Essex Investment Management Co. LLC Takes $648,000 Position in Canadian Pacific Railway Limited (NYSE:CP)

Essex Investment Management Co. LLC purchased a new position in Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,012 shares of the transportation company’s stock, valued at approximately $648,000.

Other institutional investors have also added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of Canadian Pacific Railway by 828.6% in the 3rd quarter. Barclays PLC now owns 111,259 shares of the transportation company’s stock valued at $7,238,000 after purchasing an additional 99,278 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Canadian Pacific Railway by 12.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 6,813 shares of the transportation company’s stock worth $443,000 after buying an additional 736 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in Canadian Pacific Railway by 38.2% during the third quarter. Allianz Asset Management GmbH now owns 480,435 shares of the transportation company’s stock worth $31,365,000 after buying an additional 132,831 shares during the period. Goldman Sachs Group Inc. increased its position in Canadian Pacific Railway by 41.7% during the third quarter. Goldman Sachs Group Inc. now owns 1,076,978 shares of the transportation company’s stock valued at $70,079,000 after acquiring an additional 316,905 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Canadian Pacific Railway by 1.3% in the third quarter. US Bancorp DE now owns 49,540 shares of the transportation company’s stock valued at $3,223,000 after acquiring an additional 624 shares during the period. 75.22% of the stock is currently owned by institutional investors.

CP stock opened at $71.07 on Wednesday. Canadian Pacific Railway Limited has a 12-month low of $64.37 and a 12-month high of $84.22. The business’s 50-day moving average is $76.26 and its 200 day moving average is $74.46. The company has a current ratio of 0.44, a quick ratio of 0.36 and a debt-to-equity ratio of 0.53. The stock has a market cap of $66.09 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.50 and a beta of 0.96.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 27th. The transportation company reported $0.50 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.07). Canadian Pacific Railway had a net margin of 36.24% and a return on equity of 11.88%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Railway Limited will post 2.89 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Friday, June 24th will be issued a $0.152 dividend. This represents a $0.61 annualized dividend and a dividend yield of 0.86%. The ex-dividend date 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%.

A number of brokerages recently issued reports on CP. Susquehanna raised their price target on Canadian Pacific Railway from $89.00 to $96.00 and gave the stock a “positive” rating in a research note on Thursday, April 7th. Susquehanna Bancshares lifted their target price on Canadian Pacific Railway from $89.00 to $96.00 in a research report on Thursday, April 7th. Raymond James cut their price target on shares of Canadian Pacific Railway from C$105.00 to C$100.00 in a report on Friday, April 22nd. Bank of America downgraded shares of Canadian Pacific Railway from a “buy” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Friday, April 8th. Finally, StockNews.com raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Railway currently has a consensus rating of “Buy” and a consensus price target of $93.13.

About Canadian Pacific Railway (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

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

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