Vanguard Group Inc. grew its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,225,817 shares of the transportation company’s stock after acquiring an additional 145,603 shares during the quarter. Vanguard Group Inc. owned about 2.21% of Canadian Pacific Railway Limited worth $518,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Artisan Partners Limited Partnership boosted its stake in shares of Canadian Pacific Railway Limited by 2.1% in the second quarter. Artisan Partners Limited Partnership now owns 6,018,329 shares of the transportation company’s stock worth $967,807,000 after acquiring an additional 125,306 shares during the last quarter. Causeway Capital Management LLC purchased a new stake in shares of Canadian Pacific Railway Limited during the first quarter worth approximately $662,274,000. WCM Investment Management CA increased its position in shares of Canadian Pacific Railway Limited by 6.4% during the second quarter. WCM Investment Management CA now owns 3,732,988 shares of the transportation company’s stock worth $600,302,000 after purchasing an additional 223,142 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Canadian Pacific Railway Limited by 6.0% during the second quarter. TD Asset Management Inc. now owns 3,719,943 shares of the transportation company’s stock worth $597,654,000 after purchasing an additional 212,179 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Canadian Pacific Railway Limited by 31.7% during the second quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock worth $352,265,000 after purchasing an additional 527,453 shares in the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.

A number of analysts have commented on CP shares. Cowen and Company reiterated a “buy” rating and issued a $172.00 price objective on shares of Canadian Pacific Railway Limited in a report on Friday, July 28th. Bank of America Corporation raised their target price on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a research note on Thursday, July 20th. Argus restated a “buy” rating and set a $180.00 target price (up 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 target price on the stock in a report on Wednesday, July 12th. Finally, Stifel Nicolaus upped their target price on Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $188.35.

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Shares of Canadian Pacific Railway Limited (CP) opened at 167.33 on Tuesday. The company has a 50-day moving average of $158.95 and a 200 day moving average of $156.28. The firm has a market cap of $24.44 billion, a PE ratio of 18.25 and a beta of 1.11. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $169.58.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4411 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s payout ratio is currently 21.43%.

Canadian Pacific Railway Limited Company 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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