Natixis Advisors LLC Grows Stock Holdings in Rogers Communication, Inc. $RCI

Natixis Advisors LLC raised its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 757.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 292,686 shares of the Wireless communications provider’s stock after purchasing an additional 258,562 shares during the period. Natixis Advisors LLC owned approximately 0.05% of Rogers Communication worth $11,043,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership raised its position in Rogers Communication by 2.9% during the third quarter. Arrowstreet Capital Limited Partnership now owns 9,886,365 shares of the Wireless communications provider’s stock valued at $340,428,000 after purchasing an additional 282,609 shares in the last quarter. Bank of Nova Scotia raised its position in Rogers Communication by 2.3% during the third quarter. Bank of Nova Scotia now owns 8,465,953 shares of the Wireless communications provider’s stock valued at $291,526,000 after purchasing an additional 186,510 shares in the last quarter. TD Asset Management Inc raised its position in Rogers Communication by 18.0% during the third quarter. TD Asset Management Inc now owns 8,344,925 shares of the Wireless communications provider’s stock valued at $287,340,000 after purchasing an additional 1,272,065 shares in the last quarter. Mackenzie Financial Corp raised its position in Rogers Communication by 7.0% during the third quarter. Mackenzie Financial Corp now owns 8,161,532 shares of the Wireless communications provider’s stock valued at $280,904,000 after purchasing an additional 536,623 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Rogers Communication by 67.8% during the third quarter. Bank of America Corp DE now owns 4,866,999 shares of the Wireless communications provider’s stock valued at $167,765,000 after purchasing an additional 1,966,476 shares in the last quarter. Hedge funds and other institutional investors own 45.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Desjardins restated a “hold” rating on shares of Rogers Communication in a research report on Thursday, April 23rd. TD Securities downgraded Rogers Communication from a “buy” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Scotiabank upgraded Rogers Communication from a “hold” rating to an “outperform” rating in a research report on Thursday, April 23rd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $36.00.

Rogers Communication Stock Down 1.0%

Shares of NYSE:RCI opened at $37.68 on Friday. The stock’s 50-day moving average price is $36.05 and its 200-day moving average price is $37.23. Rogers Communication, Inc. has a 12-month low of $26.30 and a 12-month high of $41.14. The stock has a market capitalization of $20.35 billion, a P/E ratio of 3.97, a price-to-earnings-growth ratio of 3.31 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.53 and a debt-to-equity ratio of 1.43.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last announced its quarterly earnings data on Wednesday, April 22nd. The Wireless communications provider reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. Rogers Communication had a return on equity of 12.11% and a net margin of 32.00%.The firm had revenue of $3.94 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts anticipate that Rogers Communication, Inc. will post 3.55 earnings per share for the current year.

Rogers Communication Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Rogers Communication’s dividend payout ratio (DPR) is 15.51%.

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.