JPMorgan Chase & Co. grew its holdings in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,217,477 shares of the company’s stock after purchasing an additional 39,620 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.26% of Shaw Communications worth $28,111,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SJR. Advisor Group Inc. raised its holdings in shares of Shaw Communications by 170.3% during the 2nd quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock worth $101,000 after acquiring an additional 2,953 shares during the period. US Bancorp DE grew 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 buying an additional 1,267 shares in the last quarter. Wetherby Asset Management Inc. grew 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 buying an additional 439 shares in the last quarter. Ameriprise Financial Inc. acquired a new position in Shaw Communications in the second quarter valued at approximately $252,000. Finally, Sigma Planning Corp acquired a new position in Shaw Communications in the third quarter valued at approximately $258,000. 52.53% of the stock is currently owned by institutional investors.

Shaw Communications Inc. (NYSE SJR) traded up $0.17 during trading hours on Thursday, reaching $23.34. The company had a trading volume of 658,600 shares, compared to its average volume of 498,592. Shaw Communications Inc. has a twelve month low of $19.76 and a twelve month high of $23.44. The firm has a market cap of $11,039.49, a price-to-earnings ratio of 27.26, a P/E/G ratio of 4.54 and a beta of 0.95. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 0.70.

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.0781 per share. This represents a $0.94 annualized dividend and a yield of 4.01%. The ex-dividend date is Wednesday, February 14th. Shaw Communications’s payout ratio is currently 69.17%.

A number of equities research analysts have weighed in on the company. Zacks Investment Research cut Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. Bank of America reiterated a “neutral” rating and issued a $32.00 price objective on shares of Shaw Communications in a research report on Tuesday, December 5th. BidaskClub raised Shaw Communications from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Scotiabank lowered Shaw Communications from an “outperform” rating to a “sector perform” rating in a report on Thursday, October 12th. Finally, TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Shaw Communications has an average rating of “Hold” and an average price target of $27.50.

TRADEMARK VIOLATION NOTICE: “JPMorgan Chase & Co. Acquires 39,620 Shares of Shaw Communications Inc. (SJR)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.watchlistnews.com/jpmorgan-chase-co-acquires-39620-shares-of-shaw-communications-inc-sjr/1763799.html.

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.

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

Receive News & Ratings for Shaw Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications and related companies with Analyst Ratings Network's FREE daily email newsletter.