Russell Investments Group Ltd. lessened its stake in Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 5.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,423 shares of the transportation company’s stock after selling 3,564 shares during the quarter. Russell Investments Group Ltd.’s holdings in Canadian Pacific Railway were worth $14,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CP. KCS Wealth Advisory purchased a new position in shares of Canadian Pacific Railway in the 3rd quarter valued at about $36,000. Liberty Wealth Management LLC increased its holdings in Canadian Pacific Railway by 287.8% during the 2nd quarter. Liberty Wealth Management LLC now owns 159 shares of the transportation company’s stock valued at $37,000 after acquiring an additional 118 shares in the last quarter. Institutional & Family Asset Management LLC increased its holdings in Canadian Pacific Railway by 33.3% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 240 shares of the transportation company’s stock valued at $56,000 after acquiring an additional 60 shares in the last quarter. Clear Perspective Advisors LLC purchased a new position in Canadian Pacific Railway during the 2nd quarter valued at about $65,000. Finally, First Interstate Bank purchased a new position in Canadian Pacific Railway during the 3rd quarter valued at about $67,000. Institutional investors and hedge funds own 69.47% of the company’s stock.

CP has been the subject of several recent research reports. Deutsche Bank raised their target price on shares of Canadian Pacific Railway from $230.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. UBS Group dropped their target price on shares of Canadian Pacific Railway from $349.00 to $346.00 and set a “buy” rating for the company in a report on Tuesday, September 17th. National Bank Financial dropped their target price on shares of Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating for the company in a report on Thursday, October 24th. Raymond James restated an “outperform” rating and set a $340.00 target price on shares of Canadian Pacific Railway in a report on Thursday, October 24th. Finally, Cowen restated a “buy” rating and set a $258.00 target price on shares of Canadian Pacific Railway in a report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $272.12.

Shares of NYSE CP traded down $0.01 during midday trading on Tuesday, reaching $234.23. 6,177 shares of the stock were exchanged, compared to its average volume of 398,890. The company has a market capitalization of $32.34 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.71 and a beta of 1.11. Canadian Pacific Railway Ltd has a 52-week low of $167.48 and a 52-week high of $247.52. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average price of $222.50 and a 200-day moving average price of $229.88.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $4.61 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $1.20. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.99 billion. Canadian Pacific Railway had a net margin of 30.02% and a return on equity of 32.62%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.12 earnings per share. On average, analysts forecast that Canadian Pacific Railway Ltd will post 12.43 earnings per share for the current year.

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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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