Fox Run Management L.L.C. Acquires Shares of 1,562 Canadian Pacific Railway Ltd (NYSE:CP)

Fox Run Management L.L.C. acquired a new stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,562 shares of the transportation company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Comerica Securities Inc. acquired a new position in shares of Canadian Pacific Railway in the fourth quarter valued at approximately $250,000. Dimensional Fund Advisors LP increased its position in Canadian Pacific Railway by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 45,666 shares of the transportation company’s stock worth $8,111,000 after purchasing an additional 2,352 shares during the last quarter. Suntrust Banks Inc. increased its position in Canadian Pacific Railway by 49.5% during the fourth quarter. Suntrust Banks Inc. now owns 1,969 shares of the transportation company’s stock worth $350,000 after purchasing an additional 652 shares during the last quarter. Nordea Investment Management AB grew its stake in Canadian Pacific Railway by 38.0% during the fourth quarter. Nordea Investment Management AB now owns 7,985 shares of the transportation company’s stock worth $1,935,000 after buying an additional 2,200 shares during the period. Finally, FMR LLC grew its stake in Canadian Pacific Railway by 8.6% during the fourth quarter. FMR LLC now owns 1,352,579 shares of the transportation company’s stock worth $240,001,000 after buying an additional 107,523 shares during the period. 67.58% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on CP shares. Desjardins downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Argus boosted their price objective on shares of Canadian Pacific Railway to $265.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Credit Suisse Group set a GBX 3,090 ($40.38) price objective on shares of Royal Dutch Shell and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Goldman Sachs Group downgraded shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 10th. Finally, ValuEngine downgraded shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $242.62.

Shares of CP stock opened at $238.83 on Wednesday. The stock has a market capitalization of $33.32 billion, a P/E ratio of 21.32, a PEG ratio of 1.65 and a beta of 1.09. The company has a fifty day moving average price of $237.22. The company has a quick ratio of 0.55, a current ratio of 0.67 and a debt-to-equity ratio of 1.15. Canadian Pacific Railway Ltd has a twelve month low of $167.48 and a twelve month high of $247.52.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.19 by $1.11. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.98 billion. Canadian Pacific Railway had a net margin of 30.40% and a return on equity of 32.03%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.16 earnings per share. As a group, research analysts forecast that Canadian Pacific Railway Ltd will post 12.77 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be paid a $0.634 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.62. This represents a $2.54 annualized dividend and a dividend yield of 1.06%. Canadian Pacific Railway’s dividend payout ratio is 22.68%.

Canadian Pacific Railway 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.

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

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