Bristol John W & Co. Inc. NY reduced its position in Canadian Pacific Railway Ltd. (NYSE:CP) (TSE:CP) by 3.1% during the third quarter, according to its most recent disclosure with the SEC. The firm owned 442,765 shares of the company’s stock after selling 14,272 shares during the period. Canadian Pacific Railway accounts for about 1.9% of Bristol John W & Co. Inc. NY’s portfolio, making the stock its 28th largest position. Bristol John W & Co. Inc. NY owned 0.30% of Canadian Pacific Railway worth $67,610,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Canadian Pacific Railway during the second quarter worth approximately $105,000. Fifth Third Bancorp boosted its stake in shares of Canadian Pacific Railway by 5.2% in the second quarter. Fifth Third Bancorp now owns 1,365 shares of the company’s stock worth $176,000 after buying an additional 68 shares in the last quarter. Barnett & Company Inc. purchased a new stake in shares of Canadian Pacific Railway during the first quarter worth approximately $186,000. Park National Corp OH boosted its stake in shares of Canadian Pacific Railway by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock worth $214,000 after buying an additional 50 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new stake in shares of Canadian Pacific Railway during the third quarter worth approximately $221,000. 71.53% of the stock is owned by hedge funds and other institutional investors.

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

Canadian Pacific Railway Ltd. (NYSE:CP) traded down 0.42% during mid-day trading on Friday, hitting $145.60. The stock had a trading volume of 557,264 shares. Canadian Pacific Railway Ltd. has a one year low of $97.09 and a one year high of $157.34. The company has a 50 day moving average price of $147.43 and a 200-day moving average price of $142.24. The company has a market cap of $21.30 billion, a price-to-earnings ratio of 19.33 and a beta of 1.08.

Canadian Pacific Railway (NYSE:CP) last announced its earnings results on Wednesday, October 19th. The company reported $2.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.79 by $0.06. Canadian Pacific Railway had a return on equity of 30.92% and a net margin of 24.33%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the business posted $2.69 EPS. The firm’s revenue was down 9.1% compared to the same quarter last year. Equities analysts expect that Canadian Pacific Railway Ltd. will post $7.81 earnings per share for the current fiscal year.

A number of research firms have weighed in on CP. Seaport Global Securities began coverage on Canadian Pacific Railway in a research note on Monday, October 24th. They set a “buy” rating and a $165.00 price objective for the company. Vertical Research began coverage on Canadian Pacific Railway in a research note on Tuesday, October 11th. They set a “buy” rating for the company. Scotiabank reiterated an “outperform” rating and set a $220.00 price objective (up previously from $210.00) on shares of Canadian Pacific Railway in a research note on Saturday, October 22nd. TD Securities reiterated a “hold” rating and set a $205.00 price objective on shares of Canadian Pacific Railway in a research note on Saturday, October 22nd. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $220.00 price objective (up previously from $215.00) on shares of Canadian Pacific Railway in a research note on Saturday, October 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-one have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $182.15.

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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