Bank of New York Mellon Corp boosted its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 2.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,319 shares of the company’s stock after buying an additional 13,115 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.14% of Shaw Communications worth $15,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sigma Planning Corp purchased a new stake in shares of Shaw Communications during the third quarter valued at approximately $258,000. Advisor Group Inc. boosted its stake in shares of Shaw Communications by 72.0% during the third quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock valued at $186,000 after purchasing an additional 3,374 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Shaw Communications by 23.9% during the third quarter. Anchor Capital Advisors LLC now owns 54,940 shares of the company’s stock valued at $1,264,000 after purchasing an additional 10,610 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Shaw Communications by 3.4% during the third quarter. CIBC Asset Management Inc now owns 7,204,929 shares of the company’s stock valued at $165,401,000 after purchasing an additional 234,868 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Shaw Communications by 0.7% during the third quarter. Swiss National Bank now owns 1,631,800 shares of the company’s stock valued at $37,570,000 after purchasing an additional 11,100 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.
Shares of Shaw Communications Inc (NYSE SJR) traded down $0.68 during trading on Thursday, hitting $21.57. The company had a trading volume of 1,324,600 shares, compared to its average volume of 499,654. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. The company has a market capitalization of $10,810.00, a P/E ratio of 24.24, a PEG ratio of 4.53 and a beta of 0.96. Shaw Communications Inc has a one year low of $20.13 and a one year high of $23.44.
The firm also recently announced a jan 18 dividend, which will be paid on Wednesday, March 28th. Investors of record on Thursday, March 15th will be issued a dividend of $0.0988 per share. Shaw Communications’s dividend payout ratio is presently 105.62%.
SJR has been the subject of a number of analyst reports. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Monday, October 2nd. Barclays increased their price objective on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a research note on Thursday. Finally, Bank of America restated a “neutral” rating and set a $32.00 target price on shares of Shaw Communications in a report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. Shaw Communications has an average rating of “Hold” and an average price target of $27.00.
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Shaw Communications Company Profile
Shaw Communications Inc (Shaw) is a diversified connectivity provider. The Company operates through four divisions: Consumer, Wireless, Business Network Services and Business Infrastructure Services. Under the Consumer division, the Company offers Cable telecommunications and Satellite video services to residential customers.
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