Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 407,064 shares of the transportation company’s stock after selling 4,228 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Canadian Pacific Railway Limited worth $68,337,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors acquired a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $130,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Canadian Pacific Railway Limited by 23.6% during 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 during the last quarter. Parallel Advisors LLC raised its holdings in shares of Canadian Pacific Railway Limited by 13.0% during the second quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 113 shares during the last quarter. Shine Investment Advisory Services Inc. acquired a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at approximately $163,000. Finally, FineMark National Bank & Trust acquired a new position in shares of Canadian Pacific Railway Limited during the third quarter valued at approximately $208,000. 66.39% of the stock is owned by institutional investors and hedge funds.

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Canadian Pacific Railway Limited (NYSE CP) traded down $0.56 during trading hours on Friday, reaching $168.64. The company had a trading volume of 475,329 shares, compared to its average volume of 656,266. The stock has a market capitalization of $24,909.71, a price-to-earnings ratio of 20.10, a PEG ratio of 1.63 and a beta of 1.20. Canadian Pacific Railway Limited has a 52-week low of $141.32 and a 52-week high of $179.17. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53.

Several research firms recently commented on CP. J P Morgan Chase & Co raised Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a report on Thursday, October 12th. Morgan Stanley increased their price target on Canadian Pacific Railway Limited from $214.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research note on Monday, September 11th. Stifel Nicolaus reissued a “buy” rating and set a $184.00 target price on shares of Canadian Pacific Railway Limited in a research note on Thursday, September 21st. Finally, Cowen and Company reissued a “buy” rating and set a $172.00 target price on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $191.19.

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.

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

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