Capital Insight Partners LLC purchased a new position in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,656 shares of the transportation company’s stock, valued at approximately $753,000.
Several other institutional investors and hedge funds have also made changes to their positions in the company. 10 15 Associates Inc. increased its stake in Canadian Pacific Railway by 0.9% during the 4th quarter. 10 15 Associates Inc. now owns 9,664 shares of the transportation company’s stock valued at $1,717,000 after purchasing an additional 90 shares in the last quarter. BOKF NA increased its stake in Canadian Pacific Railway by 7.9% during the 4th quarter. BOKF NA now owns 1,338 shares of the transportation company’s stock valued at $238,000 after purchasing an additional 98 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Canadian Pacific Railway by 1.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,041 shares of the transportation company’s stock valued at $1,072,000 after purchasing an additional 99 shares in the last quarter. CWM LLC increased its stake in Canadian Pacific Railway by 186.2% during the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 108 shares in the last quarter. Finally, Eaton Vance Management increased its stake in shares of Canadian Pacific Railway by 3.1% in the fourth quarter. Eaton Vance Management now owns 3,652 shares of the transportation company’s stock worth $648,000 after acquiring an additional 110 shares during the period. 68.72% of the stock is owned by hedge funds and other institutional investors.
CP has been the topic of a number of research reports. Cowen reiterated a “buy” rating and issued a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, January 24th. ValuEngine upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Tuesday, March 5th. Stephens reissued a “hold” rating and set a $206.00 price target on shares of Canadian Pacific Railway in a report on Sunday, January 6th. Deutsche Bank lowered their price target on shares of Canadian Pacific Railway from $248.00 to $230.00 and set a “buy” rating on the stock in a report on Monday, March 18th. Finally, Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $228.46.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $2.79 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.25 by $0.54. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.38%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.78 billion. During the same period last year, the business earned $2.70 earnings per share. Canadian Pacific Railway’s revenue was up 6.3% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Railway Ltd will post 12.26 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Friday, March 29th will be given a dividend of $0.4887 per share. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, March 28th. Canadian Pacific Railway’s dividend payout ratio is presently 17.41%.
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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