Canadian Pacific Railway Limited (CP) is Greystone Managed Investments Inc.’s 9th Largest Position

Greystone Managed Investments Inc. cut its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 17.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 488,449 shares of the transportation company’s stock after selling 100,858 shares during the period. Canadian Pacific Railway Limited comprises 3.3% of Greystone Managed Investments Inc.’s portfolio, making the stock its 9th largest position. Greystone Managed Investments Inc. owned 0.33% of Canadian Pacific Railway Limited worth $71,547,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Alpine Woods Capital Investors LLC increased its stake in Canadian Pacific Railway Limited by 30.7% in the third quarter. Alpine Woods Capital Investors LLC now owns 97,800 shares of the transportation company’s stock valued at $14,934,000 after buying an additional 23,000 shares during the period. Ameriprise Financial Inc. increased its stake in Canadian Pacific Railway Limited by 189.2% in the third quarter. Ameriprise Financial Inc. now owns 36,825 shares of the transportation company’s stock valued at $5,624,000 after buying an additional 24,093 shares during the period. WMS Partners LLC increased its stake in Canadian Pacific Railway Limited by 0.4% in the third quarter. WMS Partners LLC now owns 56,807 shares of the transportation company’s stock valued at $8,674,000 after buying an additional 200 shares during the period. First Eagle Investment Management LLC bought a new stake in Canadian Pacific Railway Limited during the third quarter valued at $131,158,000. Finally, Rikoon Group LLC bought a new stake in Canadian Pacific Railway Limited during the third quarter valued at $1,119,000. 69.01% of the stock is owned by hedge funds and other institutional investors.

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

Canadian Pacific Railway Limited (NYSE:CP) traded up 2.03% on Friday, reaching $155.67. 704,657 shares of the company’s stock were exchanged. Canadian Pacific Railway Limited has a 52-week low of $119.50 and a 52-week high of $160.45. The firm’s 50 day moving average price is $153.03 and its 200 day moving average price is $149.14. The company has a market cap of $22.84 billion, a PE ratio of 21.17 and a beta of 1.08.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a $0.412 dividend. The ex-dividend date is Wednesday, June 28th. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. This represents a $1.65 dividend on an annualized basis and a dividend yield of 1.08%. Canadian Pacific Railway Limited’s payout ratio is currently 18.67%.

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Several equities research analysts have weighed in on the stock. Citigroup Inc reaffirmed a “buy” rating and issued a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. Loop Capital downgraded shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating and decreased their price target for the company from $157.34 to $119.50 in a research note on Friday, April 21st. They noted that the move was a valuation call. Cowen and Company reaffirmed an “outperform” rating and issued a $172.00 price target (down from $173.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, April 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $164.00 price target (down from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $174.00 price target (down from $177.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $182.47.

About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

12 Month Chart for NYSE:CP

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