Exencial Wealth Advisors LLC Decreases Stock Holdings in Canadian Pacific Railway Limited (NYSE:CP)

Exencial Wealth Advisors LLC lowered its stake in shares of Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 124,738 shares of the transportation company’s stock after selling 39,211 shares during the period. Exencial Wealth Advisors LLC’s holdings in Canadian Pacific Railway were worth $8,974,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Antonetti Capital Management LLC purchased a new stake in Canadian Pacific Railway during the fourth quarter worth about $72,000. Avion Wealth purchased a new stake in shares of Canadian Pacific Railway in the fourth quarter valued at about $25,000. Professional Financial Advisors LLC purchased a new stake in shares of Canadian Pacific Railway in the fourth quarter valued at about $26,000. Sage Private Wealth Group LLC purchased a new stake in shares of Canadian Pacific Railway in the fourth quarter valued at about $26,000. Finally, Resources Management Corp CT ADV purchased a new stake in shares of Canadian Pacific Railway in the fourth quarter valued at about $28,000. 75.22% of the stock is currently owned by hedge funds and other institutional investors.

NYSE CP traded up $1.21 during trading hours on Friday, reaching $69.31. 2,894,287 shares of the company traded hands, compared to its average volume of 2,648,935. Canadian Pacific Railway Limited has a 12 month low of $64.37 and a 12 month high of $84.22. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $64.45 billion, a PE ratio of 21.93, a PEG ratio of 2.48 and a beta of 0.96. The company has a 50 day moving average of $76.49 and a two-hundred day moving average of $74.57.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 27th. The transportation company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.07). Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. The company had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter last year, the company earned $0.71 earnings per share. The company’s revenue was down 6.2% compared to the same quarter last year. On average, equities research analysts anticipate that Canadian Pacific Railway Limited will post 2.9 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Stockholders of record on Friday, June 24th will be given a $0.152 dividend. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, June 23rd. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 19.30%.

Several equities analysts recently issued reports on CP shares. Bank of America downgraded shares of Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Friday, April 8th. Scotiabank reduced their price objective on shares of Canadian Pacific Railway from C$106.00 to C$105.00 in a research note on Thursday, April 28th. Zacks Investment Research raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $76.00 price objective on the stock in a research note on Monday, February 21st. StockNews.com raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Susquehanna Bancshares upped their price objective on shares of Canadian Pacific Railway from $89.00 to $96.00 in a research note on Thursday, April 7th. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $93.13.

About Canadian Pacific Railway (Get Rating)

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.

See Also

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

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