Shaw Communications Inc. (SJR) Shares Sold by State of Tennessee Treasury Department

State of Tennessee Treasury Department trimmed its holdings in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 3.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 325,182 shares of the company’s stock after selling 10,511 shares during the quarter. State of Tennessee Treasury Department owned about 0.07% of Shaw Communications worth $7,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc. boosted its position in Shaw Communications by 2.4% in the second quarter. TD Asset Management Inc. now owns 14,888,198 shares of the company’s stock worth $324,315,000 after purchasing an additional 342,269 shares during the last quarter. Vanguard Group Inc. boosted its position in Shaw Communications by 4.9% in the second quarter. Vanguard Group Inc. now owns 10,078,962 shares of the company’s stock worth $219,621,000 after purchasing an additional 468,447 shares during the last quarter. Mawer Investment Management Ltd. boosted its position in Shaw Communications by 1.4% in the second quarter. Mawer Investment Management Ltd. now owns 9,508,434 shares of the company’s stock worth $207,499,000 after purchasing an additional 133,961 shares during the last quarter. CIBC Asset Management Inc boosted its position in Shaw Communications by 57.1% in the second quarter. CIBC Asset Management Inc now owns 6,970,061 shares of the company’s stock worth $151,878,000 after purchasing an additional 2,533,410 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in Shaw Communications by 3.5% in the second quarter. CIBC World Markets Inc. now owns 5,654,025 shares of the company’s stock worth $123,201,000 after purchasing an additional 190,230 shares during the last quarter. Institutional investors own 51.21% of the company’s stock.

Several research analysts have issued reports on the company. BidaskClub cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. TheStreet raised Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. Scotiabank cut Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC raised their target price on Shaw Communications from $21.00 to $22.00 and gave the stock an “equal weight” rating in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $27.00.

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Shaw Communications Inc. (SJR) opened at $22.81 on Monday. Shaw Communications Inc. has a 12-month low of $19.02 and a 12-month high of $23.31. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.72 and a current ratio of 0.80. The firm has a market capitalization of $10,819.94, a PE ratio of 26.83, a PEG ratio of 4.34 and a beta of 0.97.

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 given a dividend of $0.0781 per share. The ex-dividend date is Wednesday, February 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.11%. Shaw Communications’s payout ratio is currently 69.17%.

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

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