Montrusco Bolton Investments Inc. reduced its stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 17.0% during the 4th quarter, Holdings Channel reports. The firm owned 70,778 shares of the transportation company’s stock after selling 14,458 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Canadian Pacific Railway were worth $12,973,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors bought a new position in shares of Canadian Pacific Railway in the 2nd quarter worth $130,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Canadian Pacific Railway by 23.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after purchasing an additional 167 shares during the last quarter. Boston Private Wealth LLC bought a new position in shares of Canadian Pacific Railway in the 3rd quarter worth $203,000. FineMark National Bank & Trust bought a new position in shares of Canadian Pacific Railway in the 3rd quarter worth $208,000. Finally, Laurel Wealth Advisors Inc. bought a new position in shares of Canadian Pacific Railway in the 2nd quarter worth $215,000. Institutional investors and hedge funds own 67.52% of the company’s stock.

CP has been the topic of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $184.00 price objective on shares of Canadian Pacific Railway in a research note on Thursday, September 21st. JPMorgan Chase & Co. raised Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research note on Thursday, October 12th. Cowen raised their price objective on Canadian Pacific Railway from $182.00 to $184.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. BMO Capital Markets reaffirmed a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Finally, Morgan Stanley raised their price objective on Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $191.19.

Canadian Pacific Railway Limited (NYSE CP) traded down $0.77 on Friday, hitting $182.80. The company’s stock had a trading volume of 450,339 shares, compared to its average volume of 509,625. Canadian Pacific Railway Limited has a 1 year low of $143.20 and a 1 year high of $187.42. The firm has a market cap of $26,430.00, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.51 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s dividend payout ratio is 17.90%.

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Canadian Pacific Railway 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 (NYSE:CP)

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