As Shaw Communications (SJR) Stock Declined, Holder Guardian Capital Advisors LP Has Lowered Its Holding by $367,308; Intl Business Machines (IBM) Market Value Declined While Edge Wealth Management Raised Its Position

May 9, 2018 - By Clifton Ray

Shaw Communications Inc. (NYSE:SJR) Logo

Guardian Capital Advisors Lp decreased its stake in Shaw Communications Inc (SJR) by 36.69% based on its latest 2017Q4 regulatory filing with the SEC. Guardian Capital Advisors Lp sold 13,604 shares as the company’s stock declined 17.06% with the market. The institutional investor held 23,475 shares of the television services company at the end of 2017Q4, valued at $634,000, down from 37,079 at the end of the previous reported quarter. Guardian Capital Advisors Lp who had been investing in Shaw Communications Inc for a number of months, seems to be less bullish one the $10.15B market cap company. The stock increased 1.52% or $0.3 during the last trading session, reaching $20.12. About 181,034 shares traded. Shaw Communications Inc. (NYSE:SJR) has declined 8.07% since May 9, 2017 and is downtrending. It has underperformed by 19.62% the S&P500.

Edge Wealth Management Llc increased its stake in Intl Business Machines Corp (IBM) by 3114.03% based on its latest 2017Q4 regulatory filing with the SEC. Edge Wealth Management Llc bought 22,421 shares as the company’s stock declined 0.39% with the market. The institutional investor held 23,141 shares of the computer manufacturing company at the end of 2017Q4, valued at $3.56 million, up from 720 at the end of the previous reported quarter. Edge Wealth Management Llc who had been investing in Intl Business Machines Corp for a number of months, seems to be bullish on the $130.00B market cap company. The stock increased 0.13% or $0.19 during the last trading session, reaching $141.62. About 843,953 shares traded. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since May 9, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

More important recent Shaw Communications Inc. (NYSE:SJR) news were published by: Fool.ca which released: “If You Own This TFSA-Worthy Dividend Stock, Buy More” on May 08, 2018, also Globenewswire.com published article titled: “Shaw Declares Dividend Payable on Preferred Shares”, Globenewswire.com published: “Shaw Announces Second Quarter and Year-To-Date Fiscal 2018 Results” on April 12, 2018. More interesting news about Shaw Communications Inc. (NYSE:SJR) was released by: Seekingalpha.com and their article: “Shaw Continues Its Rapid Wireless Expansion” with publication date: April 24, 2018.

Among 8 analysts covering Shaw Comms (NYSE:SJR), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Shaw Comms had 15 analyst reports since October 20, 2015 according to SRatingsIntel. As per Friday, April 13, the company rating was upgraded by Scotia Capital. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, December 17. As per Thursday, April 12, the company rating was maintained by Echelon Wealth Partners. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, April 5. As per Tuesday, October 20, the company rating was upgraded by Macquarie Research. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, October 23. The rating was initiated by Citigroup with “Sell” on Thursday, April 6. The rating was maintained by Barclays Capital on Friday, October 27 with “Equal-Weight”. The firm earned “Equal Weight” rating on Friday, October 23 by Barclays Capital. RBC Capital Markets upgraded the shares of SJR in report on Monday, January 9 to “Outperform” rating.

Guardian Capital Advisors Lp, which manages about $1.66 billion and $763.93 million US Long portfolio, upped its stake in National Grid Plc by 5,614 shares to 130,408 shares, valued at $7.51 million in 2017Q4, according to the filing. It also increased its holding in Telus Corp (NYSE:TU) by 9,024 shares in the quarter, for a total of 192,791 shares, and has risen its stake in Mitsubishi Ufj Finl Group In (NYSE:MTU).

Analysts await Shaw Communications Inc. (NYSE:SJR) to report earnings on June, 27. They expect $0.27 EPS, down 38.64% or $0.17 from last year’s $0.44 per share. SJR’s profit will be $136.15 million for 18.63 P/E if the $0.27 EPS becomes a reality. After $0.40 actual EPS reported by Shaw Communications Inc. for the previous quarter, Wall Street now forecasts -32.50% negative EPS growth.

Since January 31, 2018, it had 1 insider purchase, and 2 sales for $2.69 million activity. Another trade for 13,000 shares valued at $2.01M was made by Clementi Erich on Friday, February 23. Another trade for 610 shares valued at $99,659 was bought by WADDELL FREDERICK H.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Thursday, August 31. The stock has “Hold” rating by J.P. Morgan on Wednesday, April 18. Societe Generale downgraded the shares of IBM in report on Wednesday, April 19 to “Sell” rating. On Wednesday, August 30 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Neutral” rating by JP Morgan on Friday, October 2. As per Tuesday, July 19, the company rating was maintained by Bernstein. The company was maintained on Tuesday, July 19 by Credit Suisse. Jefferies maintained it with “Sell” rating and $125.0 target in Wednesday, September 20 report. The stock of International Business Machines Corporation (NYSE:IBM) has “Perform” rating given on Tuesday, August 16 by Oppenheimer. Stifel Nicolaus maintained International Business Machines Corporation (NYSE:IBM) rating on Friday, March 9. Stifel Nicolaus has “Buy” rating and $182.0 target.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.29, from 0.74 in 2017Q3. It improved, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Weiss Multi owns 20,000 shares. Rand Wealth Ltd Company has 23,961 shares for 0.4% of their portfolio. Motco, Texas-based fund reported 50,146 shares. Train Babcock Advsr Ltd Co, a New York-based fund reported 1,793 shares. Rothschild Inv Corporation Il accumulated 20,515 shares. Moody Bank & Trust Tru Division accumulated 0.12% or 17,075 shares. Valicenti Advisory holds 4,169 shares or 0.32% of its portfolio. Tortoise Investment Mngmt Limited Com owns 0.19% invested in International Business Machines Corporation (NYSE:IBM) for 4,336 shares. Vista Prtnrs Incorporated stated it has 1,651 shares or 0.06% of all its holdings. Richard Bernstein Advisors Limited Co invested in 0.32% or 46,895 shares. Lvm Mgmt Mi has invested 0.09% in International Business Machines Corporation (NYSE:IBM). Moreover, Banque Pictet Cie Sa has 0.04% invested in International Business Machines Corporation (NYSE:IBM) for 14,420 shares. Brown Ltd Llc accumulated 2,093 shares or 0% of the stock. Kings Point Cap Management reported 1,093 shares stake. Old Mutual Customised Solutions (Proprietary) Limited stated it has 0.84% of its portfolio in International Business Machines Corporation (NYSE:IBM).

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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