Commerzbank Aktiengesellschaft FI Decreases Stake in Shaw Communications Inc. (SJR)
Commerzbank Aktiengesellschaft FI lowered its position in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 31.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,494 shares of the company’s stock after selling 7,635 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Shaw Communications were worth $359,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the company. TD Asset Management Inc. raised its position in shares of Shaw Communications by 2.4% in the 2nd quarter. TD Asset Management Inc. now owns 14,888,198 shares of the company’s stock worth $324,315,000 after acquiring an additional 342,269 shares in the last quarter. Mawer Investment Management Ltd. raised its position in shares of Shaw Communications by 5.1% in the 1st quarter. Mawer Investment Management Ltd. now owns 9,627,114 shares of the company’s stock worth $348,591,000 after acquiring an additional 469,387 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Shaw Communications by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 9,610,515 shares of the company’s stock worth $199,130,000 after acquiring an additional 529,715 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Shaw Communications by 57.1% in the 2nd quarter. CIBC Asset Management Inc now owns 6,970,061 shares of the company’s stock worth $151,878,000 after acquiring an additional 2,533,410 shares in the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of Shaw Communications by 2.7% in the 1st quarter. Mackenzie Financial Corp now owns 4,073,435 shares of the company’s stock worth $84,402,000 after acquiring an additional 108,112 shares in the last quarter. 51.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Shaw Communications Inc. (SJR) opened at 22.70 on Monday. The stock has a market cap of $11.20 billion, a P/E ratio of 27.48 and a beta of 0.90. The company has a 50 day moving average price of $22.11 and a 200 day moving average price of $21.52. Shaw Communications Inc. has a 1-year low of $19.02 and a 1-year high of $23.31.
Shaw Communications (NYSE:SJR) (TSE:SJR.B) last issued its quarterly earnings data on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.19. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.32 billion. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. Shaw Communications’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities analysts anticipate that Shaw Communications Inc. will post $1.09 EPS for the current year.
The firm also recently declared 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 3.94%. The ex-dividend date of this dividend is Tuesday, November 14th. Shaw Communications’s payout ratio is presently 118.75%.
SJR has been the subject of several research reports. BidaskClub lowered Shaw Communications from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Thursday, June 15th. Finally, National Bank Financial lowered Shaw Communications from an “outperform market weight” rating to a “sector perform market weight” rating in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Shaw Communications currently has an average rating of “Hold” and an average price target of $27.00.
Shaw Communications 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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