Great West Life Assurance Co. Can boosted its holdings in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 11.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,893,536 shares of the company’s stock after purchasing an additional 393,291 shares during the period. Great West Life Assurance Co. Can owned about 0.82% of Shaw Communications worth $89,429,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisor Group Inc. increased its holdings in shares of Shaw Communications by 170.3% during the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after buying an additional 2,953 shares in the last quarter. US Bancorp DE boosted its position in shares of Shaw Communications by 14.6% during the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock worth $217,000 after purchasing an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in shares of Shaw Communications by 4.4% during the second quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock worth $225,000 after purchasing an additional 439 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Shaw Communications during the second quarter worth $252,000. Finally, Sigma Planning Corp bought a new position in shares of Shaw Communications during the third quarter worth $258,000. Hedge funds and other institutional investors own 50.86% of the company’s stock.
Shaw Communications Inc. (NYSE SJR) traded up $0.09 on Monday, reaching $22.31. 260,500 shares of the company traded hands, compared to its average volume of 499,182. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70. Shaw Communications Inc. has a 1-year low of $19.41 and a 1-year high of $23.31. The company has a market cap of $10,582.77, a PE ratio of 26.25, a P/E/G ratio of 4.25 and a beta of 0.97.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.0781 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 annualized dividend and a yield of 4.20%. Shaw Communications’s dividend payout ratio (DPR) is presently 69.17%.
A number of equities analysts have recently weighed in on SJR shares. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Zacks Investment Research raised shares of Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 19th. Barclays PLC boosted their price objective on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. BidaskClub raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.00.
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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