CLARET ASSET MANAGEMENT Corp increased its holdings in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 152,671 shares of the company’s stock after purchasing an additional 4,566 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Shaw Communications were worth $2,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of SJR. Great West Life Assurance Co. Can grew its holdings in Shaw Communications by 105.1% in the 3rd quarter. Great West Life Assurance Co. Can now owns 4,789,358 shares of the company’s stock worth $93,385,000 after buying an additional 2,454,150 shares in the last quarter. Citadel Advisors LLC grew its holdings in Shaw Communications by 57.9% in the 3rd quarter. Citadel Advisors LLC now owns 5,380,352 shares of the company’s stock worth $104,804,000 after buying an additional 1,973,047 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Shaw Communications by 46.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,020,773 shares of the company’s stock worth $97,855,000 after buying an additional 1,583,258 shares in the last quarter. Mackenzie Financial Corp grew its holdings in Shaw Communications by 3.0% in the 3rd quarter. Mackenzie Financial Corp now owns 40,614,652 shares of the company’s stock worth $791,580,000 after buying an additional 1,189,449 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Shaw Communications by 77.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,163 shares of the company’s stock worth $25,262,000 after buying an additional 564,354 shares in the last quarter. 53.09% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on SJR. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Tuesday, January 8th. Canaccord Genuity lowered Shaw Communications from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Desjardins raised Shaw Communications from a “hold” rating to a “buy” rating in a report on Tuesday, December 18th. Finally, ValuEngine downgraded Shaw Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $26.00.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last released its earnings results on Monday, January 14th. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.32 billion. Shaw Communications had a return on equity of 14.12% and a net margin of 2.29%. The firm’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.22 earnings per share. On average, analysts predict that Shaw Communications Inc will post 1.03 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be given a $0.0748 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.90 dividend on an annualized basis and a yield of 4.37%. Shaw Communications’s dividend payout ratio (DPR) is 76.27%.
About Shaw Communications
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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