CIBC Asset Management Inc Raises Holdings in Shaw Communications Inc. (SJR)

CIBC Asset Management Inc raised its stake in shares of Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 3.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,204,929 shares of the company’s stock after buying an additional 234,868 shares during the period. Shaw Communications comprises about 1.0% of CIBC Asset Management Inc’s investment portfolio, making the stock its 26th biggest holding. CIBC Asset Management Inc owned 1.52% of Shaw Communications worth $165,401,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the business. Swiss National Bank boosted its stake in shares of Shaw Communications by 0.7% during the 3rd quarter. Swiss National Bank now owns 1,631,800 shares of the company’s stock valued at $37,570,000 after buying an additional 11,100 shares during the period. Lincluden Management Ltd. boosted its stake in shares of Shaw Communications by 7.1% during the 3rd quarter. Lincluden Management Ltd. now owns 2,013,626 shares of the company’s stock valued at $46,369,000 after buying an additional 133,205 shares during the period. Parnassus Investments CA boosted its stake in shares of Shaw Communications by 6.3% during the 3rd quarter. Parnassus Investments CA now owns 4,200,000 shares of the company’s stock valued at $96,642,000 after buying an additional 250,000 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Shaw Communications by 1.1% during the 3rd quarter. State of Wisconsin Investment Board now owns 312,484 shares of the company’s stock valued at $7,176,000 after buying an additional 3,259 shares during the period. Finally, Cidel Asset Management Inc. boosted its stake in shares of Shaw Communications by 5.8% during the 3rd quarter. Cidel Asset Management Inc. now owns 249,514 shares of the company’s stock valued at $5,728,000 after buying an additional 13,782 shares during the period. 51.21% of the stock is owned by institutional investors.

Shaw Communications Inc. (NYSE SJR) traded up $0.06 during trading on Monday, reaching $22.81. 718,700 shares of the company’s stock were exchanged, compared to its average volume of 498,370. The firm has a market cap of $10,819.94, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 4.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. Shaw Communications Inc. has a 52-week low of $19.02 and a 52-week high of $23.31.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.0781 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 annualized dividend and a dividend yield of 4.11%. Shaw Communications’s payout ratio is 69.17%.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Shaw Communications from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. BidaskClub raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Scotiabank lowered shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research note on Thursday, October 12th. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research note on Monday, October 30th. Finally, Barclays PLC lifted their target price on shares of Shaw Communications from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. Shaw Communications currently has a consensus rating of “Hold” and a consensus target price of $27.00.

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About Shaw Communications

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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