Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 624 shares of the transportation company’s stock, valued at approximately $216,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Sei Investments Co. lifted its position in shares of Canadian Pacific Railway by 396.0% in the 3rd quarter. Sei Investments Co. now owns 25,472 shares of the transportation company’s stock worth $7,754,000 after purchasing an additional 20,336 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Canadian Pacific Railway in the third quarter worth about $2,288,000. Two Sigma Advisers LP increased its position in Canadian Pacific Railway by 34.0% in the second quarter. Two Sigma Advisers LP now owns 31,550 shares of the transportation company’s stock worth $8,056,000 after buying an additional 8,014 shares in the last quarter. FMR LLC increased its position in Canadian Pacific Railway by 19.4% in the second quarter. FMR LLC now owns 3,017,263 shares of the transportation company’s stock worth $767,472,000 after buying an additional 490,263 shares in the last quarter. Finally, Signaturefd LLC increased its position in Canadian Pacific Railway by 7.4% in the third quarter. Signaturefd LLC now owns 1,577 shares of the transportation company’s stock worth $480,000 after buying an additional 108 shares in the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. Zacks Investment Research cut Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $314.00 price target for the company. in a research report on Tuesday, September 22nd. TD Securities upped their price target on Canadian Pacific Railway from $450.00 to $485.00 and gave the stock a “buy” rating in a research report on Wednesday, October 21st. Royal Bank of Canada upped their price target on Canadian Pacific Railway from $439.00 to $451.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 21st. Smith Barney Citigroup increased their target price on Canadian Pacific Railway from $355.00 to $430.00 in a research report on Monday. Finally, Barclays increased their target price on Canadian Pacific Railway from $415.00 to $420.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $372.62.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $4.12 earnings per share for the quarter, missing the consensus estimate of $4.23 by ($0.11). The firm had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. Canadian Pacific Railway had a net margin of 29.66% and a return on equity of 32.77%. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.61 EPS. On average, analysts anticipate that Canadian Pacific Railway Limited will post 13.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be paid a $0.7202 dividend. This represents a $2.88 annualized dividend and a dividend yield of 0.79%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Wednesday, December 30th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 24.05%.
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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.
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