Vestor Capital LLC Acquires 78,835 Shares of Canadian Pacific Railway Limited (NYSE:CP)

Vestor Capital LLC boosted its stake in Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) by 42.7% during the 1st quarter, Holdings Channel reports. The firm owned 263,616 shares of the transportation company’s stock after buying an additional 78,835 shares during the quarter. Canadian Pacific Railway makes up about 2.2% of Vestor Capital LLC’s holdings, making the stock its 12th biggest position. Vestor Capital LLC’s holdings in Canadian Pacific Railway were worth $21,759,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Canadian Pacific Railway by 14.5% during the 1st quarter. Lindbrook Capital LLC now owns 1,286 shares of the transportation company’s stock worth $106,000 after purchasing an additional 163 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Canadian Pacific Railway by 64.4% in the fourth quarter. Baird Financial Group Inc. now owns 47,107 shares of the transportation company’s stock valued at $3,389,000 after purchasing an additional 18,457 shares during the period. Opal Wealth Advisors LLC lifted its stake in Canadian Pacific Railway by 32.7% during the 1st quarter. Opal Wealth Advisors LLC now owns 4,460 shares of the transportation company’s stock valued at $368,000 after acquiring an additional 1,099 shares during the period. Northern Trust Corp boosted its stake in shares of Canadian Pacific Railway by 31.0% in the fourth quarter. Northern Trust Corp now owns 2,973,028 shares of the transportation company’s stock worth $213,879,000 after buying an additional 703,889 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Canadian Pacific Railway by 86.4% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 79,917 shares of the transportation company’s stock worth $5,710,000 after buying an additional 37,043 shares in the last quarter. Hedge funds and other institutional investors own 75.22% of the company’s stock.

Analysts Set New Price Targets

CP has been the subject of several research analyst reports. Citigroup reduced their price target on shares of Canadian Pacific Railway from $84.00 to $81.00 and set a “buy” rating for the company in a research report on Thursday, May 19th. Credit Suisse Group started coverage on shares of Canadian Pacific Railway in a report on Monday, June 27th. They issued a “neutral” rating and a $74.00 price objective on the stock. Stifel Nicolaus raised their price target on Canadian Pacific Railway from $78.00 to $79.00 in a research report on Friday, July 15th. Raymond James dropped their price target on shares of Canadian Pacific Railway from C$105.00 to C$100.00 in a research note on Friday, April 22nd. Finally, Scotiabank lowered shares of Canadian Pacific Railway from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, July 7th. Seven research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.13.

Canadian Pacific Railway Price Performance

Shares of CP stock traded up $0.66 during trading hours on Friday, hitting $80.02. The company’s stock had a trading volume of 1,340,513 shares, compared to its average volume of 2,081,989. The company has a current ratio of 0.50, a quick ratio of 0.42 and a debt-to-equity ratio of 0.52. The business has a fifty day moving average of $72.61 and a 200-day moving average of $73.76. Canadian Pacific Railway Limited has a twelve month low of $64.37 and a twelve month high of $84.22. The stock has a market cap of $74.41 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 2.79 and a beta of 0.95.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last released its quarterly earnings results on Thursday, July 28th. The transportation company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.19. Canadian Pacific Railway had a return on equity of 9.74% and a net margin of 29.38%. The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the business posted $0.84 earnings per share. Canadian Pacific Railway’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Canadian Pacific Railway Limited will post 2.88 EPS for the current year.

Canadian Pacific Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, September 30th will be given a $0.148 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, September 29th. Canadian Pacific Railway’s dividend payout ratio is presently 25.76%.

Canadian Pacific Railway Profile

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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.