Parallel Advisors LLC Buys 53 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

Parallel Advisors LLC grew its stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,261 shares of the transportation company’s stock after buying an additional 53 shares during the period. Parallel Advisors LLC’s holdings in Canadian Pacific Railway were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Liberty Wealth Management LLC raised its position in shares of Canadian Pacific Railway by 287.8% during the second quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock worth $37,000 after purchasing an additional 118 shares during the period. CWM LLC raised its position in shares of Canadian Pacific Railway by 68.1% during the first quarter. CWM LLC now owns 279 shares of the transportation company’s stock worth $57,000 after purchasing an additional 113 shares during the period. Coastal Investment Advisors Inc. raised its position in shares of Canadian Pacific Railway by 81.5% during the second quarter. Coastal Investment Advisors Inc. now owns 343 shares of the transportation company’s stock worth $81,000 after purchasing an additional 154 shares during the period. Harvest Group Wealth Management LLC acquired a new stake in shares of Canadian Pacific Railway during the first quarter worth about $87,000. Finally, Advisory Services Network LLC raised its position in shares of Canadian Pacific Railway by 787.5% during the first quarter. Advisory Services Network LLC now owns 426 shares of the transportation company’s stock worth $88,000 after purchasing an additional 378 shares during the period. Hedge funds and other institutional investors own 69.94% of the company’s stock.

A number of research firms have recently commented on CP. Credit Suisse Group raised their price target on Canadian Pacific Railway from $262.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 17th. Loop Capital lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Wednesday, July 10th. Deutsche Bank raised their price target on Canadian Pacific Railway from $230.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Argus raised their price target on Canadian Pacific Railway to $265.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, National Bank Financial lowered Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and set a $233.71 price target on the stock. in a research report on Thursday, June 27th. Eight investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $242.62.

Canadian Pacific Railway stock traded down $0.29 during midday trading on Friday, reaching $240.03. The stock had a trading volume of 23,660 shares, compared to its average volume of 372,431. The firm’s fifty day simple moving average is $237.00 and its 200-day simple moving average is $221.56. Canadian Pacific Railway Ltd has a 1-year low of $167.48 and a 1-year high of $247.52. The stock has a market capitalization of $33.28 billion, a P/E ratio of 21.43, a price-to-earnings-growth ratio of 1.66 and a beta of 1.11. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.67.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.19 by $1.11. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the firm earned $3.16 EPS. Canadian Pacific Railway’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Canadian Pacific Railway Ltd will post 12.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a $0.634 dividend. This represents a $2.54 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.62. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 22.68%.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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