Lincluden Management Ltd. raised its position in shares of Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,209,676 shares of the company’s stock after acquiring an additional 196,050 shares during the quarter. Shaw Communications makes up approximately 3.6% of Lincluden Management Ltd.’s holdings, making the stock its 14th largest position. Lincluden Management Ltd. owned 0.46% of Shaw Communications worth $51,674,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of SJR. Advisor Group Inc. boosted its position in Shaw Communications by 72.0% during the 3rd quarter. Advisor Group Inc. now owns 8,061 shares of the company’s stock valued at $186,000 after acquiring an additional 3,374 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Shaw Communications by 2.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 679,319 shares of the company’s stock valued at $15,631,000 after acquiring an additional 13,115 shares in the last quarter. Advisors Asset Management Inc. boosted its position in shares of Shaw Communications by 4.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 106,629 shares of the company’s stock worth $2,454,000 after purchasing an additional 4,886 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Shaw Communications by 3.9% in the 3rd quarter. Mawer Investment Management Ltd. now owns 9,876,821 shares of the company’s stock worth $227,473,000 after purchasing an additional 368,387 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Shaw Communications by 2.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 160,378 shares of the company’s stock worth $3,683,000 after purchasing an additional 4,222 shares in the last quarter. 53.97% of the stock is currently owned by institutional investors and hedge funds.
SJR has been the topic of a number of analyst reports. TD Securities raised Shaw Communications to a “buy” rating in a research report on Friday, January 12th. Canaccord Genuity set a $28.00 price target on Shaw Communications and gave the stock a “hold” rating in a research report on Thursday, January 11th. Bank of America reissued a “neutral” rating and issued a $32.00 price target on shares of Shaw Communications in a research report on Tuesday, December 5th. Finally, Zacks Investment Research lowered shares of Shaw Communications from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $27.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last announced its earnings results on Thursday, January 11th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.06). The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Shaw Communications had a net margin of 17.34% and a return on equity of 9.89%. Shaw Communications’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 earnings per share. equities research analysts predict that Shaw Communications Inc will post 0.94 earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, April 27th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.0795 per share. The ex-dividend date is Thursday, April 12th. This represents a $0.95 dividend on an annualized basis and a yield of 5.07%. Shaw Communications’s dividend payout ratio is presently 68.84%.
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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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