Cambridge Investment Research Advisors Inc. Invests $241,000 in Canadian Pacific Railway (CP) Stock

Cambridge Investment Research Advisors Inc. acquired a new position in shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,318 shares of the transportation company’s stock, valued at approximately $241,000.

A number of other institutional investors also recently bought and sold shares of the business. WCM Investment Management CA increased its stake in shares of 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 purchasing an additional 229,410 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. Franklin Resources Inc. increased its stake in shares of Canadian Pacific Railway by 0.6% in the 4th quarter. Franklin Resources Inc. now owns 2,220,581 shares of the transportation company’s stock valued at $405,853,000 after purchasing an additional 13,407 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 increased its stake in shares of Canadian Pacific Railway by 37.6% in the 4th quarter. Egerton Capital UK LLP now owns 1,535,632 shares of the transportation company’s stock valued at $280,652,000 after purchasing an additional 419,905 shares during the last quarter. Hedge funds and other institutional investors own 68.61% of the company’s stock.

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Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target on Canadian Pacific Railway from $248.00 to $243.00 and set an “overweight” rating on the stock in a research note on Friday, April 6th. Zacks Investment Research upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research note on Thursday, April 5th. Goldman Sachs upgraded Canadian Pacific Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $176.72 to $213.00 in a research note on Tuesday, February 13th. Credit Suisse Group reiterated an “outperform” rating and issued a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a research note on Thursday, March 8th. Finally, Cowen reiterated an “outperform” rating and issued a $209.00 price target (up previously from $207.00) on shares of Canadian Pacific Railway in a research note on Wednesday, February 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $195.33.

NYSE CP opened at $179.78 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.57 and a current ratio of 0.64. Canadian Pacific Railway has a twelve month low of $149.74 and a twelve month high of $188.80. The firm has a market cap of $25,593.99, a P/E ratio of 20.48, a PEG ratio of 1.49 and a beta of 1.03.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Thursday, January 18th. The transportation company reported $2.54 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.57 by ($0.03). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Canadian Pacific Railway had a net margin of 36.88% and a return on equity of 29.96%. analysts forecast that Canadian Pacific Railway will post 10.32 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.4473 per share. The ex-dividend date is Thursday, March 22nd. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $1.79 annualized dividend and a yield of 1.00%. Canadian Pacific Railway’s payout ratio is presently 19.93%.

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Canadian Pacific Railway Company 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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