Comerica Bank boosted its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 6.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,459 shares of the transportation company’s stock after acquiring an additional 669 shares during the quarter. Comerica Bank’s holdings in Canadian Pacific Railway were worth $1,963,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. CIBC Asset Management Inc lifted its position in Canadian Pacific Railway by 22.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares during the period. Mawer Investment Management Ltd. lifted its position in Canadian Pacific Railway by 23.8% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,213,962 shares of the transportation company’s stock valued at $204,020,000 after purchasing an additional 233,468 shares during the period. TD Asset Management Inc. lifted its position in Canadian Pacific Railway by 5.7% during the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares during the period. Great West Life Assurance Co. Can lifted its position in Canadian Pacific Railway by 16.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,246,074 shares of the transportation company’s stock valued at $208,890,000 after purchasing an additional 173,166 shares during the period. Finally, Mackenzie Financial Corp lifted its position in Canadian Pacific Railway by 6.8% during the 3rd quarter. Mackenzie Financial Corp now owns 1,348,220 shares of the transportation company’s stock valued at $226,541,000 after purchasing an additional 86,307 shares during the period. 67.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at $186.73 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.44 and a current ratio of 0.64. The company has a market cap of $27,140.00, a P/E ratio of 11.69, a price-to-earnings-growth ratio of 1.52 and a beta of 1.08. Canadian Pacific Railway Limited has a fifty-two week low of $143.20 and a fifty-two week high of $188.74.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing the consensus estimate of $2.57 by ($0.03). The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%. equities analysts anticipate that Canadian Pacific Railway Limited will post 10.51 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.4473 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. This represents a $1.79 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, March 22nd. Canadian Pacific Railway’s dividend payout ratio (DPR) is 11.45%.
A number of analysts recently weighed in on the stock. Goldman Sachs Group upgraded shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and increased their price target for the company from $176.72 to $213.00 in a research report on Tuesday, February 13th. Deutsche Bank assumed coverage on shares of Canadian Pacific Railway in a research report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price target on the stock. Finally, Cowen increased their price target on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. Canadian Pacific Railway currently has a consensus rating of “Buy” and a consensus price target of $192.87.
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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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