1,897 Shares in Canadian Pacific Railway Limited (CP) Purchased by Private Advisor Group LLC

Private Advisor Group LLC purchased a new stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,897 shares of the transportation company’s stock, valued at approximately $309,000.

A number of other institutional investors also recently modified their holdings of the business. Causeway Capital Management LLC bought a new stake in Canadian Pacific Railway Limited in the 1st quarter valued at $662,274,000. WCM Investment Management CA boosted its holdings in Canadian Pacific Railway Limited by 6.4% in the 2nd quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock valued at $600,302,000 after purchasing an additional 223,142 shares during the period. TD Asset Management Inc. boosted its holdings in Canadian Pacific Railway Limited by 6.0% in the 2nd quarter. TD Asset Management Inc. now owns 3,719,943 shares of the transportation company’s stock valued at $597,654,000 after purchasing an additional 212,179 shares during the period. Vanguard Group Inc. boosted its holdings in Canadian Pacific Railway Limited by 5.0% in the 1st quarter. Vanguard Group Inc. now owns 3,080,214 shares of the transportation company’s stock valued at $452,545,000 after purchasing an additional 146,826 shares during the period. Finally, OppenheimerFunds Inc. boosted its holdings in Canadian Pacific Railway Limited by 34.9% in the 1st quarter. OppenheimerFunds Inc. now owns 2,505,015 shares of the transportation company’s stock valued at $368,038,000 after purchasing an additional 647,669 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.

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A number of research firms have recently commented on CP. Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 price objective (up from $178.00) on shares of Canadian Pacific Railway Limited in a report on Thursday, July 13th. They noted that the move was a valuation call. Stifel Nicolaus raised their price objective on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a “buy” rating in a report on Tuesday, July 11th. Bank of America Corporation raised their price objective on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Wells Fargo & Company reaffirmed an “outperform” rating and set a $180.00 price objective (up from $175.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, July 22nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $188.35.

Shares of Canadian Pacific Railway Limited (NYSE CP) opened at 161.68 on Wednesday. The firm has a market cap of $23.62 billion, a PE ratio of 18.16 and a beta of 1.09. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $167.52. The firm has a 50-day moving average of $155.72 and a 200 day moving average of $155.01.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a $0.4411 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.09%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s dividend payout ratio is 19.88%.

Canadian Pacific Railway Limited 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 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 Limited (NYSE:CP)

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