Connable Office Inc. reduced its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 7,360 shares of the transportation company’s stock after selling 665 shares during the quarter. Connable Office Inc.’s holdings in Canadian Pacific Railway were worth $1,345,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. grew its position in Canadian Pacific Railway by 5.7% during the third quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares in the last quarter. Hansberger Growth Investors LP grew its position in Canadian Pacific Railway by 9.4% during the third quarter. Hansberger Growth Investors LP now owns 50,253 shares of the transportation company’s stock valued at $8,444,000 after purchasing an additional 4,320 shares in the last quarter. CIBC Asset Management Inc grew its position in Canadian Pacific Railway by 22.2% during the third quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Canadian Pacific Railway by 15.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,744 shares of the transportation company’s stock valued at $925,000 after purchasing an additional 751 shares in the last quarter. Finally, Investec Asset Management LTD grew its position in Canadian Pacific Railway by 36.2% during the third quarter. Investec Asset Management LTD now owns 275,062 shares of the transportation company’s stock valued at $46,219,000 after purchasing an additional 73,097 shares in the last quarter. 67.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at $171.50 on Monday. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44. Canadian Pacific Railway Limited has a one year low of $143.20 and a one year high of $188.74. The stock has a market cap of $24,861.87, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.41 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Thursday, January 18th. The transportation company reported $2.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a return on equity of 31.61% and a net margin of 36.88%. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.36 billion. equities research analysts predict that Canadian Pacific Railway Limited will post 10.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Friday, December 29th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, December 28th. Canadian Pacific Railway’s payout ratio is 14.33%.

A number of research analysts recently commented on CP shares. Cowen boosted their price objective on shares of Canadian Pacific Railway from $184.00 to $207.00 and gave the company an “outperform” rating in a research report on Friday, January 19th. Argus lifted their target price on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Goldman Sachs Group began coverage on shares of Canadian Pacific Railway in a research note on Monday, November 13th. They issued a “neutral” rating and a $178.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and issued a $238.00 target price on shares of Canadian Pacific Railway in a research note on Wednesday, October 18th. Finally, Deutsche Bank began coverage on shares of Canadian Pacific Railway in a research note on Wednesday, November 1st. They issued a “buy” rating and a $209.00 target price for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $190.53.

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About Canadian Pacific Railway

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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