Public Employees Retirement System of Ohio Has $8.82 Million Position in Rogers Communication, Inc. $RCI

Public Employees Retirement System of Ohio trimmed its position in shares of Rogers Communication, Inc. (NYSE:RCIFree Report) (TSE:RCI.B) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 230,052 shares of the Wireless communications provider’s stock after selling 17,542 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Rogers Communication were worth $8,817,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Manchester Capital Management LLC bought a new position in Rogers Communication in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its holdings 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 last quarter. Headlands Technologies LLC grew its holdings 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 last quarter. EverSource Wealth Advisors LLC increased its position in Rogers Communication by 52.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,981 shares of the Wireless communications provider’s stock valued at $59,000 after acquiring an additional 683 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Rogers Communication in the 3rd quarter valued at approximately $63,000. 45.49% of the stock is currently owned by institutional investors.

Rogers Communication Stock Performance

Shares of RCI stock opened at $32.81 on Tuesday. The firm has a 50 day moving average of $35.54 and a 200-day moving average of $36.53. The company has a market cap of $17.73 billion, a price-to-earnings ratio of 3.96, a price-to-earnings-growth ratio of 4.08 and a beta of 0.64. The company has a quick ratio of 0.51, a current ratio of 0.55 and a debt-to-equity ratio of 1.54. Rogers Communication, Inc. has a 52 week low of $31.38 and a 52 week high of $41.14.

Rogers Communication (NYSE:RCIGet Free Report) (TSE:RCI.B) last released its earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.03. The company had revenue of $3.95 billion for the quarter, compared to the consensus estimate of $3.91 billion. Rogers Communication had a net margin of 27.54% and a return on equity of 11.56%. Rogers Communication’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.14 EPS. On average, equities analysts forecast that Rogers Communication, Inc. will post 3.27 earnings per share for the current year.

Rogers Communication Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 8th. This represents a $2.00 annualized dividend and a dividend yield of 6.1%. Rogers Communication’s dividend payout ratio is currently 17.51%.

Wall Street Analyst Weigh In

RCI has been the topic of a number of recent research reports. Barclays cut their price target on shares of Rogers Communication from $37.00 to $36.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Desjardins restated a “hold” rating on shares of Rogers Communication in a report on Thursday, April 23rd. TD Securities reaffirmed a “buy” rating on shares of Rogers Communication in a research report on Thursday. Raymond James Financial assumed coverage on Rogers Communication in a report on Wednesday, July 15th. They set an “outperform” rating on the stock. Finally, Weiss Ratings lowered Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Rogers Communication presently has a consensus rating of “Hold” and an average price target of $36.00.

Read Our Latest Analysis on RCI

Rogers Communication Profile

(Free Report)

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

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