Canadian Pacific Railway Limited (CP) Holdings Raised by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 11.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,900 shares of the transportation company’s stock after acquiring an additional 1,300 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Canadian Pacific Railway were worth $2,168,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank lifted its position in shares of Canadian Pacific Railway by 0.4% in the 2nd quarter. Swiss National Bank now owns 565,300 shares of the transportation company’s stock worth $90,969,000 after purchasing an additional 2,500 shares during the period. CIBC World Markets Inc. lifted its position in shares of Canadian Pacific Railway by 0.7% in the 2nd quarter. CIBC World Markets Inc. now owns 1,854,390 shares of the transportation company’s stock worth $298,204,000 after purchasing an additional 13,562 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Canadian Pacific Railway by 62,170.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 934,062 shares of the transportation company’s stock worth $150,200,000 after purchasing an additional 932,562 shares during the period. CIBC Asset Management Inc lifted its position in shares of Canadian Pacific Railway by 22.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock worth $448,756,000 after purchasing an additional 486,845 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in shares of Canadian Pacific Railway by 15.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,744 shares of the transportation company’s stock worth $925,000 after purchasing an additional 751 shares during the period. 67.56% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Railway Limited (NYSE:CP) opened at $174.55 on Wednesday. Canadian Pacific Railway Limited has a 12-month low of $141.32 and a 12-month high of $180.34. The stock has a market cap of $25,467.84, a PE ratio of 20.55, a P/E/G ratio of 1.67 and a beta of 1.20. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 1.01%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 18.62%.

CP has been the subject of several research analyst reports. National Bank Financial cut shares of Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $219.00 to $207.00 in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Argus raised their target price on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. BMO Capital Markets reissued a “buy” rating and set a $238.00 price target on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. Finally, Goldman Sachs Group started coverage on shares of Canadian Pacific Railway in a research report on Monday, November 13th. They set a “neutral” rating and a $178.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. Canadian Pacific Railway has an average rating of “Buy” and an average target price of $191.19.

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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 operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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

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