Bank of Montreal Can lessened its holdings in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,501,362 shares of the company’s stock after selling 2,763,917 shares during the quarter. Bank of Montreal Can owned 1.54% of Shaw Communications worth $135,699,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Voya Investment Management LLC boosted its position in shares of Shaw Communications by 601.5% in the 2nd quarter. Voya Investment Management LLC now owns 110,552 shares of the company’s stock worth $2,250,000 after purchasing an additional 94,792 shares during the last quarter. Bank of America Corp DE boosted its position in shares of Shaw Communications by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 2,234,382 shares of the company’s stock worth $45,471,000 after purchasing an additional 39,661 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Shaw Communications in the 2nd quarter worth $137,000. Jane Street Group LLC bought a new position in shares of Shaw Communications in the 2nd quarter worth $366,000. Finally, Northern Trust Corp boosted its position in shares of Shaw Communications by 15.8% in the 2nd quarter. Northern Trust Corp now owns 469,533 shares of the company’s stock worth $9,555,000 after purchasing an additional 64,189 shares during the last quarter. Hedge funds and other institutional investors own 53.09% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research reiterated a “hold” rating on shares of Shaw Communications in a report on Thursday, November 15th. ValuEngine upgraded Shaw Communications from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Canaccord Genuity lowered Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, Desjardins upgraded Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Shaw Communications currently has an average rating of “Buy” and a consensus target price of $26.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Monday, January 14th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.09. Shaw Communications had a return on equity of 14.12% and a net margin of 2.29%. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.22 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts predict that Shaw Communications Inc will post 1.03 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be paid a $0.0748 dividend. This represents a $0.90 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Friday, April 12th. Shaw Communications’s dividend payout ratio is 73.73%.
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Shaw Communications Company Profile
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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