The Manufacturers Life Insurance Company lessened its holdings in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 68.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,524,056 shares of the company’s stock after selling 3,381,729 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Shaw Communications were worth $34,795,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in SJR. Advisor Group Inc. grew its position in Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after acquiring an additional 2,953 shares during the last quarter. Ameriprise Financial Inc. bought a new position in Shaw Communications in the second quarter valued at about $252,000. Sigma Planning Corp bought a new position in Shaw Communications in the third quarter valued at about $258,000. Cubist Systematic Strategies LLC bought a new position in Shaw Communications in the second quarter valued at about $326,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Shaw Communications in the fourth quarter valued at about $467,000. Hedge funds and other institutional investors own 61.46% of the company’s stock.
A number of research analysts have issued reports on SJR shares. Barclays lifted their target price on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. Zacks Investment Research upgraded Shaw Communications from a “strong sell” rating to a “hold” rating in a research report on Monday, October 30th. TheStreet upgraded Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Bank of America reiterated a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a research report on Tuesday, December 5th. Finally, Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the company a “hold” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. Shaw Communications currently has a consensus rating of “Hold” and an average target price of $27.00.
Shares of Shaw Communications Inc (SJR) opened at $19.97 on Wednesday. The firm has a market capitalization of $9,533.88, a PE ratio of 21.99, a PEG ratio of 4.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.66 and a current ratio of 0.76. Shaw Communications Inc has a twelve month low of $19.69 and a twelve month high of $23.44.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its quarterly earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.06). The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.26 billion. Shaw Communications had a return on equity of 9.89% and a net margin of 17.34%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. research analysts anticipate that Shaw Communications Inc will post 0.95 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 13th will be issued a dividend of $0.0795 per share. This represents a $0.95 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, April 12th. Shaw Communications’s dividend payout ratio (DPR) is currently 66.67%.
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Shaw Communications 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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