JustInvest LLC Acquires New Position in Canadian Pacific Railway Limited (NYSE:CP)

JustInvest LLC acquired a new stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 852 shares of the transportation company’s stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC lifted its holdings in Canadian Pacific Railway by 8.3% in the second quarter. CWM LLC now owns 642 shares of the transportation company’s stock valued at $164,000 after buying an additional 49 shares during the period. Ballast Advisors LLC lifted its holdings in Canadian Pacific Railway by 3.5% in the second quarter. Ballast Advisors LLC now owns 2,369 shares of the transportation company’s stock valued at $605,000 after buying an additional 80 shares during the period. Okabena Investment Services Inc. lifted its holdings in Canadian Pacific Railway by 1.3% in the second quarter. Okabena Investment Services Inc. now owns 6,390 shares of the transportation company’s stock valued at $1,632,000 after buying an additional 82 shares during the period. Johanson Financial Advisors Inc. lifted its holdings in Canadian Pacific Railway by 8.6% in the second quarter. Johanson Financial Advisors Inc. now owns 1,138 shares of the transportation company’s stock valued at $291,000 after buying an additional 90 shares during the period. Finally, Capital Insight Partners LLC lifted its holdings in Canadian Pacific Railway by 2.2% in the second quarter. Capital Insight Partners LLC now owns 4,446 shares of the transportation company’s stock valued at $1,135,000 after buying an additional 97 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

NYSE CP opened at $297.97 on Friday. The firm has a 50-day moving average of $307.81 and a 200-day moving average of $270.70. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.51 and a current ratio of 0.60. The stock has a market cap of $40.08 billion, a PE ratio of 23.76, a P/E/G ratio of 2.79 and a beta of 0.91. Canadian Pacific Railway Limited has a 52-week low of $173.26 and a 52-week high of $327.40.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, October 20th. The transportation company reported $4.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.23 by ($0.11). Canadian Pacific Railway had a return on equity of 32.77% and a net margin of 29.66%. The company had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the business posted $4.61 EPS. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Railway Limited will post 13.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Shareholders of record on Thursday, December 31st will be paid a $0.7202 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $2.88 annualized dividend and a yield of 0.97%. Canadian Pacific Railway’s payout ratio is 22.92%.

Several equities research analysts have weighed in on CP shares. Credit Suisse Group increased their target price on shares of Canadian Pacific Railway from $336.00 to $353.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Barclays increased their target price on shares of Canadian Pacific Railway from $415.00 to $420.00 and gave the stock an “equal weight” rating in a report on Thursday, October 22nd. BMO Capital Markets increased their target price on shares of Canadian Pacific Railway from $450.00 to $460.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Scotiabank increased their target price on shares of Canadian Pacific Railway from $395.00 to $450.00 in a report on Friday, October 9th. Finally, Wells Fargo & Company increased their target price on shares of Canadian Pacific Railway from $299.00 to $321.00 and gave the stock an “overweight” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have assigned a buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus target price of $362.95.

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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