WESPAC Advisors SoCal LLC held its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,200 shares of the transportation company’s stock at the close of the second quarter. WESPAC Advisors SoCal LLC’s holdings in Canadian Pacific Railway Limited were worth $192,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CP. 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 CP shares. Credit Suisse Group restated an “outperform” rating and issued a $178.00 price target (up from $171.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 28th. BidaskClub downgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research note on Saturday, June 10th. Stifel Nicolaus upped their price target on shares of 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. Zacks Investment Research upgraded shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada restated 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 given a hold rating and nineteen have given a buy rating to the stock. Canadian Pacific Railway Limited has a consensus rating of “Buy” and a consensus price target of $188.35.

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Canadian Pacific Railway Limited (NYSE CP) traded up 0.72% during midday trading on Friday, hitting $168.25. 237,343 shares of the stock were exchanged. Canadian Pacific Railway Limited has a 1-year low of $139.29 and a 1-year high of $169.11. The company’s 50 day moving average is $155.72 and its 200 day moving average is $155.01. The company has a market capitalization of $24.58 billion, a P/E ratio of 18.90 and a beta of 1.09.

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 is Thursday, September 28th. This represents a $1.76 annualized dividend and a dividend yield of 1.06%. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

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.

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

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