Chartwell Investment Partners LLC Purchases 12,350 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

Chartwell Investment Partners LLC increased its position in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 1,278.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,316 shares of the transportation company’s stock after purchasing an additional 12,350 shares during the period. Chartwell Investment Partners LLC’s holdings in Canadian Pacific Railway were worth $3,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WCM Investment Management LLC boosted its stake in Canadian Pacific Railway by 5.2% in the first quarter. WCM Investment Management LLC now owns 5,760,029 shares of the transportation company’s stock worth $1,264,845,000 after purchasing an additional 284,219 shares in the last quarter. Veritas Asset Management LLP lifted its stake in Canadian Pacific Railway by 5.1% in the first quarter. Veritas Asset Management LLP now owns 3,293,700 shares of the transportation company’s stock valued at $723,264,000 after buying an additional 160,500 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Canadian Pacific Railway by 38.5% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,005,653 shares of the transportation company’s stock valued at $660,011,000 after buying an additional 835,865 shares in the last quarter. Lone Pine Capital LLC lifted its stake in Canadian Pacific Railway by 21.9% in the first quarter. Lone Pine Capital LLC now owns 2,279,058 shares of the transportation company’s stock valued at $500,458,000 after buying an additional 408,973 shares in the last quarter. Finally, 1832 Asset Management L.P. lifted its stake in Canadian Pacific Railway by 3.3% in the first quarter. 1832 Asset Management L.P. now owns 2,156,930 shares of the transportation company’s stock valued at $472,787,000 after buying an additional 69,672 shares in the last quarter. Institutional investors and hedge funds own 69.44% of the company’s stock.

CP has been the topic of a number of research reports. Credit Suisse Group lifted their price target on shares of Canadian Pacific Railway from $285.00 to $304.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. TheStreet raised shares of Canadian Pacific Railway from a “c” rating to a “b-” rating in a research report on Wednesday, April 29th. Benchmark boosted their price objective on shares of Canadian Pacific Railway from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Citigroup boosted their price objective on shares of Canadian Pacific Railway from $215.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday, June 25th. Finally, Argus reissued a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, April 23rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $327.38.

CP stock opened at $275.18 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.70 and a current ratio of 0.81. The company’s 50-day simple moving average is $260.06 and its 200 day simple moving average is $244.99. Canadian Pacific Railway Ltd has a 52 week low of $173.26 and a 52 week high of $280.76. The company has a market capitalization of $37.29 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.67 and a beta of 0.95.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $4.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.75 by $1.32. Canadian Pacific Railway had a net margin of 29.48% and a return on equity of 34.28%. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the prior year, the company posted $4.30 earnings per share. Canadian Pacific Railway’s revenue was down 9.5% compared to the same quarter last year. On average, analysts forecast that Canadian Pacific Railway Ltd will post 12.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be paid a dividend of $0.7065 per share. This represents a $2.83 dividend on an annualized basis and a yield of 1.03%. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.59. The ex-dividend date is Thursday, September 24th. Canadian Pacific Railway’s dividend payout ratio is presently 19.69%.

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 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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