Canadian Pacific Railway Limited (NYSE:CP) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund lowered its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 36.2% during the third quarter, Holdings Channel reports. The fund owned 275,000 shares of the transportation company’s stock after selling 155,936 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Canadian Pacific Railway were worth $17,937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in CP. Candriam Luxembourg S.C.A. grew its position in Canadian Pacific Railway by 26.2% during the third quarter. Candriam Luxembourg S.C.A. now owns 22,203 shares of the transportation company’s stock valued at $1,449,000 after buying an additional 4,613 shares during the period. Korea Investment CORP grew its position in Canadian Pacific Railway by 331.3% during the second quarter. Korea Investment CORP now owns 143,200 shares of the transportation company’s stock valued at $11,023,000 after buying an additional 110,000 shares during the period. Bank of New York Mellon Corp grew its position in Canadian Pacific Railway by 376.1% during the second quarter. Bank of New York Mellon Corp now owns 774,354 shares of the transportation company’s stock valued at $59,555,000 after buying an additional 611,709 shares during the period. Raymond James & Associates grew its position in Canadian Pacific Railway by 15.4% during the third quarter. Raymond James & Associates now owns 401,431 shares of the transportation company’s stock valued at $26,175,000 after buying an additional 53,610 shares during the period. Finally, Princeton Capital Management LLC grew its position in Canadian Pacific Railway by 404.5% during the second quarter. Princeton Capital Management LLC now owns 57,532 shares of the transportation company’s stock valued at $4,424,000 after buying an additional 46,129 shares during the period. Hedge funds and other institutional investors own 76.86% of the company’s stock.

Several equities analysts have issued reports on CP shares. Evercore ISI started coverage on shares of Canadian Pacific Railway in a report on Monday, December 20th. They set an “outperform” rating on the stock. Desjardins decreased their price objective on shares of Canadian Pacific Railway from C$104.00 to C$103.00 and set a “buy” rating on the stock in a report on Friday, October 22nd. Susquehanna Bancshares raised shares of Canadian Pacific Railway from a “neutral” rating to a “positive” rating and increased their price objective for the company from $73.00 to $87.00 in a report on Monday, January 3rd. Scotiabank increased their price objective on shares of Canadian Pacific Railway from C$105.00 to C$106.00 and gave the company an “outperform” rating in a report on Friday, December 3rd. Finally, Susquehanna raised shares of Canadian Pacific Railway from a “neutral” rating to a “positive” rating and increased their price objective for the company from $73.00 to $87.00 in a report on Monday, January 3rd. Five research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $93.05.

Shares of CP stock opened at $77.50 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.39 and a quick ratio of 0.33. The firm’s 50-day moving average is $73.47 and its two-hundred day moving average is $72.46. Canadian Pacific Railway Limited has a 12 month low of $64.37 and a 12 month high of $83.07. The company has a market capitalization of $51.69 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.55 and a beta of 0.91.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, October 19th. The transportation company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). Canadian Pacific Railway had a return on equity of 30.63% and a net margin of 39.34%. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.96 billion. During the same period last year, the firm earned $0.62 earnings per share. Canadian Pacific Railway’s revenue for the quarter was up 4.2% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Railway Limited will post 2.99 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 31st. Shareholders of record on Friday, December 31st will be given a dividend of $0.1536 per share. The ex-dividend date is Thursday, December 30th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.79%. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 16.25%.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail service. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

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

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