Cambridge Investment Research Advisors Inc. boosted its position in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 48.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,491 shares of the transportation company’s stock after acquiring an additional 810 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Canadian Pacific Railway were worth $513,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CP. Norges Bank bought a new position in Canadian Pacific Railway in the fourth quarter worth approximately $293,901,000. Mackenzie Financial Corp boosted its holdings in Canadian Pacific Railway by 25.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,902,990 shares of the transportation company’s stock worth $338,009,000 after acquiring an additional 381,373 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in Canadian Pacific Railway in the first quarter worth approximately $102,483,000. Millennium Management LLC boosted its holdings in Canadian Pacific Railway by 534.1% in the fourth quarter. Millennium Management LLC now owns 376,884 shares of the transportation company’s stock worth $66,942,000 after acquiring an additional 317,444 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Canadian Pacific Railway by 15.5% in the fourth quarter. CIBC Asset Management Inc now owns 1,983,724 shares of the transportation company’s stock worth $352,088,000 after acquiring an additional 266,619 shares in the last quarter. Institutional investors and hedge funds own 67.70% of the company’s stock.
Several research analysts have issued reports on the company. ValuEngine upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Argus increased their price target on Canadian Pacific Railway from $230.00 to $245.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Desjardins lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Morgan Stanley reissued a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, April 4th. Finally, Citigroup increased their price objective on Canadian Pacific Railway from $233.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $230.77.
Shares of Canadian Pacific Railway stock opened at $232.58 on Friday. The company has a market capitalization of $32.59 billion, a PE ratio of 20.92, a P/E/G ratio of 1.68 and a beta of 1.10. Canadian Pacific Railway Ltd has a 52 week low of $167.48 and a 52 week high of $237.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.76 and a quick ratio of 0.66.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.25 by $0.54. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.78 billion. Canadian Pacific Railway had a return on equity of 30.52% and a net margin of 27.45%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.70 earnings per share. On average, equities research analysts predict that Canadian Pacific Railway Ltd will post 12.28 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a $0.6174 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.49. This represents a $2.47 annualized dividend and a dividend yield of 1.06%. Canadian Pacific Railway’s dividend payout ratio is 17.41%.
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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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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