Commonwealth Bank of Australia decreased its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,411 shares of the transportation company’s stock after selling 223 shares during the quarter. Commonwealth Bank of Australia’s holdings in Canadian Pacific Railway Limited were worth $2,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of CP. BB&T Corp purchased a new stake in Canadian Pacific Railway Limited during the 1st quarter worth about $225,000. Canada Pension Plan Investment Board increased its holdings in Canadian Pacific Railway Limited by 67.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 29,700 shares of the transportation company’s stock worth $4,356,000 after purchasing an additional 11,980 shares during the period. Advisors Asset Management Inc. increased its holdings in Canadian Pacific Railway Limited by 6.1% during the 1st quarter. Advisors Asset Management Inc. now owns 11,356 shares of the transportation company’s stock worth $1,668,000 after purchasing an additional 649 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Canadian Pacific Railway Limited by 30.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 108,069 shares of the transportation company’s stock worth $15,877,000 after purchasing an additional 25,050 shares during the period. Finally, HL Financial Services LLC increased its holdings in Canadian Pacific Railway Limited by 4.7% during the 1st quarter. HL Financial Services LLC now owns 1,571 shares of the transportation company’s stock worth $231,000 after purchasing an additional 70 shares during the period. Institutional investors own 65.89% of the company’s stock.

Canadian Pacific Railway Limited (CP) opened at 160.64 on Tuesday. The stock’s 50 day moving average price is $155.25 and its 200-day moving average price is $154.45. The stock has a market capitalization of $23.47 billion, a P/E ratio of 18.28 and a beta of 1.09. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a dividend of $0.4411 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a dividend yield of 1.10%. Canadian Pacific Railway Limited’s payout ratio is currently 19.88%.

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Several brokerages have weighed in on CP. Argus restated a “buy” rating and set a $180.00 price target (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a report on Tuesday, July 25th. Zacks Investment Research upgraded Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a report on Wednesday, July 12th. BidaskClub downgraded Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Stifel Nicolaus restated a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a report on Wednesday, August 16th. Finally, Wolfe Research downgraded Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $187.37.

Canadian Pacific Railway Limited Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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

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