Commerzbank Aktiengesellschaft FI raised its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 145.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,043 shares of the transportation company’s stock after acquiring an additional 6,551 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Canadian Pacific Railway were worth $1,856,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the business. MML Investors Services LLC increased its position in Canadian Pacific Railway by 1.1% during the second quarter. MML Investors Services LLC now owns 2,870 shares of the transportation company’s stock valued at $462,000 after acquiring an additional 32 shares during the last quarter. Blair William & Co. IL increased its position in Canadian Pacific Railway by 0.6% during the second quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock valued at $2,471,000 after acquiring an additional 85 shares during the last quarter. Canada Pension Plan Investment Board increased its position in Canadian Pacific Railway by 0.3% during the second quarter. Canada Pension Plan Investment Board now owns 29,800 shares of the transportation company’s stock valued at $4,788,000 after acquiring an additional 100 shares during the last quarter. Parallel Advisors LLC increased its position in Canadian Pacific Railway 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. Finally, Advisors Asset Management Inc. increased its position in Canadian Pacific Railway by 1.3% during the second quarter. Advisors Asset Management Inc. now owns 11,507 shares of the transportation company’s stock valued at $1,850,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.

CP has been the topic of a number of analyst reports. J P Morgan Chase & Co upgraded shares of Canadian Pacific Railway from a “neutral” rating to an “overweight” rating in a research report on Thursday, October 12th. Morgan Stanley upped their price target on shares of Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, October 18th. Zacks Investment Research cut shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Stifel Nicolaus restated a “buy” rating and issued a $184.00 price target on shares of Canadian Pacific Railway in a report on Thursday, September 21st. Finally, Deutsche Bank initiated coverage on shares of Canadian Pacific Railway in a report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price target on the stock. One 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. The stock has an average rating of “Buy” and a consensus target price of $191.19.

Canadian Pacific Railway Limited (NYSE CP) opened at $174.55 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. Canadian Pacific Railway Limited has a 1-year low of $141.32 and a 1-year high of $180.34. The stock has a market cap of $25,467.84, a PE ratio of 20.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.20.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is 18.62%.

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About Canadian Pacific Railway

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 (NYSE:CP)

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