Boston Common Asset Management LLC lifted its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 0.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,819 shares of the transportation company’s stock after buying an additional 30 shares during the quarter. Boston Common Asset Management LLC’s holdings in Canadian Pacific Railway Limited were worth $3,830,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CP. Captrust Financial Advisors bought a new stake in Canadian Pacific Railway Limited in the 2nd quarter valued at $130,000. Parallel Advisors LLC lifted its holdings in Canadian Pacific Railway Limited by 37.0% during the 1st quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock valued at $134,000 after purchasing an additional 235 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Canadian Pacific Railway Limited by 23.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after purchasing an additional 167 shares during the period. Shine Investment Advisory Services Inc. bought a new position in Canadian Pacific Railway Limited during the second quarter worth $163,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position in 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 during the period. 65.89% of the stock is owned by institutional investors and hedge funds.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.50% on Monday, reaching $167.19. 166,643 shares of the company’s stock traded hands. The firm has a market cap of $24.42 billion, a P/E ratio of 18.24 and a beta of 1.11. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $169.11. The company’s 50-day moving average price is $155.72 and its 200 day moving average price is $155.01.

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

A number of analysts have recently issued reports on the stock. National Bank Financial cut shares of Canadian Pacific Railway Limited from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $219.00 to $207.00 in a research note on Wednesday, September 13th. Morgan Stanley decreased their price target on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 25th. BidaskClub lowered shares of Canadian Pacific Railway Limited from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 9th. Bank of America Corporation increased their price target on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Finally, Wolfe Research cut shares of Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $188.35.

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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.

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

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