Allianz Asset Management GmbH trimmed its holdings in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 879,018 shares of the company’s stock after selling 260,966 shares during the quarter. Allianz Asset Management GmbH owned about 0.19% of Shaw Communications worth $20,185,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Advisor Group Inc. grew its position in shares of Shaw Communications by 170.3% in the second quarter. Advisor Group Inc. now owns 4,687 shares of the company’s stock valued at $101,000 after purchasing an additional 2,953 shares during the last quarter. US Bancorp DE grew its position in shares of Shaw Communications by 14.6% in the second quarter. US Bancorp DE now owns 9,921 shares of the company’s stock valued at $217,000 after purchasing an additional 1,267 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Shaw Communications by 4.4% in the second quarter. Wetherby Asset Management Inc. now owns 10,332 shares of the company’s stock valued at $225,000 after purchasing an additional 439 shares during the last quarter. Sigma Planning Corp acquired a new stake in shares of Shaw Communications in the third quarter valued at about $258,000. Finally, Ameriprise Financial Inc. acquired a new stake in shares of Shaw Communications in the second quarter valued at about $252,000. 52.53% of the stock is currently owned by hedge funds and other institutional investors.

Shaw Communications Inc. (NYSE SJR) traded up $0.13 during midday trading on Tuesday, hitting $22.96. 367,500 shares of the company traded hands, compared to its average volume of 498,617. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 0.70. Shaw Communications Inc. has a twelve month low of $19.76 and a twelve month high of $23.31. The company has a market capitalization of $10,877.49, a PE ratio of 26.86, a PEG ratio of 4.48 and a beta of 0.95.

The business also recently announced a monthly dividend, which will be paid on Tuesday, February 27th. Investors of record on Thursday, February 15th will be paid a $0.0781 dividend. This represents a $0.94 annualized dividend and a dividend yield of 4.08%. The ex-dividend date is Wednesday, February 14th. Shaw Communications’s payout ratio is presently 69.17%.

SJR has been the topic of several research analyst reports. Zacks Investment Research raised Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Tuesday, September 19th. Barclays raised their price target on Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research report on Friday, October 27th. TheStreet upgraded shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. Finally, Bank of America reiterated a “neutral” rating and issued a $32.00 target price on shares of Shaw Communications in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. Shaw Communications presently has an average rating of “Hold” and a consensus 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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Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

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