Seven Bridges Advisors LLC lowered its stake in Canadian Pacific Railway Limited (NYSE:CP) by 36.8% during the second quarter, Holdings Channel reports. The firm owned 1,467 shares of the company’s stock after selling 855 shares during the period. Seven Bridges Advisors LLC’s holdings in Canadian Pacific Railway Limited were worth $189,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CP. Zions Bancorporation raised its position in shares of Canadian Pacific Railway Limited by 83.0% in the first quarter. Zions Bancorporation now owns 1,054 shares of the company’s stock valued at $142,000 after buying an additional 478 shares during the last quarter. C M Bidwell & Associates Ltd. bought a new position in shares of Canadian Pacific Railway Limited during the first quarter valued at $179,000. IFP Advisors Inc raised its position in Canadian Pacific Railway Limited by 28.9% in the first quarter. IFP Advisors Inc now owns 1,360 shares of the company’s stock worth $180,000 after buying an additional 305 shares in the last quarter. Barnett & Company Inc. acquired a new position in Canadian Pacific Railway Limited during the first quarter worth approximately $186,000. Finally, Park National Corp OH raised its position in Canadian Pacific Railway Limited by 3.1% in the second quarter. Park National Corp OH now owns 1,664 shares of the company’s stock worth $214,000 after buying an additional 50 shares in the last quarter. 68.21% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Railway Limited (NYSE:CP) traded up 2.38% during mid-day trading on Wednesday, reaching $147.84. 455,514 shares of the company traded hands. The company’s 50-day moving average is $149.77 and its 200-day moving average is $139.12. The stock has a market capitalization of $21.85 billion, a price-to-earnings ratio of 19.92 and a beta of 1.40. Canadian Pacific Railway Limited has a 12-month low of $97.09 and a 12-month high of $157.82.

Canadian Pacific Railway Limited (NYSE:CP) last announced its earnings results on Wednesday, July 20th. The company reported $2.05 EPS for the quarter, missing analysts’ consensus estimates of $2.50 by $0.45. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.57 billion. Canadian Pacific Railway Limited had a net margin of 23.36% and a return on equity of 32.47%. Canadian Pacific Railway Limited’s revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 EPS. Equities analysts predict that Canadian Pacific Railway Limited will post $8.02 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 24th. Shareholders of record on Friday, September 30th will be issued a $0.3858 dividend. This is an increase from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.27. The ex-dividend date is Wednesday, September 28th. This represents a $1.54 dividend on an annualized basis and a yield of 1.04%. Canadian Pacific Railway Limited’s dividend payout ratio is 20.82%.

A number of research firms recently commented on CP. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Canadian Pacific Railway Limited in a research report on Saturday, June 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $216.00 price target (up from $203.00) on shares of Canadian Pacific Railway Limited in a research report on Friday, July 22nd. Argus raised their price target on shares of Canadian Pacific Railway Limited from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Atlantic Securities began coverage on shares of Canadian Pacific Railway Limited in a research report on Thursday, August 11th. They set an “overweight” rating on the stock. Finally, Cowen and Company lowered their price target on shares of Canadian Pacific Railway Limited from $168.00 to $166.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, ten have given a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Canadian Pacific Railway Limited presently has a consensus rating of “Buy” and a consensus target price of $179.93.

In other Canadian Pacific Railway Limited news, Director Pershing Square Capital Manage sold 9,840,890 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $141.68, for a total value of $1,394,257,295.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.13% of the stock is owned by company insiders.

About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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