Morgan Stanley lowered its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 20.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 726,167 shares of the transportation company’s stock after selling 182,079 shares during the period. Morgan Stanley’s holdings in Canadian Pacific Railway were worth $132,903,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CP. WCM Investment Management CA grew its position in shares of Canadian Pacific Railway by 4.1% in the 1st quarter. WCM Investment Management CA now owns 4,205,045 shares of the transportation company’s stock valued at $742,190,000 after acquiring an additional 163,755 shares during the period. Artisan Partners Limited Partnership grew its position in shares of Canadian Pacific Railway by 1.7% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,327,729 shares of the transportation company’s stock valued at $609,041,000 after acquiring an additional 55,083 shares during the period. Egerton Capital UK LLP grew its position in shares of Canadian Pacific Railway by 24.4% in the 2nd quarter. Egerton Capital UK LLP now owns 2,792,805 shares of the transportation company’s stock valued at $511,139,000 after acquiring an additional 548,467 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Canadian Pacific Railway by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,059,934 shares of the transportation company’s stock valued at $377,010,000 after acquiring an additional 10,644 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Canadian Pacific Railway by 4.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,793,020 shares of the transportation company’s stock valued at $316,468,000 after acquiring an additional 80,763 shares during the period. 65.09% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on CP. Seaport Global Securities reissued a “buy” rating and issued a $205.00 price objective on shares of Canadian Pacific Railway in a research report on Monday, June 25th. Credit Suisse Group lifted their price objective on shares of Canadian Pacific Railway from $210.00 to $216.00 and gave the company an “outperform” rating in a research report on Thursday, July 19th. Stifel Nicolaus lifted their price objective on shares of Canadian Pacific Railway from $200.00 to $207.00 and gave the company a “hold” rating in a research report on Thursday, July 19th. Loop Capital reissued a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, July 19th. Finally, Raymond James raised shares of Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating in a research report on Monday, July 9th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $217.11.

Shares of CP stock opened at $206.89 on Wednesday. The stock has a market cap of $29.31 billion, a P/E ratio of 23.56, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.21. Canadian Pacific Railway Limited has a 52 week low of $161.14 and a 52 week high of $211.44.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, October 29th. Investors of record on Friday, September 28th will be issued a dividend of $0.4999 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, September 27th. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. Canadian Pacific Railway’s payout ratio is presently 22.44%.

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 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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