Crossmark Global Holdings Inc. trimmed its stake in Shaw Communications Inc (NYSE:SJR) (TSE:SJR.B) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,427 shares of the company’s stock after selling 1,390 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Shaw Communications were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Shaw Communications by 88.7% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 218,700 shares of the company’s stock valued at $5,505,000 after buying an additional 102,800 shares during the period. Nordea Investment Management AB purchased a new stake in Shaw Communications during the 3rd quarter valued at $464,000. Quadrant Capital Group LLC boosted its position in Shaw Communications by 259.6% during the 4th quarter. Quadrant Capital Group LLC now owns 5,628 shares of the company’s stock valued at $97,000 after buying an additional 4,063 shares during the period. Jane Street Group LLC purchased a new stake in Shaw Communications during the 2nd quarter valued at $366,000. Finally, JPMorgan Chase & Co. boosted its position in Shaw Communications by 77.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,296,163 shares of the company’s stock valued at $25,262,000 after buying an additional 564,354 shares during the period. Hedge funds and other institutional investors own 53.15% of the company’s stock.
Shares of NYSE SJR opened at $20.55 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.71 and a quick ratio of 0.67. Shaw Communications Inc has a 12 month low of $17.50 and a 12 month high of $21.50. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 3.99 and a beta of 0.89.
The business also recently disclosed a monthly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 15th will be issued a $0.0748 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a $0.90 annualized dividend and a yield of 4.37%. Shaw Communications’s dividend payout ratio (DPR) is presently 73.73%.
SJR has been the subject of several analyst reports. ValuEngine raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Friday, December 21st. Zacks Investment Research cut shares of Shaw Communications from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 5th. Desjardins raised shares of Shaw Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, December 18th. Finally, Canaccord Genuity cut shares of Shaw Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 25th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $26.00.
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About Shaw Communications
Shaw Communications Inc operates as a connectivity company in North America. The company operates through Wireline and Wireless segments. The Wireline segment provides broadband Internet, Shaw Go WiFi, video, and digital phone services to residential customers; and Internet, data, WiFi, digital phone, and video services to business customers.
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