Fayez Sarofim & Co. cut its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 2.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 706,165 shares of the transportation company’s stock after selling 15,647 shares during the period. Fayez Sarofim & Co. owned approximately 0.48% of Canadian Pacific Railway Limited worth $113,557,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Canadian Pacific Railway Limited in the second quarter valued at about $130,000. Parallel Advisors LLC grew its stake in shares of Canadian Pacific Railway Limited by 37.0% in the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 235 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Canadian Pacific Railway Limited by 23.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after acquiring an additional 167 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Canadian Pacific Railway Limited in the second quarter valued at about $163,000. Finally, Edmond DE Rothschild Holding S.A. grew its stake in shares of Canadian Pacific Railway Limited by 3.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after acquiring an additional 35 shares in the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research report on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $184.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. Wolfe Research cut shares of Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a $183.00 price objective (up previously from $178.00) on shares of Canadian Pacific Railway Limited in a research report on Thursday, July 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the stock. Canadian Pacific Railway Limited has an average rating of “Buy” and an average price target of $188.35.

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Canadian Pacific Railway Limited (NYSE CP) traded down 0.27% on Friday, hitting $158.79. 374,442 shares of the stock were exchanged. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $167.52. The firm has a market cap of $23.20 billion, a PE ratio of 18.07 and a beta of 1.09. The company has a 50-day moving average price of $155.48 and a 200-day moving average price of $154.72.

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 issued a dividend of $0.4411 per share. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.11%. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

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.

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

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