Shaw Communications Inc. (SJR) Stake Increased by Credit Suisse AG

Credit Suisse AG raised its stake in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 0.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,062,467 shares of the company’s stock after buying an additional 7,691 shares during the period. Credit Suisse AG owned about 0.22% of Shaw Communications worth $22,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc. boosted its position in Shaw Communications by 1.7% in the first quarter. TD Asset Management Inc. now owns 14,545,929 shares of the company’s stock valued at $300,702,000 after buying an additional 243,566 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in Shaw Communications by 5.1% in the first quarter. Mawer Investment Management Ltd. now owns 9,627,114 shares of the company’s stock valued at $348,591,000 after buying an additional 469,387 shares in the last quarter. Vanguard Group Inc. boosted its position in Shaw Communications by 5.8% in the first quarter. Vanguard Group Inc. now owns 9,610,515 shares of the company’s stock valued at $199,130,000 after buying an additional 529,715 shares in the last quarter. Mackenzie Financial Corp boosted its position in Shaw Communications by 2.7% in the first quarter. Mackenzie Financial Corp now owns 4,073,435 shares of the company’s stock valued at $84,402,000 after buying an additional 108,112 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Shaw Communications by 1.1% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,887,603 shares of the company’s stock valued at $80,454,000 after buying an additional 42,130 shares in the last quarter. 52.34% of the stock is currently owned by institutional investors and hedge funds.

Shaw Communications Inc. (NYSE:SJR) traded up 0.32% during mid-day trading on Friday, hitting $22.18. The company had a trading volume of 310,424 shares. Shaw Communications Inc. has a 52 week low of $19.02 and a 52 week high of $23.31. The company has a market capitalization of $10.94 billion, a price-to-earnings ratio of 26.69 and a beta of 0.91. The firm’s 50 day moving average is $22.15 and its 200 day moving average is $21.36.

Shaw Communications (NYSE:SJR) (TSE:SJR.B) last posted its quarterly earnings results on Wednesday, June 28th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.25 by $0.19. Shaw Communications had a net margin of 10.01% and a return on equity of 9.31%. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.11 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Shaw Communications Inc. will post $1.07 EPS for the current year.

The firm also recently declared a monthly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Wednesday, November 15th will be issued a $0.0744 dividend. This represents a $0.89 annualized dividend and a yield of 4.03%. The ex-dividend date of this dividend is Tuesday, November 14th. Shaw Communications’s payout ratio is 113.75%.

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SJR has been the topic of several research analyst reports. BidaskClub cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Canaccord Genuity set a $28.00 target price on Shaw Communications and gave the company a “hold” rating in a research note on Monday, May 1st. Citigroup Inc. started coverage on Shaw Communications in a research note on Thursday, April 6th. They issued a “sell” rating on the stock. Zacks Investment Research upgraded Shaw Communications from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note 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 note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average 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.

Institutional Ownership by Quarter for Shaw Communications (NYSE:SJR)

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