Traynor Capital Management Inc. trimmed its position in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,428 shares of the transportation company’s stock after selling 239 shares during the period. Traynor Capital Management Inc.’s holdings in Canadian Pacific Railway were worth $364,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CP. KCS Wealth Advisory bought a new stake in Canadian Pacific Railway during the third quarter valued at about $36,000. First Interstate Bank bought a new stake in shares of Canadian Pacific Railway in the third quarter valued at about $67,000. Bartlett & Co. LLC lifted its stake in shares of Canadian Pacific Railway by 12.8% in the third quarter. Bartlett & Co. LLC now owns 389 shares of the transportation company’s stock valued at $87,000 after buying an additional 44 shares during the period. Quest Capital Management Inc. ADV bought a new stake in shares of Canadian Pacific Railway in the third quarter valued at about $89,000. Finally, Baldwin Brothers Inc. MA bought a new stake in shares of Canadian Pacific Railway in the third quarter valued at about $132,000. Institutional investors own 67.66% of the company’s stock.

NYSE:CP traded up $1.40 during mid-day trading on Friday, hitting $261.31. The company’s stock had a trading volume of 14,712 shares, compared to its average volume of 286,834. Canadian Pacific Railway Ltd has a fifty-two week low of $195.34 and a fifty-two week high of $267.63. 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 company has a market capitalization of $35.70 billion, a price-to-earnings ratio of 20.98, a P/E/G ratio of 1.70 and a beta of 1.15. The stock has a fifty day moving average of $255.53 and a 200-day moving average of $237.92.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business posted $4.12 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Canadian Pacific Railway Ltd will post 12.46 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.6303 dividend. This represents a $2.52 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, December 26th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 22.68%.

Several research firms recently weighed in on CP. Loop Capital cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 target price for the company. in a research note on Tuesday, December 17th. They noted that the move was a valuation call. ValuEngine cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Zacks Investment Research cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 target price for the company. in a research note on Monday, October 21st. National Bank Financial reduced their target price on shares of Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating for the company in a research note on Thursday, October 24th. Finally, CIBC reduced their target price on shares of Canadian Pacific Railway from $327.00 to $325.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $283.50.

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.

Read More: Correction

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.