $63,000. 45.49% of the stock is currently owned by institutional investors and hedge funds.
Rogers Communication Stock Up 0.1%
RCI opened at $35.37 on Monday. The business has a 50 day moving average price of $36.65 and a 200 day moving average price of $37.34. Rogers Communication, Inc. has a twelve month low of $25.37 and a twelve month high of $41.14. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.53 and a current ratio of 0.55. The firm has a market cap of $19.10 billion, a P/E ratio of 3.73, a price-to-earnings-growth ratio of 3.11 and a beta of 0.61.
Rogers Communication Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 9th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.7%. The ex-dividend date is Tuesday, June 9th. Rogers Communication’s payout ratio is 15.51%.
Analyst Ratings Changes
RCI has been the subject of a number of research reports. TD Cowen restated a “buy” rating on shares of Rogers Communication in a research report on Friday, January 30th. Desjardins reiterated a “hold” rating on shares of Rogers Communication in a report on Thursday, April 23rd. Wall Street Zen lowered Rogers Communication from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. Scotiabank upgraded Rogers Communication from a “hold” rating to an “outperform” rating in a report on Thursday, April 23rd. Finally, TD Securities lowered Rogers Communication from a “buy” rating to a “hold” rating in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $36.00.
View Our Latest Report on Rogers Communication
Rogers Communication 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.
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