Fieldpoint Private Securities LLC lifted its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 208.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,087 shares of the transportation company’s stock after purchasing an additional 2,087 shares during the quarter. Fieldpoint Private Securities LLC’s holdings in Canadian Pacific Railway were worth $519,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Artisan Partners Limited Partnership raised its position in Canadian Pacific Railway 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 in the last quarter. TD Asset Management Inc. raised its position in Canadian Pacific Railway by 5.7% in the third quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock worth $659,089,000 after acquiring an additional 213,056 shares in the last quarter. WCM Investment Management CA raised its position in Canadian Pacific Railway by 2.1% in the third quarter. WCM Investment Management CA now owns 3,811,880 shares of the transportation company’s stock worth $640,510,000 after acquiring an additional 78,892 shares in the last quarter. Vanguard Group Inc. raised its position in Canadian Pacific Railway by 4.7% in the second quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock worth $518,743,000 after acquiring an additional 145,603 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in Canadian Pacific Railway by 22.2% in the third quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock worth $448,756,000 after acquiring an additional 486,845 shares in the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.

Several equities research analysts have commented on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $184.00 price target on shares of Canadian Pacific Railway in a research report on Wednesday, August 16th. Cowen boosted their price target on shares of Canadian Pacific Railway from $182.00 to $184.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 18th. BidaskClub cut shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Loop Capital upgraded shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. They noted that the move was a valuation call. Finally, Morgan Stanley boosted their price target on shares of Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway has an average rating of “Buy” and a consensus price target of $191.19.

Canadian Pacific Railway Limited (NYSE:CP) opened at $179.88 on Thursday. The firm has a market capitalization of $25,844.75, a PE ratio of 20.85, a P/E/G ratio of 1.69 and a beta of 1.20. Canadian Pacific Railway Limited has a 12 month low of $141.32 and a 12 month high of $180.90. The company has a debt-to-equity ratio of 1.33, a current ratio of 0.53 and a quick ratio of 0.44.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be paid a $0.44 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 0.98%. Canadian Pacific Railway’s dividend payout ratio is currently 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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