Artisan Partners Limited Partnership raised its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,018,329 shares of the transportation company’s stock after acquiring an additional 125,306 shares during the quarter. Canadian Pacific Railway Limited accounts for about 1.8% of Artisan Partners Limited Partnership’s investment portfolio, making the stock its 10th largest holding. Artisan Partners Limited Partnership owned approximately 4.12% of Canadian Pacific Railway Limited worth $967,807,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CP. Parametric Portfolio Associates LLC grew its position in Canadian Pacific Railway Limited by 30.2% in the first quarter. Parametric Portfolio Associates LLC now owns 108,069 shares of the transportation company’s stock valued at $15,877,000 after acquiring an additional 25,050 shares in the last quarter. Oxford Asset Management purchased a new position in shares of Canadian Pacific Railway Limited during the 1st quarter valued at approximately $836,000. Stifel Financial Corp boosted its stake in shares of Canadian Pacific Railway Limited by 8.3% during the 1st quarter. Stifel Financial Corp now owns 27,503 shares of the transportation company’s stock valued at $4,036,000 after buying an additional 2,113 shares during the last quarter. Cipher Capital LP purchased a new position in shares of Canadian Pacific Railway Limited during the 1st quarter valued at approximately $262,000. Finally, Blair William & Co. IL boosted its stake in shares of Canadian Pacific Railway Limited by 1.1% during the 1st quarter. Blair William & Co. IL now owns 15,281 shares of the transportation company’s stock valued at $2,245,000 after buying an additional 160 shares during the last quarter. 65.89% of the stock is owned by institutional investors.

Shares of Canadian Pacific Railway Limited (NYSE CP) traded down 0.27% during midday trading on Friday, reaching $158.79. The company’s stock had a trading volume of 374,442 shares. The company has a market capitalization of $23.20 billion, a price-to-earnings ratio of 18.07 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 stock has a 50 day moving average price of $155.48 and a 200-day moving average price of $154.72.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a $0.4411 dividend. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 28th. This represents a $1.76 annualized dividend and a yield of 1.11%. Canadian Pacific Railway Limited’s payout ratio is currently 19.88%.

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Several equities analysts have recently commented on the company. Credit Suisse Group reiterated an “outperform” rating and set a $183.00 target price (up from $178.00) on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 13th. They noted that the move was a valuation call. Stifel Nicolaus increased their target price on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. Bank of America Corporation increased their target price on Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Wells Fargo & Company reiterated an “outperform” rating and set a $180.00 target price (up from $175.00) on shares of Canadian Pacific Railway Limited in a research note on Saturday, July 22nd. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Railway Limited in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and an average target price of $188.35.

About Canadian Pacific Railway Limited

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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