Advisor Group Inc. increased its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 27.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,090 shares of the transportation company’s stock after purchasing an additional 1,307 shares during the quarter. Advisor Group Inc.’s holdings in Canadian Pacific Railway Limited were worth $952,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CP. Causeway Capital Management LLC purchased a new stake in shares of Canadian Pacific Railway Limited during the first quarter worth about $662,274,000. CIBC Asset Management Inc boosted its stake in Canadian Pacific Railway Limited by 31.7% during the second quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock valued at $352,265,000 after buying an additional 527,453 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Canadian Pacific Railway Limited by 77.5% during the first quarter. Renaissance Technologies LLC now owns 835,800 shares of the transportation company’s stock valued at $122,796,000 after buying an additional 364,800 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Canadian Pacific Railway Limited by 147.1% during the first quarter. Point72 Asset Management L.P. now owns 385,700 shares of the transportation company’s stock valued at $56,667,000 after buying an additional 229,600 shares during the last quarter. Finally, WCM Investment Management CA boosted its stake in Canadian Pacific Railway Limited by 6.4% during the second quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock valued at $600,302,000 after buying an additional 223,142 shares during the last quarter. Hedge funds and other institutional investors own 65.89% of the company’s stock.

A number of equities analysts recently commented on CP shares. Cowen and Company reissued a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. Bank of America Corporation increased their price target on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. 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 note on Tuesday, July 25th. Zacks Investment Research raised Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target for the company in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus increased their price target on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $188.35.

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Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 168.03 on Friday. The stock has a 50 day moving average price of $155.72 and a 200 day moving average price of $155.01. The stock has a market capitalization of $24.55 billion, a P/E ratio of 18.33 and a beta of 1.09. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $169.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors 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 is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 dividend on an annualized basis and a yield of 1.05%. Canadian Pacific Railway Limited’s dividend payout ratio is currently 21.43%.

Canadian Pacific Railway Limited 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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