Kestra Advisory Services LLC Has $1.51 Million Stake in Canadian Pacific Railway Limited (NYSE:CP)

Kestra Advisory Services LLC reduced its stake in Canadian Pacific Railway Limited (NYSE:CPGet Rating) (TSE:CP) by 10.3% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 22,644 shares of the transportation company’s stock after selling 2,611 shares during the quarter. Kestra Advisory Services LLC’s holdings in Canadian Pacific Railway were worth $1,511,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC boosted its stake in shares of Canadian Pacific Railway by 6.1% in the second quarter. Sequoia Financial Advisors LLC now owns 5,879 shares of the transportation company’s stock valued at $411,000 after buying an additional 340 shares during the period. Brown Advisory Inc. boosted its stake in shares of Canadian Pacific Railway by 4.0% in the second quarter. Brown Advisory Inc. now owns 12,100 shares of the transportation company’s stock valued at $845,000 after buying an additional 465 shares during the period. LPL Financial LLC boosted its stake in shares of Canadian Pacific Railway by 2.4% in the second quarter. LPL Financial LLC now owns 284,786 shares of the transportation company’s stock valued at $19,889,000 after buying an additional 6,747 shares during the period. FDx Advisors Inc. boosted its stake in shares of Canadian Pacific Railway by 2.2% in the second quarter. FDx Advisors Inc. now owns 37,600 shares of the transportation company’s stock valued at $2,626,000 after buying an additional 794 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Canadian Pacific Railway by 7.3% in the second quarter. Assenagon Asset Management S.A. now owns 8,704 shares of the transportation company’s stock valued at $607,000 after buying an additional 593 shares during the period. 72.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CP has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on Canadian Pacific Railway from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Thursday, October 27th. Stifel Nicolaus cut their target price on Canadian Pacific Railway from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, October 17th. Citigroup cut their target price on Canadian Pacific Railway from $81.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, September 29th. Credit Suisse Group cut their target price on Canadian Pacific Railway from $88.00 to $78.00 in a research note on Tuesday, October 11th. Finally, Barclays upped their target price on Canadian Pacific Railway from $81.00 to $86.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 11th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $89.20.

Canadian Pacific Railway Stock Up 0.6 %

Shares of CP opened at $79.72 on Tuesday. The stock has a market capitalization of $74.18 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.35 and a beta of 1.01. Canadian Pacific Railway Limited has a 52 week low of $65.17 and a 52 week high of $84.22. The stock has a fifty day moving average of $77.96 and a 200-day moving average of $75.76. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.49 and a current ratio of 0.58.

Canadian Pacific Railway (NYSE:CPGet Rating) (TSE:CP) last announced its earnings results on Wednesday, October 26th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.77. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.69 billion. Canadian Pacific Railway had a return on equity of 8.77% and a net margin of 33.05%. As a group, sell-side analysts anticipate that Canadian Pacific Railway Limited will post 2.75 earnings per share for the current fiscal year.

Canadian Pacific Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 30th. Investors of record on Friday, December 30th will be given a dividend of $0.137 per share. This represents a $0.55 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, December 29th. Canadian Pacific Railway’s dividend payout ratio is currently 22.67%.

Canadian Pacific Railway Profile

(Get Rating)

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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