XTX Topco Ltd Has $617,000 Stock Holdings in Rogers Communications Inc. (NYSE:RCI)

XTX Topco Ltd grew its holdings in Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,694 shares of the Wireless communications provider’s stock after buying an additional 1,869 shares during the quarter. XTX Topco Ltd’s holdings in Rogers Communications were worth $617,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its holdings in Rogers Communications by 7.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 567,126 shares of the Wireless communications provider’s stock valued at $26,547,000 after acquiring an additional 37,026 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Rogers Communications by 17.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,962 shares of the Wireless communications provider’s stock valued at $326,000 after acquiring an additional 1,056 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Rogers Communications in the fourth quarter valued at about $1,719,000. Clearbridge Investments LLC bought a new position in Rogers Communications in the fourth quarter valued at about $846,000. Finally, Assetmark Inc. boosted its holdings in Rogers Communications by 1.8% in the fourth quarter. Assetmark Inc. now owns 18,891 shares of the Wireless communications provider’s stock valued at $884,000 after acquiring an additional 331 shares during the last quarter. 45.49% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RCI shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $57.00 price target (down previously from $59.00) on shares of Rogers Communications in a report on Thursday, July 25th. Canaccord Genuity Group cut Rogers Communications from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. TD Securities raised their target price on Rogers Communications from $73.00 to $74.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. StockNews.com upgraded Rogers Communications from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, BMO Capital Markets raised their target price on Rogers Communications from $67.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.75.

Rogers Communications Trading Down 0.2 %

NYSE RCI opened at $40.29 on Tuesday. The firm has a market cap of $21.35 billion, a P/E ratio of 50.36, a P/E/G ratio of 1.06 and a beta of 0.67. The company has a debt-to-equity ratio of 3.58, a current ratio of 0.65 and a quick ratio of 0.60. The stock’s 50-day moving average is $39.53 and its 200-day moving average is $39.29. Rogers Communications Inc. has a one year low of $35.55 and a one year high of $48.19.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings results on Wednesday, July 24th. The Wireless communications provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.33. The company had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.14 billion. Rogers Communications had a return on equity of 23.15% and a net margin of 4.28%. Rogers Communications’s revenue was up .9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 earnings per share. Sell-side analysts anticipate that Rogers Communications Inc. will post 3.59 earnings per share for the current fiscal year.

Rogers Communications Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Monday, September 9th will be given a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date is Monday, September 9th. Rogers Communications’s dividend payout ratio is currently 185.00%.

Rogers Communications Company 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.