Guardian Partners Inc. Acquires Shares of 280,175 Rogers Communications Inc. (NYSE:RCI)

Guardian Partners Inc. acquired a new stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 280,175 shares of the Wireless communications provider’s stock, valued at approximately $8,554,000. Guardian Partners Inc. owned approximately 0.05% of Rogers Communications as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Crossmark Global Holdings Inc. grew its stake in shares of Rogers Communications by 1.6% in the fourth quarter. Crossmark Global Holdings Inc. now owns 23,563 shares of the Wireless communications provider’s stock worth $725,000 after acquiring an additional 379 shares during the period. Verition Fund Management LLC grew its stake in shares of Rogers Communications by 7.9% in the third quarter. Verition Fund Management LLC now owns 7,484 shares of the Wireless communications provider’s stock worth $301,000 after acquiring an additional 551 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Rogers Communications by 4.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,194 shares of the Wireless communications provider’s stock worth $436,000 after acquiring an additional 571 shares during the period. Waldron Private Wealth LLC grew its stake in shares of Rogers Communications by 3.1% in the fourth quarter. Waldron Private Wealth LLC now owns 21,943 shares of the Wireless communications provider’s stock worth $682,000 after acquiring an additional 660 shares during the period. Finally, State Street Corp grew its stake in shares of Rogers Communications by 0.5% in the third quarter. State Street Corp now owns 136,766 shares of the Wireless communications provider’s stock worth $5,550,000 after acquiring an additional 661 shares during the period. 45.49% of the stock is currently owned by institutional investors.

Rogers Communications Price Performance

Shares of NYSE:RCI opened at $27.39 on Friday. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.66 and a quick ratio of 0.61. Rogers Communications Inc. has a 1-year low of $26.57 and a 1-year high of $41.84. The company has a market capitalization of $14.69 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.43 and a beta of 0.67. The firm’s 50 day simple moving average is $28.08 and its two-hundred day simple moving average is $33.35.

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

Rogers Communications Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Monday, March 10th will be given a dividend of $0.347 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.39 dividend on an annualized basis and a dividend yield of 5.07%. Rogers Communications’s dividend payout ratio is 59.48%.

Analyst Ratings Changes

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

Rogers Communications Profile

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.