Murphy Capital Management Inc. Sells 115 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

Murphy Capital Management Inc. decreased its stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,855 shares of the transportation company’s stock after selling 115 shares during the period. Murphy Capital Management Inc.’s holdings in Canadian Pacific Railway were worth $1,747,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CP. Veritas Asset Management LLP bought a new stake in Canadian Pacific Railway in the 2nd quarter valued at about $410,776,000. Egerton Capital UK LLP boosted its holdings in Canadian Pacific Railway by 14.1% in the 2nd quarter. Egerton Capital UK LLP now owns 3,876,127 shares of the transportation company’s stock valued at $911,820,000 after purchasing an additional 480,354 shares during the period. Point72 Asset Management L.P. boosted its holdings in Canadian Pacific Railway by 776.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 350,544 shares of the transportation company’s stock valued at $82,478,000 after purchasing an additional 310,544 shares during the period. JPMorgan Chase & Co. boosted its holdings in Canadian Pacific Railway by 24.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,274,841 shares of the transportation company’s stock valued at $298,478,000 after purchasing an additional 252,451 shares during the period. Finally, National Pension Service bought a new stake in Canadian Pacific Railway in the 2nd quarter valued at about $62,977,000. 68.02% of the stock is owned by institutional investors and hedge funds.

A number of analysts have issued reports on CP shares. Wolfe Research downgraded shares of Canadian Pacific Railway from an “outperform” rating to a “peer perform” rating in a report on Friday, June 28th. Deutsche Bank boosted their price objective on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. TheStreet downgraded shares of Canadian Pacific Railway from a “b+” rating to a “c” rating in a report on Tuesday, July 16th. Loop Capital downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Goldman Sachs Group started coverage on shares of Canadian Pacific Railway in a report on Wednesday, July 10th. They issued a “neutral” rating and a $253.00 price objective for the company. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $257.23.



Shares of NYSE:CP traded up $2.91 during midday trading on Friday, hitting $216.97. The stock had a trading volume of 13,477 shares, compared to its average volume of 435,613. The company’s 50-day moving average price is $229.06 and its 200-day moving average price is $227.38. The company has a market capitalization of $30.10 billion, a P/E ratio of 19.37, a price-to-earnings-growth ratio of 1.46 and a beta of 1.10. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway Ltd has a fifty-two week low of $167.48 and a fifty-two week high of $247.52.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.19 by $1.11. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Canadian Pacific Railway had a net margin of 30.40% and a return on equity of 32.03%. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.16 EPS. Research analysts expect that Canadian Pacific Railway Ltd will post 12.49 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.634 per share. This represents a $2.54 dividend on an annualized basis and a yield of 1.17%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is currently 22.41%.

About Canadian Pacific Railway

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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