Toronto Dominion Bank Has $41.71 Million Stake in Shaw Communications (SJR)

Toronto Dominion Bank trimmed its stake in Shaw Communications (NYSE:SJR) (TSE:SJR.B) by 10.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,154,782 shares of the company’s stock after selling 248,508 shares during the period. Toronto Dominion Bank’s holdings in Shaw Communications were worth $41,712,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SJR. Mackenzie Financial Corp lifted its stake in shares of Shaw Communications by 1,002.5% in the 4th quarter. Mackenzie Financial Corp now owns 49,025,287 shares of the company’s stock valued at $1,119,247,000 after purchasing an additional 44,578,411 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Shaw Communications by 14.3% in the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,331,842 shares of the company’s stock valued at $213,680,000 after purchasing an additional 1,166,633 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Shaw Communications by 177.5% in the 4th quarter. Renaissance Technologies LLC now owns 1,391,900 shares of the company’s stock valued at $31,803,000 after purchasing an additional 890,300 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Shaw Communications by 10.4% in the 4th quarter. CIBC Asset Management Inc now owns 7,953,685 shares of the company’s stock valued at $182,297,000 after purchasing an additional 748,756 shares during the last quarter. Finally, Mawer Investment Management Ltd. lifted its stake in shares of Shaw Communications by 4.4% in the 1st quarter. Mawer Investment Management Ltd. now owns 10,048,276 shares of the company’s stock valued at $193,420,000 after purchasing an additional 425,693 shares during the last quarter. 53.75% of the stock is owned by institutional investors and hedge funds.

Shares of Shaw Communications opened at $20.59 on Thursday, according to Marketbeat.com. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.72. Shaw Communications has a fifty-two week low of $18.50 and a fifty-two week high of $23.44. The company has a market capitalization of $9.81 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 4.29 and a beta of 0.94.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings results on Thursday, April 12th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.17. Shaw Communications had a return on equity of 11.49% and a net margin of 10.97%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the business posted $0.30 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. equities research analysts anticipate that Shaw Communications will post 0.95 earnings per share for the current year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 30th. Stockholders of record on Wednesday, August 15th will be issued a $0.0773 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.93 annualized dividend and a dividend yield of 4.50%. Shaw Communications’s payout ratio is 113.10%.

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 note on Friday, April 13th. Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the company a “hold” rating in a research note on Tuesday, April 10th. Zacks Investment Research upgraded Shaw Communications from a “sell” rating to a “hold” rating in a report on Thursday, April 12th. TheStreet downgraded Shaw Communications from a “b-” rating to a “c” rating in a report on Friday, May 18th. Finally, Barclays upgraded Shaw Communications from an “equal weight” rating to an “overweight” rating in a report on Thursday, April 12th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $27.00.

Shaw Communications Company 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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Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

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