Cullinan Associates Inc. Buys Shares of 800 Canadian Pacific Railway Ltd (NYSE:CP)

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Cullinan Associates Inc. bought a new stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) during the 4th quarter, Holdings Channel.com reports. The fund bought 800 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Schroder Investment Management Group boosted its position in shares of Canadian Pacific Railway by 2.6% in the 2nd quarter. Schroder Investment Management Group now owns 49,538 shares of the transportation company’s stock worth $15,278,000 after purchasing an additional 1,275 shares in the last quarter. United Capital Financial Advisers LLC acquired a new stake in shares of Canadian Pacific Railway in the 2nd quarter worth $259,000. BlackRock Inc. boosted its position in shares of Canadian Pacific Railway by 54,975.0% in the 2nd quarter. BlackRock Inc. now owns 26,436 shares of the transportation company’s stock worth $6,219,000 after purchasing an additional 26,388 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Railway by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,917,853 shares of the transportation company’s stock worth $921,636,000 after purchasing an additional 95,336 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Canadian Pacific Railway by 21.0% in the 2nd quarter. Invesco Ltd. now owns 610,460 shares of the transportation company’s stock worth $143,605,000 after purchasing an additional 106,036 shares in the last quarter. 67.42% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on CP. Wells Fargo & Co reissued a “buy” rating on shares of Canadian Pacific Railway in a research report on Friday, December 6th. Royal Bank of Canada lowered their price objective on Canadian Pacific Railway from $378.00 to $355.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Loop Capital cut Canadian Pacific Railway from a “buy” rating to a “hold” rating and set a $340.00 price objective for the company. in a research report on Tuesday, December 17th. They noted that the move was a valuation call. National Bank Financial lowered their price objective on Canadian Pacific Railway from $328.00 to $322.00 and set a “sector perform” rating for the company in a research report on Thursday, October 24th. Finally, Zacks Investment Research cut Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 price objective for the company. in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $280.29.

Shares of CP stock opened at $262.50 on Thursday. The firm has a market capitalization of $35.92 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.57 and a quick ratio of 0.48. The business has a fifty day moving average of $251.69 and a 200 day moving average of $236.92. Canadian Pacific Railway Ltd has a 1 year low of $191.70 and a 1 year high of $267.63.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $4.61 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.41 by $1.20. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.99 billion. Canadian Pacific Railway had a return on equity of 32.62% and a net margin of 30.02%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $4.12 EPS. As a group, equities research analysts expect that Canadian Pacific Railway Ltd will post 12.42 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.6303 dividend. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $2.52 dividend on an annualized basis and a yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio (DPR) is 22.68%.

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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