Shaw Communications Inc. (SJR) Shares Bought by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 4.0% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 65,000 shares of the company’s stock after buying an additional 2,500 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Shaw Communications were worth $1,091,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of SJR. Cutler Group LP raised its stake in Shaw Communications by 983.3% in the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock valued at $141,000 after buying an additional 5,900 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Shaw Communications during the first quarter valued at approximately $204,000. Wetherby Asset Management Inc. acquired a new stake in Shaw Communications during the first quarter valued at approximately $205,000. US Bancorp DE raised its stake in Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after buying an additional 1,267 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock valued at $233,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 53.35% of the company’s stock.
Shares of Shaw Communications Inc. (NYSE:SJR) opened at 22.10 on Friday. Shaw Communications Inc. has a one year low of $19.02 and a one year high of $23.31. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 26.79 and a beta of 0.91. The firm’s 50-day moving average is $21.95 and its 200-day moving average is $21.45.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.19. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. Shaw Communications’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 earnings per share. Equities research analysts forecast that Shaw Communications Inc. will post $1.05 EPS for the current year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a $0.0744 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date is Tuesday, November 14th. Shaw Communications’s dividend payout ratio is currently 118.75%.
Several equities research analysts have recently commented on SJR shares. BidaskClub lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity set a $28.00 price target on shares of Shaw Communications and gave the company a “hold” rating in a research report on Monday, May 1st. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Thursday, June 15th. Finally, National Bank Financial lowered shares of Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.
About Shaw Communications
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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