Forsta AP Fonden grew its holdings in Shaw Communications (NYSE:SJR) (TSE:SJR.B) by 85.9% during the 1st quarter, Holdings Channel reports. The firm owned 485,702 shares of the company’s stock after acquiring an additional 224,500 shares during the quarter. Forsta AP Fonden’s holdings in Shaw Communications were worth $9,350,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Icon Wealth Partners LLC acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $118,000. Citadel Advisors LLC acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $217,000. First Republic Investment Management Inc. acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $284,000. Investors Research Corp acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $391,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in shares of Shaw Communications in the fourth quarter valued at about $467,000. 52.40% of the stock is currently owned by institutional investors.
Several equities research analysts have recently issued reports on the company. Scotiabank raised Shaw Communications from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 13th. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the company a “hold” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised Shaw Communications from a “sell” rating to a “hold” rating in a research report on Thursday, April 12th. Finally, Barclays raised Shaw Communications from an “equal weight” rating to an “overweight” rating in a research report on Thursday, April 12th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Shaw Communications has a consensus rating of “Buy” and an average price target of $27.00.
SJR stock opened at $20.41 on Friday. Shaw Communications has a twelve month low of $18.50 and a twelve month high of $23.44. The stock has a market cap of $9.81 billion, a P/E ratio of 24.30, a PEG ratio of 4.29 and a beta of 0.94. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.54 and a current ratio of 0.63.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Thursday, April 12th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Shaw Communications had a return on equity of 11.49% and a net margin of 10.97%. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. sell-side analysts predict that Shaw Communications will post 0.95 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Thursday, August 30th. Investors of record on Wednesday, August 15th will be given a dividend of $0.0773 per share. This represents a $0.93 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Tuesday, August 14th. Shaw Communications’s dividend payout ratio (DPR) is presently 113.10%.
Shaw Communications Profile
Shaw Communications Inc operates as a diversified communications company in North America. The company operates through Consumer, Business Network Services, and Wireless segments. The Consumer segment provides cable telecommunications services, including video, Internet, Wi-Fi, phone, and satellite video services to residential customers.
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