Gulf International Bank UK Ltd Sells 98 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

Gulf International Bank UK Ltd lessened its holdings in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 3.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,465 shares of the transportation company’s stock after selling 98 shares during the period. Gulf International Bank UK Ltd’s holdings in Canadian Pacific Railway were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Liberty Wealth Management LLC increased its position in Canadian Pacific Railway by 287.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock worth $37,000 after buying an additional 118 shares during the period. Institutional & Family Asset Management LLC increased its position in Canadian Pacific Railway by 33.3% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock worth $56,000 after buying an additional 60 shares during the period. Clear Perspective Advisors LLC bought a new position in Canadian Pacific Railway during the 2nd quarter worth $65,000. Capital Investment Advisory Services LLC increased its position in Canadian Pacific Railway by 39.9% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 319 shares of the transportation company’s stock worth $76,000 after buying an additional 91 shares during the period. Finally, Coastal Investment Advisors Inc. increased its position in Canadian Pacific Railway by 81.5% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 343 shares of the transportation company’s stock worth $81,000 after buying an additional 154 shares during the period. Institutional investors and hedge funds own 68.02% of the company’s stock.

Several research firms have weighed in on CP. UBS Group lowered their price objective on Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. TheStreet cut Canadian Pacific Railway from a “b+” rating to a “c” rating in a research report on Tuesday, July 16th. Argus increased their price objective on Canadian Pacific Railway to $265.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Goldman Sachs Group assumed coverage on Canadian Pacific Railway in a research report on Wednesday, July 10th. They set a “neutral” rating and a $253.00 price objective on the stock. Finally, CIBC set a $327.00 target price on Canadian Pacific Railway and gave the stock a “buy” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $260.73.

CP opened at $216.01 on Friday. The firm has a market cap of $29.32 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.10. Canadian Pacific Railway Ltd has a 52-week low of $167.48 and a 52-week high of $247.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.55 and a current ratio of 0.67. The business’s fifty day moving average is $228.56 and its 200-day moving average is $227.47.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 16th. The transportation company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.19 by $1.11. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.98 billion. Canadian Pacific Railway had a return on equity of 32.03% and a net margin of 30.40%. Canadian Pacific Railway’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.16 EPS. On average, research analysts predict that Canadian Pacific Railway Ltd will post 12.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.634 per share. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.62. This represents a $2.54 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, September 26th. Canadian Pacific Railway’s dividend payout ratio is 22.41%.

Canadian Pacific Railway 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 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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