Two Sigma Advisers LP Sells 6,100 Shares of Canadian Pacific Railway Limited (CP)
Two Sigma Advisers LP decreased its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,604 shares of the transportation company’s stock after selling 6,100 shares during the quarter. Two Sigma Advisers LP’s holdings in Canadian Pacific Railway were worth $13,664,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC purchased a new position in Canadian Pacific Railway in the fourth quarter worth approximately $133,000. SeaCrest Wealth Management LLC purchased a new position in Canadian Pacific Railway in the fourth quarter worth approximately $180,000. Jones Collombin Investment Counsel Inc lifted its stake in Canadian Pacific Railway by 46.7% in the fourth quarter. Jones Collombin Investment Counsel Inc now owns 1,012 shares of the transportation company’s stock worth $185,000 after acquiring an additional 322 shares during the last quarter. Financial Gravity Companies Inc. purchased a new position in Canadian Pacific Railway in the fourth quarter worth approximately $192,000. Finally, Raymond James Trust N.A. purchased a new position in Canadian Pacific Railway in the fourth quarter worth approximately $206,000. 68.59% of the stock is owned by institutional investors and hedge funds.
Shares of Canadian Pacific Railway Limited (CP) opened at $173.29 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.57 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway Limited has a 1-year low of $143.44 and a 1-year high of $188.80. The firm has a market cap of $25,602.63, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, March 23rd will be issued a dividend of $0.4473 per share. The ex-dividend date is Thursday, March 22nd. This represents a $1.79 dividend on an annualized basis and a yield of 1.03%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 14.33%.
A number of research analysts recently issued reports on CP shares. Cowen lifted their price target on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the stock an “outperform” rating in a research note on Friday, January 19th. Credit Suisse Group reiterated an “outperform” rating and issued a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a research note on Thursday, March 8th. Finally, Goldman Sachs upgraded shares of Canadian Pacific Railway from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $176.72 to $213.00 in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company. Canadian Pacific Railway has a consensus rating of “Buy” and a consensus target price of $194.13.
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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 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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