25,424 Shares of Rogers Communication, Inc. $RCI Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. acquired a new stake in Rogers Communication, Inc. (NYSE:RCI) (TSE:RCI.B) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 25,424 shares of the Wireless communications provider’s stock, valued at approximately $785,000.

A number of other large investors have also bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Rogers Communication by 277.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 317,533 shares of the Wireless communications provider’s stock worth $12,208,000 after buying an additional 233,449 shares during the period. Nykredit A S bought a new position in Rogers Communication in the second quarter valued at approximately $1,847,000. Hillsdale Investment Management Inc. lifted its stake in Rogers Communication by 4.2% in the first quarter. Hillsdale Investment Management Inc. now owns 991,365 shares of the Wireless communications provider’s stock valued at $38,117,000 after buying an additional 39,638 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in Rogers Communication in the second quarter valued at approximately $1,395,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Rogers Communication by 30.7% in the first quarter. Bank of New York Mellon Corp now owns 426,113 shares of the Wireless communications provider’s stock valued at $16,384,000 after buying an additional 100,162 shares during the period. 45.49% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RCI shares. Desjardins raised shares of Rogers Communication from a “hold” rating to a “buy” rating in a research report on Monday, September 14th. Weiss Ratings lowered shares of Rogers Communication from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Scotiabank reaffirmed an “outperform” rating on shares of Rogers Communication in a research report on Tuesday, July 7th. Wall Street Zen lowered shares of Rogers Communication from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Barclays reduced their target price on shares of Rogers Communication from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Rogers Communication currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Rogers Communication Stock Up 3.0%

NYSE RCI traded up $0.90 during trading on Tuesday, hitting $30.80. The stock had a trading volume of 1,612,120 shares, compared to its average volume of 1,256,380. The company has a market capitalization of $16.64 billion, a PE ratio of 3.72, a P/E/G ratio of 3.75 and a beta of 0.65. The company’s 50-day moving average price is $34.58 and its two-hundred day moving average price is $35.18. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.51 and a current ratio of 0.55. Rogers Communication, Inc. has a 12 month low of $29.25 and a 12 month high of $41.14.

Rogers Communication (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Wednesday, July 22nd. The Wireless communications provider reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.03. The firm had revenue of $3.95 billion during the quarter, compared to the consensus estimate of $3.91 billion. Rogers Communication had a return on equity of 11.56% and a net margin of 27.54%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, sell-side analysts forecast that Rogers Communication, Inc. will post 3.24 EPS for the current year.

Rogers Communication Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Tuesday, September 8th were given a C$0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Tuesday, September 8th. Rogers Communication’s payout ratio is currently 17.39%.

Rogers Communication Company Profile

Rogers Communications Inc is a Canadian communications and media company headquartered in Toronto, Ontario. Founded by Ted Rogers in 1960, the company provides wireless and wireline telecommunications services to consumers, businesses and public-sector organizations across Canada.

Rogers’ telecommunications operations include mobile voice and data services, high-speed internet, cable television, home phone services and related connectivity products. The company also offers business communications, networking, cybersecurity and information technology services through its enterprise operations.

Through Rogers Sports & Media, the company operates television and radio networks, digital media properties and sports-related businesses.