Bank of America Corp DE lifted its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 236,610 shares of the transportation company’s stock after purchasing an additional 5,065 shares during the quarter. Bank of America Corp DE owned 0.17% of Canadian Pacific Railway worth $43,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the company. HL Financial Services LLC increased its position in Canadian Pacific Railway by 20.2% during the second quarter. HL Financial Services LLC now owns 1,554 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 261 shares during the last quarter. Traynor Capital Management Inc. grew its holdings in Canadian Pacific Railway by 16.6% during the second quarter. Traynor Capital Management Inc. now owns 1,902 shares of the transportation company’s stock valued at $343,000 after purchasing an additional 271 shares during the period. D.A. Davidson & CO. grew its holdings in Canadian Pacific Railway by 7.0% during the second quarter. D.A. Davidson & CO. now owns 4,320 shares of the transportation company’s stock valued at $791,000 after purchasing an additional 282 shares during the period. Reliance Trust Co. of Delaware grew its holdings in Canadian Pacific Railway by 5.3% during the second quarter. Reliance Trust Co. of Delaware now owns 5,966 shares of the transportation company’s stock valued at $1,092,000 after purchasing an additional 300 shares during the period. Finally, BB&T Securities LLC grew its holdings in Canadian Pacific Railway by 2.9% during the second quarter. BB&T Securities LLC now owns 11,111 shares of the transportation company’s stock valued at $2,033,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 65.08% of the company’s stock.

Several analysts have issued reports on CP shares. Raymond James raised Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a report on Monday, July 9th. ValuEngine raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research raised Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report on Tuesday, July 17th. Stifel Nicolaus reissued a “hold” rating and set a $201.00 price target on shares of Canadian Pacific Railway in a report on Saturday, June 2nd. Finally, Argus boosted their price target on Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and an average price target of $217.11.

NYSE:CP opened at $209.32 on Tuesday. Canadian Pacific Railway Limited has a 52-week low of $164.01 and a 52-week high of $211.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market cap of $29.92 billion, a price-to-earnings ratio of 23.89, a P/E/G ratio of 1.76 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.40 by $0.76. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.73 billion. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. Canadian Pacific Railway’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.77 earnings per share. equities research analysts predict that Canadian Pacific Railway Limited will post 10.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 29th. Stockholders of record on Friday, September 28th will be paid a $0.4999 dividend. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio is 22.44%.

Canadian Pacific Railway Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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

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