Crossmark Global Holdings Inc. Sells 3,160 Shares of Rogers Communications Inc. (RCI)

Crossmark Global Holdings Inc. trimmed its stake in shares of Rogers Communications Inc. (NYSE:RCI) (TSE:RCI.B) by 6.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,476 shares of the Wireless communications provider’s stock after selling 3,160 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Rogers Communications were worth $2,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of RCI. Trexquant Investment LP bought a new position in Rogers Communications during the 3rd quarter worth approximately $205,000. Fort Pitt Capital Group LLC bought a new position in Rogers Communications during the 3rd quarter worth approximately $211,000. Cumberland Partners Ltd bought a new position in Rogers Communications during the 3rd quarter worth approximately $245,000. OxFORD Asset Management LLP grew its position in Rogers Communications by 11.8% during the 2nd quarter. OxFORD Asset Management LLP now owns 8,138 shares of the Wireless communications provider’s stock worth $384,000 after acquiring an additional 857 shares during the last quarter. Finally, Dean Capital Investments Management LLC bought a new position in Rogers Communications during the 4th quarter worth approximately $485,000. Institutional investors and hedge funds own 47.73% of the company’s stock.

Shares of Rogers Communications Inc. (RCI) opened at $45.14 on Monday. Rogers Communications Inc. has a fifty-two week low of $41.33 and a fifty-two week high of $54.95. The company has a debt-to-equity ratio of 2.00, a current ratio of 0.44 and a quick ratio of 0.39. The firm has a market capitalization of $23,238.52, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 2.88 and a beta of 0.85.

Rogers Communications (NYSE:RCI) (TSE:RCI.B) last released its quarterly earnings data on Thursday, January 25th. The Wireless communications provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Rogers Communications had a return on equity of 30.65% and a net margin of 12.09%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.63 billion. During the same quarter last year, the business posted $0.74 EPS. The business’s revenue was up 3.5% on a year-over-year basis. sell-side analysts forecast that Rogers Communications Inc. will post 3.13 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Shareholders of record on Monday, March 12th will be issued a $0.3843 dividend. This represents a $1.54 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, March 9th. Rogers Communications’s dividend payout ratio (DPR) is currently 59.77%.

Several equities analysts recently issued reports on RCI shares. Zacks Investment Research lowered Rogers Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Bank of America started coverage on Rogers Communications in a research report on Tuesday, November 21st. They set a “buy” rating on the stock. Morgan Stanley raised their price target on Rogers Communications from $67.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Friday, November 17th. Desjardins upgraded Rogers Communications from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, National Bank Financial lowered Rogers Communications from an “outperform” rating to a “sector perform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $62.75.

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Rogers Communications Profile

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.

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

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