State of Wisconsin Investment Board grew its holdings in Shaw Communications Inc. (NYSE:SJR) (TSE:SJR.B) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 312,484 shares of the company’s stock after acquiring an additional 3,259 shares during the quarter. State of Wisconsin Investment Board owned 0.06% of Shaw Communications worth $7,176,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SJR. Mn Services Vermogensbeheer B.V. bought a new stake in shares of Shaw Communications in the second quarter valued at about $1,481,000. Eqis Capital Management Inc. bought a new stake in shares of Shaw Communications in the second quarter valued at about $457,000. Aperio Group LLC boosted its position in shares of Shaw Communications by 4.5% in the second quarter. Aperio Group LLC now owns 617,258 shares of the company’s stock valued at $13,450,000 after acquiring an additional 26,808 shares during the period. US Bancorp DE boosted 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 acquiring an additional 1,267 shares during the period. Finally, Forsta AP Fonden boosted its position in shares of Shaw Communications by 20.3% in the second quarter. Forsta AP Fonden now owns 565,354 shares of the company’s stock valued at $12,315,000 after acquiring an additional 95,500 shares during the period. 51.21% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. TheStreet raised shares of Shaw Communications from a “c” rating to a “b-” rating in a research report on Monday, October 30th. BidaskClub raised shares of Shaw Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Scotiabank cut shares of Shaw Communications from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Shaw Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC boosted 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 report on Friday, October 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $27.00.

Shares of Shaw Communications Inc. (NYSE:SJR) opened at $22.18 on Friday. Shaw Communications Inc. has a 52-week low of $19.29 and a 52-week 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 cap of $10,521.11, a PE ratio of 26.09, a P/E/G ratio of 4.22 and a beta of 0.97.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 27th. Investors 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 annualized dividend and a yield of 4.22%. Shaw Communications’s dividend payout ratio is 69.17%.

TRADEMARK VIOLATION NOTICE: “State of Wisconsin Investment Board Acquires 3,259 Shares of Shaw Communications Inc. (SJR)” was first posted by Daily Political and is owned by of Daily Political. If you are reading this report on another site, it was stolen and reposted in violation of US & international copyright law. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/11/19/state-of-wisconsin-investment-board-acquires-3259-shares-of-shaw-communications-inc-sjr.html.

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.

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

Receive News & Ratings for Shaw Communications Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Shaw Communications Inc. and related companies with MarketBeat.com's FREE daily email newsletter.