Sumitomo Mitsui Trust Holdings Inc. increased its stake in Canadian Pacific Railway Ltd. (NYSE:CP) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 411,451 shares of the company’s stock after buying an additional 2,971 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.28% of Canadian Pacific Railway worth $52,729,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CP. Advisory Services Network LLC bought a new position in Canadian Pacific Railway during the second quarter valued at about $105,000. Zions Bancorporation raised its position in Canadian Pacific Railway by 83.0% in the first quarter. Zions Bancorporation now owns 1,054 shares of the company’s stock valued at $142,000 after buying an additional 478 shares during the last quarter. Barnett & Company Inc. bought a new position in Canadian Pacific Railway during the first quarter valued at about $186,000. Park National Corp OH raised its position in Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock valued at $214,000 after buying an additional 50 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co raised its position in Canadian Pacific Railway by 3.0% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 2,532 shares of the company’s stock valued at $326,000 after buying an additional 73 shares during the last quarter. Institutional investors own 68.20% of the company’s stock.

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

Canadian Pacific Railway Ltd. (NYSE:CP) traded down 0.24% during mid-day trading on Monday, hitting $150.35. The stock had a trading volume of 744,808 shares. The company’s 50 day moving average is $150.91 and its 200-day moving average is $141.54. Canadian Pacific Railway Ltd. has a 52 week low of $97.09 and a 52 week high of $157.34. The stock has a market capitalization of $22.22 billion, a P/E ratio of 20.34 and a beta of 1.32.

Canadian Pacific Railway (NYSE:CP) last posted its earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.50 by $0.45. Canadian Pacific Railway had a net margin of 23.36% and a return on equity of 32.47%. The company earned $1.45 billion during the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the business earned $2.45 EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Railway Ltd. will post $8.01 EPS for the current fiscal year.

Several research firms have recently issued reports on CP. Desjardins upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and decreased their target price for the stock from $204.00 to $195.00 in a research report on Wednesday, June 22nd. Loop Capital reiterated a “hold” rating on shares of Canadian Pacific Railway in a research report on Friday, September 9th. Citigroup Inc. boosted their price objective on Canadian Pacific Railway from $154.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, September 13th. Raymond James Financial Inc. lowered Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating in a research report on Monday. Finally, TD Securities reiterated a “hold” rating and issued a $185.00 price objective (down from $195.00) on shares of Canadian Pacific Railway in a research report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty have issued a buy rating to the company’s stock. Canadian Pacific Railway currently has a consensus rating of “Buy” and a consensus price target of $177.89.

In related news, Director Pershing Square Capital Manage sold 9,840,890 shares of Canadian Pacific Railway stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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