Creative Planning lessened its stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 27.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 23,010 shares of the transportation company’s stock after selling 8,496 shares during the quarter. Creative Planning’s holdings in Canadian Pacific Railway were worth $5,119,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CP. KCS Wealth Advisory acquired a new stake in Canadian Pacific Railway in the 3rd quarter worth about $36,000. Liberty Wealth Management LLC raised its position in shares of Canadian Pacific Railway by 287.8% in the 2nd quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock valued at $37,000 after buying an additional 118 shares in the last quarter. Institutional & Family Asset Management LLC raised its position in shares of Canadian Pacific Railway by 33.3% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock valued at $56,000 after buying an additional 60 shares in the last quarter. Clear Perspective Advisors LLC acquired a new position in shares of Canadian Pacific Railway in the 2nd quarter valued at approximately $65,000. Finally, First Interstate Bank acquired a new position in shares of Canadian Pacific Railway in the 3rd quarter valued at approximately $67,000. Institutional investors own 68.53% of the company’s stock.

CP traded down $0.60 during trading on Friday, reaching $236.03. 5,801 shares of the company’s stock were exchanged, compared to its average volume of 412,864. Canadian Pacific Railway Ltd has a one year low of $167.48 and a one year high of $247.52. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $32.37 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. The firm has a fifty day moving average price of $222.29 and a two-hundred day moving average price of $229.60.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.20. Canadian Pacific Railway had a net margin of 30.02% and a return on equity of 32.62%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period in the previous year, the firm posted $4.12 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Sell-side analysts expect that Canadian Pacific Railway Ltd will post 12.43 earnings per share for the current year.

Several equities analysts have recently commented on the stock. UBS Group dropped their target price on shares of Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating for the company in a research report on Tuesday, September 17th. Credit Suisse Group boosted their target price on shares of Canadian Pacific Railway from $262.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, July 17th. ValuEngine cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Cowen restated a “buy” rating and issued a $258.00 target price on shares of Canadian Pacific Railway in a research report on Tuesday, July 16th. Finally, Raymond James restated an “outperform” rating and issued a $340.00 target price on shares of Canadian Pacific Railway in a research report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have given a buy rating to the company. Canadian Pacific Railway currently has a consensus rating of “Buy” and a consensus target price of $272.12.

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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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