Canadian Pacific Railway Limited (CP) Position Lowered by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. lowered its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 42.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,904 shares of the transportation company’s stock after selling 292,695 shares during the period. UBS Asset Management Americas Inc. owned 0.28% of Canadian Pacific Railway Limited worth $57,666,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Baker Ellis Asset Management LLC purchased a new position in shares of Canadian Pacific Railway Limited during the third quarter worth $104,000. CGOV Asset Management purchased a new position in shares of Canadian Pacific Railway Limited during the third quarter worth $68,834,000. K.J. Harrison & Partners Inc purchased a new position in shares of Canadian Pacific Railway Limited during the third quarter worth $2,475,000. HL Financial Services LLC bought a new position in shares of Canadian Pacific Railway Limited during the third quarter worth approximately $227,000. Finally, CENTRAL TRUST Co boosted its position in shares of Canadian Pacific Railway Limited by 1.0% in the third quarter. CENTRAL TRUST Co now owns 30,503 shares of the transportation company’s stock worth $4,657,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 69.01% of the company’s stock.

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

Shares of Canadian Pacific Railway Limited (NYSE:CP) traded up 2.98% during midday trading on Thursday, hitting $154.35. The stock had a trading volume of 1,078,521 shares. Canadian Pacific Railway Limited has a 52-week low of $119.50 and a 52-week high of $157.34. The firm has a market cap of $22.59 billion, a price-to-earnings ratio of 19.49 and a beta of 1.08. The firm’s 50 day moving average price is $148.33 and its 200 day moving average price is $148.30.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Friday, March 31st will be given a $0.3803 dividend. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.02%. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.38. Canadian Pacific Railway Limited’s payout ratio is presently 18.67%.

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A number of equities analysts have commented on the company. Zacks Investment Research raised Canadian Pacific Railway Limited from a “sell” rating to a “hold” rating in a research note on Friday, January 20th. Credit Suisse Group AG reissued an “outperform” rating and set a $168.00 target price (up from $162.00) on shares of Canadian Pacific Railway Limited in a research note on Monday, March 6th. Barclays PLC reissued a “buy” rating and set a $177.00 target price on shares of Canadian Pacific Railway Limited in a research note on Tuesday, January 10th. CLSA raised Canadian Pacific Railway Limited from an “underperform” rating to an “outperform” rating in a research note on Tuesday, January 10th. Finally, Royal Bank of Canada dropped their price target on Canadian Pacific Railway Limited from $239.00 to $224.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 17th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty-one have issued a buy rating to the company. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average price target of $184.06.

In related news, VP Mark Kenneth Wallace sold 577 shares of the business’s stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $154.36, for a total transaction of $89,065.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO E Hunter Harrison sold 178,617 shares of the business’s stock in a transaction dated Friday, January 20th. The shares were sold at an average price of $150.81, for a total transaction of $26,937,229.77. The disclosure for this sale can be found here. Insiders sold a total of 191,184 shares of company stock valued at $28,835,829 in the last three months. Insiders own 0.13% of the company’s stock.

About Canadian Pacific Railway Limited

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.

5 Day Chart for NYSE:CP

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