Canadian Pacific Railway Ltd (NYSE:CP) Shares Bought by APG Asset Management N.V.

APG Asset Management N.V. grew its holdings in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 4.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,041 shares of the transportation company’s stock after buying an additional 10,200 shares during the quarter. APG Asset Management N.V. owned about 0.18% of Canadian Pacific Railway worth $39,418,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in shares of Canadian Pacific Railway by 1.0% in the 3rd quarter. Wells Fargo & Company MN now owns 88,547 shares of the transportation company’s stock valued at $18,766,000 after buying an additional 889 shares during the period. Janus Henderson Group PLC increased its stake in Canadian Pacific Railway by 24.7% in the 3rd quarter. Janus Henderson Group PLC now owns 67,842 shares of the transportation company’s stock valued at $14,353,000 after purchasing an additional 13,417 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Canadian Pacific Railway by 5.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 460,471 shares of the transportation company’s stock valued at $97,592,000 after purchasing an additional 24,114 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Canadian Pacific Railway by 12.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 16,693 shares of the transportation company’s stock valued at $3,538,000 after purchasing an additional 1,868 shares in the last quarter. Finally, FMR LLC increased its stake in Canadian Pacific Railway by 1.5% in the 3rd quarter. FMR LLC now owns 1,245,056 shares of the transportation company’s stock valued at $263,373,000 after purchasing an additional 18,445 shares in the last quarter. 68.69% of the stock is owned by institutional investors and hedge funds.

Shares of CP stock traded up $1.10 during mid-day trading on Friday, hitting $216.25. 317,961 shares of the company’s stock were exchanged, compared to its average volume of 402,674. Canadian Pacific Railway Ltd has a fifty-two week low of $167.48 and a fifty-two week high of $224.19. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $30.24 billion, a price-to-earnings ratio of 19.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.18 by $1.37. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter last year, the firm earned $3.22 earnings per share. The business’s revenue was up 17.1% on a year-over-year basis. As a group, analysts anticipate that Canadian Pacific Railway Ltd will post 12.28 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.4887 per share. This represents a $1.95 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Thursday, March 28th. Canadian Pacific Railway’s dividend payout ratio (DPR) is 17.41%.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Desjardins downgraded Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Morgan Stanley reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, April 4th. Finally, Citigroup raised their price objective on Canadian Pacific Railway from $233.00 to $240.00 and gave the company a “buy” rating in a research note on Thursday, April 4th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $228.46.

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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.

Further Reading: Hedge Funds

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

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