PCJ Investment Counsel Ltd. trimmed its position in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 35.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,724 shares of the transportation company’s stock after selling 11,361 shares during the period. Canadian Pacific Railway makes up about 3.2% of PCJ Investment Counsel Ltd.’s holdings, making the stock its 11th biggest position. PCJ Investment Counsel Ltd.’s holdings in Canadian Pacific Railway were worth $4,576,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bowen Hanes & Co. Inc. grew its position in Canadian Pacific Railway by 1,025.2% in the 4th quarter. Bowen Hanes & Co. Inc. now owns 120,620 shares of the transportation company’s stock valued at $30,752,000 after buying an additional 109,900 shares during the last quarter. FMR LLC grew its position in Canadian Pacific Railway by 18.4% in the 4th quarter. FMR LLC now owns 2,227,162 shares of the transportation company’s stock valued at $567,755,000 after buying an additional 346,723 shares during the last quarter. Fieldpoint Private Securities LLC grew its position in Canadian Pacific Railway by 19.8% in the 4th quarter. Fieldpoint Private Securities LLC now owns 4,616 shares of the transportation company’s stock valued at $1,177,000 after buying an additional 764 shares during the last quarter. State Street Corp grew its position in Canadian Pacific Railway by 10.9% in the 4th quarter. State Street Corp now owns 72,410 shares of the transportation company’s stock valued at $18,507,000 after buying an additional 7,125 shares during the last quarter. Finally, Guggenheim Capital LLC purchased a new position in Canadian Pacific Railway in the 4th quarter valued at $236,000. Hedge funds and other institutional investors own 69.36% of the company’s stock.

A number of research firms have commented on CP. JPMorgan Chase & Co. reduced their target price on Canadian Pacific Railway from $380.00 to $359.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Deutsche Bank reduced their target price on Canadian Pacific Railway from $272.00 to $260.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Barclays reduced their target price on Canadian Pacific Railway from $359.00 to $335.00 and set an “equal weight” rating for the company in a report on Wednesday, April 22nd. Argus reissued a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, April 23rd. Finally, UBS Group raised their target price on Canadian Pacific Railway from $321.00 to $341.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $301.00.

Canadian Pacific Railway stock traded up $7.53 during midday trading on Wednesday, reaching $260.23. 19,653 shares of the company were exchanged, compared to its average volume of 524,485. The company has a market capitalization of $33.81 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.85 and a beta of 0.95. The firm’s 50-day simple moving average is $230.82 and its 200-day simple moving average is $241.31. Canadian Pacific Railway Ltd has a 1 year low of $173.26 and a 1 year high of $275.13. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.69 and a current ratio of 0.78.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, April 21st. The transportation company reported $4.42 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $1.56. The firm had revenue of $2.04 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Canadian Pacific Railway had a return on equity of 35.29% and a net margin of 29.95%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.79 EPS. On average, analysts forecast that Canadian Pacific Railway Ltd will post 11.72 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, June 25th. Canadian Pacific Railway’s dividend payout ratio is presently 19.05%.

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 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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