Kemper Corp Master Retirement Trust continued to hold its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,000 shares of the transportation company’s stock at the close of the 2nd quarter. Canadian Pacific Railway Limited makes up 1.7% of Kemper Corp Master Retirement Trust’s investment portfolio, making the stock its 21st biggest holding. Kemper Corp Master Retirement Trust’s holdings in Canadian Pacific Railway Limited were worth $2,734,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CP. Causeway Capital Management LLC purchased a new stake in shares of Canadian Pacific Railway Limited during the 1st quarter worth $662,274,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Canadian Pacific Railway Limited by 62,170.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock worth $150,200,000 after purchasing an additional 932,562 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Canadian Pacific Railway Limited during the 2nd quarter worth $108,548,000. CIBC Asset Management Inc lifted its stake in shares of Canadian Pacific Railway Limited by 31.7% during the 2nd quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock worth $352,265,000 after purchasing an additional 527,453 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Canadian Pacific Railway Limited by 77.5% during the 1st quarter. Renaissance Technologies LLC now owns 835,800 shares of the transportation company’s stock worth $122,796,000 after purchasing an additional 364,800 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.

A number of equities research analysts recently weighed in on CP shares. Morgan Stanley decreased their price objective on Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating for the company in a research note on Tuesday, July 25th. Zacks Investment Research cut Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Stifel Nicolaus restated a “buy” rating and set a $184.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Thursday, September 21st. Cowen and Company restated a “buy” rating and set a $172.00 price objective on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $188.35.

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Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.27% on Friday, hitting $164.79. The stock had a trading volume of 464,946 shares. The company has a market cap of $24.07 billion, a price-to-earnings ratio of 17.97 and a beta of 1.11. The stock has a 50 day moving average price of $160.31 and a 200-day moving average price of $156.69. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $169.58.

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. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Railway Limited’s payout ratio is presently 21.43%.

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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