Shaw Communications Inc (NYSE:SJR) Stake Raised by DekaBank Deutsche Girozentrale
DekaBank Deutsche Girozentrale raised its position in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 69.8% during the second quarter, Holdings Channel reports. The firm owned 308,516 shares of the company’s stock after buying an additional 126,816 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Shaw Communications were worth $6,779,000 as of its most recent filing with the SEC.
Several other institutional investors have also added to or reduced their stakes in the company. Vantage Investment Partners LLC acquired a new position in Shaw Communications during the first quarter worth $11,338,000. Advisory Services Network LLC acquired a new position in Shaw Communications during the first quarter worth $464,000. Greenleaf Trust raised its position in Shaw Communications by 1.7% in the first quarter. Greenleaf Trust now owns 11,228 shares of the company’s stock worth $233,000 after buying an additional 190 shares during the period. Wetherby Asset Management Inc. acquired a new position in Shaw Communications during the first quarter worth $205,000. Finally, Russell Investments Group Ltd. raised its position in Shaw Communications by 10.9% in the first quarter. Russell Investments Group Ltd. now owns 1,226,947 shares of the company’s stock worth $25,360,000 after buying an additional 120,740 shares during the period. 53.35% of the stock is owned by hedge funds and other institutional investors.
Shares of Shaw Communications Inc (SJR) opened at 22.01 on Tuesday. The company has a 50 day moving average price of $21.98 and a 200-day moving average price of $21.42. The stock has a market capitalization of $10.86 billion, a P/E ratio of 26.36 and a beta of 0.91. Shaw Communications Inc has a 52-week low of $19.02 and a 52-week high of $23.31.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.19. Shaw Communications had a return on equity of 11.76% and a net margin of 12.51%. The firm had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm earned $0.11 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that Shaw Communications Inc will post $1.04 earnings per share for the current fiscal year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.0744 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Tuesday, November 14th. Shaw Communications’s dividend payout ratio (DPR) is presently 113.75%.
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A number of research firms have recently weighed in on SJR. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Thursday, June 15th. BidaskClub raised Shaw Communications from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. National Bank Financial lowered Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research note on Wednesday, June 28th. Finally, Canaccord Genuity set a $28.00 price objective on Shaw Communications and gave the stock a “hold” rating in a research note on Monday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the 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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