Rogers Communications Inc. (NYSE:RCI) Shares Bought by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co boosted its position in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 30.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 317,971 shares of the Wireless communications provider’s stock after buying an additional 73,618 shares during the period. Rogers Communications accounts for approximately 1.9% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 17th biggest holding. DORCHESTER WEALTH MANAGEMENT Co owned about 0.06% of Rogers Communications worth $9,693,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Cromwell Holdings LLC acquired a new position in Rogers Communications during the third quarter worth approximately $31,000. Y Intercept Hong Kong Ltd acquired a new position in Rogers Communications during the third quarter worth approximately $206,000. V Square Quantitative Management LLC increased its position in Rogers Communications by 19.1% during the fourth quarter. V Square Quantitative Management LLC now owns 5,795 shares of the Wireless communications provider’s stock worth $178,000 after buying an additional 930 shares during the period. Tidal Investments LLC acquired a new position in Rogers Communications during the third quarter worth approximately $248,000. Finally, Signaturefd LLC increased its position in Rogers Communications by 11.1% during the third quarter. Signaturefd LLC now owns 6,627 shares of the Wireless communications provider’s stock worth $266,000 after buying an additional 664 shares during the period. Institutional investors and hedge funds own 45.49% of the company’s stock.

Rogers Communications Trading Up 0.5 %

NYSE:RCI opened at $28.19 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 3.67. Rogers Communications Inc. has a 12-month low of $26.57 and a 12-month high of $45.93. The firm has a market cap of $15.06 billion, a P/E ratio of 12.15, a PEG ratio of 1.43 and a beta of 0.68. The stock’s 50 day simple moving average is $29.12 and its 200-day simple moving average is $35.04.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last posted its quarterly earnings results on Thursday, January 30th. The Wireless communications provider reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. Rogers Communications had a return on equity of 25.19% and a net margin of 8.40%. Equities analysts anticipate that Rogers Communications Inc. will post 3.57 EPS for the current year.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be paid a $0.347 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 4.92%. Rogers Communications’s dividend payout ratio (DPR) is presently 59.05%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays reaffirmed an “equal weight” rating on shares of Rogers Communications in a research report on Tuesday, January 21st. Bank of America lowered Rogers Communications from a “buy” rating to a “neutral” rating in a report on Tuesday, January 14th. Finally, Morgan Stanley initiated coverage on Rogers Communications in a report on Monday, December 16th. They issued an “underweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $61.75.

About Rogers Communications

Rogers Communications Inc operates as a communications and media company in Canada. It operates through three segments: Wireless, Cable, and Media. The company offers mobile Internet access, wireless voice and enhanced voice, device financing, device protection, global voice and data roaming, wireless home phone, bridging landline, machine-to-machine and Internet of Things solutions, and advanced wireless solutions for businesses, as well as device shipping and express pickup services; and postpaid and prepaid services under the Rogers, Fido, and chatr brands.