Schroder Investment Management Group lowered its position in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 7.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 146,073 shares of the company’s stock after selling 11,319 shares during the quarter. Schroder Investment Management Group’s holdings in Shaw Communications were worth $4,179,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cutler Group LP lifted its holdings in shares of Shaw Communications by 983.3% during the second quarter. Cutler Group LP now owns 6,500 shares of the company’s stock worth $141,000 after buying an additional 5,900 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Shaw Communications during the first quarter worth $204,000. US Bancorp DE lifted its holdings 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 buying an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings 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 buying an additional 439 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Shaw Communications during the first quarter worth $256,000. 51.83% of the stock is owned by institutional investors.
Shaw Communications Inc. (NYSE:SJR) opened at 22.78 on Wednesday. Shaw Communications Inc. has a 1-year low of $19.02 and a 1-year high of $23.31. The firm has a market cap of $11.24 billion, a P/E ratio of 27.22 and a beta of 0.90. The company has a 50-day moving average price of $22.21 and a 200-day moving average price of $21.60.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. The business had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Shaw Communications had a return on equity of 9.31% and a net margin of 10.01%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, equities research analysts forecast that Shaw Communications Inc. will post $1.09 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, November 29th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.0744 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.89 dividend on an annualized basis and a yield of 3.92%. Shaw Communications’s dividend payout ratio (DPR) is 118.75%.
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SJR has been the subject of a number of research reports. BidaskClub downgraded Shaw Communications from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Thursday, June 15th. Finally, National Bank Financial downgraded Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Shaw Communications has a consensus rating of “Hold” and a consensus target price of $27.00.
About Shaw Communications
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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