Canadian Pacific Railway (NYSE:CP) Position Boosted by Clearbridge Investments LLC

Clearbridge Investments LLC increased its position in shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 152,932 shares of the transportation company’s stock after buying an additional 13,723 shares during the quarter. Clearbridge Investments LLC owned 0.11% of Canadian Pacific Railway worth $27,950,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. WCM Investment Management CA raised its holdings in Canadian Pacific Railway by 6.0% in the 4th quarter. WCM Investment Management CA now owns 4,041,290 shares of the transportation company’s stock valued at $738,586,000 after acquiring an additional 229,410 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Canadian Pacific Railway by 5.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Canadian Pacific Railway by 92.6% in the 4th quarter. Mackenzie Financial Corp now owns 2,596,564 shares of the transportation company’s stock valued at $474,548,000 after purchasing an additional 1,248,344 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Canadian Pacific Railway by 15.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,712,257 shares of the transportation company’s stock valued at $312,932,000 after purchasing an additional 223,032 shares during the last quarter. Finally, Egerton Capital UK LLP grew its position in Canadian Pacific Railway by 37.6% during the 4th quarter. Egerton Capital UK LLP now owns 1,535,632 shares of the transportation company’s stock worth $280,652,000 after acquiring an additional 419,905 shares during the last quarter. Hedge funds and other institutional investors own 68.72% of the company’s stock.

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Shares of NYSE:CP traded down $3.56 on Friday, reaching $173.14. 431,766 shares of the company traded hands, compared to its average volume of 322,593. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $25,437.08, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 1.48 and a beta of 1.03. Canadian Pacific Railway has a 52 week low of $149.64 and a 52 week high of $188.80.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Thursday, January 18th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.03). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%. research analysts predict that Canadian Pacific Railway will post 10.38 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be given a dividend of $0.4473 per share. This represents a $1.79 annualized dividend and a yield of 1.03%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s payout ratio is presently 19.93%.

CP has been the topic of a number of analyst reports. Morgan Stanley dropped their price objective on Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating on the stock in a research note on Friday. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research note on Thursday. Goldman Sachs raised Canadian Pacific Railway from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th. Cowen reaffirmed an “outperform” rating and issued a $209.00 target price (up from $207.00) on shares of Canadian Pacific Railway in a report on Wednesday, February 28th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $200.00 target price (down from $209.00) on shares of Canadian Pacific Railway in a report on Thursday, March 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $195.33.

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Canadian Pacific Railway Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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