Capital Fund Management S.A. Has $24.53 Million Stock Holdings in Canadian Pacific Railway Limited (NYSE:CP)

Capital Fund Management S.A. boosted its position in Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 341,016 shares of the transportation company’s stock after buying an additional 1,495 shares during the quarter. Capital Fund Management S.A. owned approximately 0.05% of Canadian Pacific Railway worth $24,533,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Canadian Pacific Railway by 75.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 33,543,907 shares of the transportation company’s stock valued at $2,413,148,000 after buying an additional 14,404,285 shares in the last quarter. FIL Ltd raised its position in Canadian Pacific Railway by 11.5% in the third quarter. FIL Ltd now owns 22,392,073 shares of the transportation company’s stock valued at $1,461,813,000 after purchasing an additional 2,308,635 shares during the last quarter. Veritas Asset Management LLP raised its position in Canadian Pacific Railway by 0.8% in the fourth quarter. Veritas Asset Management LLP now owns 15,391,371 shares of the transportation company’s stock valued at $1,107,255,000 after purchasing an additional 115,700 shares during the last quarter. TD Asset Management Inc. raised its position in Canadian Pacific Railway by 1.7% in the fourth quarter. TD Asset Management Inc. now owns 14,626,874 shares of the transportation company’s stock valued at $1,053,519,000 after purchasing an additional 240,806 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Railway by 11.9% during the third quarter. The Manufacturers Life Insurance Company now owns 9,570,790 shares of the transportation company’s stock worth $791,600,000 after acquiring an additional 1,014,779 shares during the last quarter. Institutional investors own 75.22% of the company’s stock.

A number of equities research analysts have commented on the company. Raymond James reduced their price objective on Canadian Pacific Railway from C$105.00 to C$100.00 in a research note on Friday, April 22nd. Susquehanna lifted their price target on Canadian Pacific Railway from $89.00 to $96.00 and gave the stock a “positive” rating in a report on Thursday, April 7th. StockNews.com upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $76.00 target price on the stock in a research note on Monday, February 21st. Finally, Bank of America lowered Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Friday, April 8th. Eight analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $93.13.

Shares of CP stock traded down $0.60 during trading hours on Thursday, reaching $68.10. 1,988,957 shares of the company’s stock were exchanged, compared to its average volume of 3,555,075. The stock’s 50 day moving average is $76.86 and its 200-day moving average is $74.66. The company has a market cap of $63.32 billion, a price-to-earnings ratio of 21.63, a P/E/G ratio of 2.61 and a beta of 0.96. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. Canadian Pacific Railway Limited has a fifty-two week low of $64.37 and a fifty-two week high of $84.22.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 27th. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. Canadian Pacific Railway’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 earnings per share. Equities analysts anticipate that Canadian Pacific Railway Limited will post 2.9 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Shareholders of record on Friday, June 24th will be given a $0.152 dividend. This represents a $0.61 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Thursday, June 23rd. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.15. Canadian Pacific Railway’s dividend payout ratio (DPR) is currently 19.30%.

Canadian Pacific Railway Company Profile (Get Rating)

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.

See Also

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.