Laurel Wealth Advisors Inc. acquired a new position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,338 shares of the transportation company’s stock, valued at approximately $215,000.

Several other large investors also recently bought and sold shares of CP. Causeway Capital Management LLC purchased a new position in Canadian Pacific Railway Limited in the 1st quarter valued at approximately $662,274,000. Arrowstreet Capital Limited Partnership boosted its position in Canadian Pacific Railway Limited by 62,170.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock valued at $150,200,000 after buying an additional 932,562 shares during the period. Janus Henderson Group PLC purchased a new position in Canadian Pacific Railway Limited in the 2nd quarter valued at approximately $108,548,000. CIBC Asset Management Inc boosted its position in Canadian Pacific Railway Limited by 31.7% in the 2nd 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 period. Finally, Point72 Asset Management L.P. boosted its position in Canadian Pacific Railway Limited by 147.1% in the 1st 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 period. 65.89% of the stock is owned by hedge funds and other institutional investors.

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Shares of Canadian Pacific Railway Limited (NYSE:CP) traded up 1.71% during mid-day trading on Thursday, hitting $170.26. 205,336 shares of the stock traded hands. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $170.37. The stock has a market cap of $24.87 billion, a P/E ratio of 18.57 and a beta of 1.11. The firm’s 50 day moving average price is $161.50 and its 200-day moving average price is $157.23.

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

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

About Canadian Pacific Railway Limited

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.

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

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