Schafer Cullen Capital Management Inc. Has $220,000 Stake in Canadian Pacific Railway Limited (CP)

Schafer Cullen Capital Management Inc. continued to hold its stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,370 shares of the transportation company’s stock at the end of the second quarter. Schafer Cullen Capital Management Inc.’s holdings in Canadian Pacific Railway Limited were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CP. MARSHALL WACE ASIA Ltd bought a new position in shares of Canadian Pacific Railway Limited during the first quarter worth $553,000. Marshall Wace North America L.P. bought a new position in shares of Canadian Pacific Railway Limited during the first quarter worth $553,000. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Railway Limited by 5.0% during the first quarter. Vanguard Group Inc. now owns 3,080,214 shares of the transportation company’s stock worth $452,545,000 after purchasing an additional 146,826 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Canadian Pacific Railway Limited by 16.0% during the first quarter. Dimensional Fund Advisors LP now owns 27,150 shares of the transportation company’s stock worth $3,989,000 after purchasing an additional 3,736 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its position in shares of Canadian Pacific Railway Limited by 3.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock worth $166,000 after purchasing an additional 35 shares in the last quarter. 65.89% of the stock is currently owned by institutional investors.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.24% during midday trading on Friday, reaching $168.55. 294,441 shares of the company’s stock traded hands. The firm has a market cap of $24.62 billion, a PE ratio of 18.38 and a beta of 1.11. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $170.60. The company has a 50 day moving average of $162.75 and a 200 day moving average of $157.54.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a $0.4411 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s dividend payout ratio is currently 21.43%.

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A number of brokerages have recently weighed in on CP. J P Morgan Chase & Co raised shares of Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a research report on Thursday. Stifel Nicolaus reissued a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. Argus reissued a “buy” rating and set a $180.00 price target (up from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Finally, BidaskClub raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $188.35.

Canadian Pacific Railway Limited Company Profile

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.

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

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