M&R Capital Management Inc. Sells 50 Shares of Canadian Pacific Railway Ltd (NYSE:CP)

M&R Capital Management Inc. lessened its stake in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,065 shares of the transportation company’s stock after selling 50 shares during the period. M&R Capital Management Inc.’s holdings in Canadian Pacific Railway were worth $1,541,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CP. Acadian Asset Management LLC purchased a new stake in Canadian Pacific Railway during the first quarter worth about $240,000. Eqis Capital Management Inc. grew its position in shares of Canadian Pacific Railway by 34.1% in the first quarter. Eqis Capital Management Inc. now owns 2,137 shares of the transportation company’s stock valued at $571,000 after purchasing an additional 543 shares during the period. Van ECK Associates Corp grew its position in Canadian Pacific Railway by 10.8% during the first quarter. Van ECK Associates Corp now owns 10,197 shares of the transportation company’s stock valued at $2,252,000 after acquiring an additional 997 shares during the period. US Bancorp DE grew its position in Canadian Pacific Railway by 4.4% during the first quarter. US Bancorp DE now owns 7,981 shares of the transportation company’s stock valued at $1,753,000 after acquiring an additional 334 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Canadian Pacific Railway by 32.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 5,699 shares of the transportation company’s stock valued at $1,258,000 after acquiring an additional 1,399 shares during the period. Institutional investors and hedge funds own 71.68% of the company’s stock.

Shares of NYSE:CP traded down $2.27 during trading on Thursday, hitting $302.16. The company’s stock had a trading volume of 290,377 shares, compared to its average volume of 454,213. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Railway Ltd has a fifty-two week low of $173.26 and a fifty-two week high of $312.59. The stock’s 50-day moving average price is $297.83 and its two-hundred day moving average price is $255.47. The company has a market capitalization of $40.95 billion, a PE ratio of 23.98, a PEG ratio of 2.70 and a beta of 0.94.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, July 22nd. The transportation company reported $4.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.75 by $1.32. Canadian Pacific Railway had a return on equity of 34.28% and a net margin of 29.48%. The business had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same quarter in the previous year, the firm posted $4.30 earnings per share. The company’s revenue was down 9.5% compared to the same quarter last year. On average, equities analysts predict that Canadian Pacific Railway Ltd will post 13.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.7065 dividend. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.83 annualized dividend and a dividend yield of 0.94%. Canadian Pacific Railway’s payout ratio is 22.84%.

A number of equities research analysts have issued reports on CP shares. Citigroup boosted their price target on Canadian Pacific Railway from $215.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, June 25th. Bank of America lowered their price target on Canadian Pacific Railway from $345.00 to $344.00 and set a “buy” rating for the company in a research report on Wednesday. Credit Suisse Group boosted their price target on Canadian Pacific Railway from $285.00 to $304.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Scotiabank boosted their price target on Canadian Pacific Railway from $384.00 to $395.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, Raymond James raised Canadian Pacific Railway from a “market perform” rating to an “outperform” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $337.48.

Canadian Pacific Railway Profile

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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