Rogers Communication, Inc. (RCI) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. grew its position in shares of Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,275 shares of the Wireless communications provider’s stock after purchasing an additional 7,658 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Rogers Communication were worth $2,694,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. NGAM Advisors L.P. grew its position in shares of Rogers Communication by 0.3% during the second quarter. NGAM Advisors L.P. now owns 25,788 shares of the Wireless communications provider’s stock valued at $1,217,000 after purchasing an additional 81 shares in the last quarter. Creative Planning grew its position in shares of Rogers Communication by 7.8% during the second quarter. Creative Planning now owns 2,391 shares of the Wireless communications provider’s stock valued at $113,000 after purchasing an additional 173 shares in the last quarter. AXA grew its position in shares of Rogers Communication by 1.8% during the second quarter. AXA now owns 27,848 shares of the Wireless communications provider’s stock valued at $1,315,000 after purchasing an additional 500 shares in the last quarter. US Bancorp DE grew its position in shares of Rogers Communication by 14.6% during the second quarter. US Bancorp DE now owns 3,930 shares of the Wireless communications provider’s stock valued at $185,000 after purchasing an additional 501 shares in the last quarter. Finally, Everett Harris & Co. CA grew its position in shares of Rogers Communication by 1.8% during the second quarter. Everett Harris & Co. CA now owns 31,845 shares of the Wireless communications provider’s stock valued at $1,503,000 after purchasing an additional 565 shares in the last quarter. Hedge funds and other institutional investors own 47.31% of the company’s stock.

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A number of brokerages have recently weighed in on RCI. Zacks Investment Research upgraded Rogers Communication from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a research report on Monday, September 25th. TheStreet upgraded Rogers Communication from a “c+” rating to a “b” rating in a research report on Thursday, October 19th. Morgan Stanley raised their price objective on Rogers Communication from $67.00 to $71.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Barclays PLC lifted their price target on Rogers Communication from $56.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.80.

Rogers Communication, Inc. (RCI) opened at $53.65 on Friday. The company has a market capitalization of $27,619.56, a PE ratio of 21.21, a P/E/G ratio of 3.94 and a beta of 0.93. Rogers Communication, Inc. has a 12-month low of $37.81 and a 12-month high of $54.24. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.41 and a quick ratio of 0.38.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Thursday, October 19th. The Wireless communications provider reported $0.81 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.19). The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Rogers Communication had a return on equity of 30.40% and a net margin of 9.20%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.83 EPS. analysts expect that Rogers Communication, Inc. will post 2.72 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Monday, December 11th will be given a $0.48 dividend. The ex-dividend date is Friday, December 8th. This represents a $1.92 annualized dividend and a yield of 3.58%. Rogers Communication’s dividend payout ratio is currently 81.48%.

About Rogers Communication

Rogers Communications Inc is a communications and media company. The Company provides wireless communications services, and cable television, Internet, information technology (IT) and telephony services to consumers and businesses. Its segments include Wireless, Cable, Business Solutions and Media. The Wireless segment is engaged in wireless telecommunications operations for Canadian consumers and businesses.

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

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