Bridgewater Associates LP purchased a new position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 30,503 shares of the transportation company’s stock, valued at approximately $4,901,000.

A number of other large investors also recently bought and sold shares of CP. Parallel Advisors LLC raised its stake in Canadian Pacific Railway Limited by 37.0% during the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock worth $134,000 after purchasing an additional 235 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Canadian Pacific Railway Limited by 23.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after purchasing an additional 167 shares during the period. Shine Investment Advisory Services Inc. purchased a new position in Canadian Pacific Railway Limited during the second quarter worth approximately $163,000. Edmond DE Rothschild Holding S.A. raised its stake in Canadian Pacific Railway Limited by 3.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock worth $166,000 after purchasing an additional 35 shares during the period. Finally, Schafer Cullen Capital Management Inc. purchased a new position in Canadian Pacific Railway Limited during the first quarter worth approximately $201,000. 65.89% of the stock is currently owned by institutional investors.

Shares of Canadian Pacific Railway Limited (CP) traded up 0.6921% on Thursday, reaching $158.4890. 93,306 shares of the company’s stock traded hands. The company’s 50-day moving average is $155.44 and its 200-day moving average is $154.59. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52. The firm has a market capitalization of $23.15 billion, a P/E ratio of 18.0368 and a beta of 1.09.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be paid a $0.4411 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. The ex-dividend date is Thursday, September 28th. Canadian Pacific Railway Limited’s payout ratio is presently 19.88%.

Several research firms have recently issued reports on CP. National Bank Financial lowered shares of Canadian Pacific Railway Limited from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $219.00 to $207.00 in a research report on Wednesday. Zacks Investment Research lowered shares of Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a research report on Monday. Loop Capital raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. They noted that the move was a valuation call. BidaskClub lowered shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $184.00 price objective on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $188.35.

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Canadian Pacific Railway Limited Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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

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