Oppenheimer & Co. Inc. increased its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 5.4% during the fourth quarter, Holdings Channel reports. The fund owned 3,151 shares of the transportation company’s stock after purchasing an additional 161 shares during the period. Oppenheimer & Co. Inc.’s holdings in Canadian Pacific Railway were worth $559,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. CWM LLC boosted its position in Canadian Pacific Railway by 186.2% in the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock valued at $29,000 after buying an additional 108 shares during the last quarter. Bartlett & Co. LLC bought a new position in Canadian Pacific Railway in the 4th quarter valued at $67,000. Csenge Advisory Group bought a new position in Canadian Pacific Railway in the 3rd quarter valued at $136,000. Tower Research Capital LLC TRC bought a new position in Canadian Pacific Railway in the 3rd quarter valued at $149,000. Finally, Usca Ria LLC bought a new position in Canadian Pacific Railway in the 3rd quarter valued at $207,000. Institutional investors and hedge funds own 68.36% of the company’s stock.
CP stock opened at $200.35 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.58 and a current ratio of 0.68. The firm has a market capitalization of $28.25 billion, a PE ratio of 17.89, a P/E/G ratio of 1.42 and a beta of 1.15. Canadian Pacific Railway Limited has a twelve month low of $167.48 and a twelve month high of $224.19.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 23rd. The transportation company reported $4.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.18 by $1.37. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. Canadian Pacific Railway had a return on equity of 30.69% and a net margin of 26.62%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.22 EPS. On average, analysts expect that Canadian Pacific Railway Limited will post 12.65 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, January 28th. Stockholders of record on Friday, December 28th were paid a $0.489 dividend. The ex-dividend date was Thursday, December 27th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.98%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.33. Canadian Pacific Railway’s dividend payout ratio is 17.05%.
A number of research analysts have commented on the company. Zacks Investment Research lowered Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday. Stephens set a $236.00 price objective on Canadian Pacific Railway and gave the company a “hold” rating in a research report on Friday, October 19th. Credit Suisse Group decreased their price objective on Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating on the stock in a research report on Monday, January 7th. Deutsche Bank increased their price objective on Canadian Pacific Railway from $245.00 to $248.00 and gave the company a “buy” rating in a research report on Monday, December 3rd. Finally, Stifel Nicolaus upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $244.00 price objective on the stock in a research report on Friday, October 12th. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Canadian Pacific Railway currently has a consensus rating of “Buy” and an average target price of $232.14.
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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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.
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