JPMorgan Chase & Co. Acquires 39,620 Shares of Shaw Communications Inc. (SJR)
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.
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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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