Howard Hughes Medical Institute raised its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 41.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,306 shares of the transportation company’s stock after buying an additional 1,563 shares during the period. Howard Hughes Medical Institute’s holdings in Canadian Pacific Railway Limited were worth $853,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CP. Causeway Capital Management LLC bought a new position in Canadian Pacific Railway Limited during the first quarter valued at about $662,274,000. OppenheimerFunds Inc. raised its holdings in Canadian Pacific Railway Limited by 34.9% during the first quarter. OppenheimerFunds Inc. now owns 2,505,015 shares of the transportation company’s stock valued at $368,038,000 after buying an additional 647,669 shares in the last quarter. CIBC Asset Management Inc raised its holdings in Canadian Pacific Railway Limited by 31.7% during the second quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company’s stock valued at $352,265,000 after buying an additional 527,453 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Canadian Pacific Railway Limited by 77.5% during the first quarter. Renaissance Technologies LLC now owns 835,800 shares of the transportation company’s stock valued at $122,796,000 after buying an additional 364,800 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Canadian Pacific Railway Limited by 147.1% during the first quarter. Point72 Asset Management L.P. now owns 385,700 shares of the transportation company’s stock valued at $56,667,000 after buying an additional 229,600 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

WARNING: “Howard Hughes Medical Institute Buys 1,563 Shares of Canadian Pacific Railway Limited (CP)” was published by Daily Political and is the property of of Daily Political. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and international copyright and trademark law. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/17/howard-hughes-medical-institute-buys-1563-shares-of-canadian-pacific-railway-limited-cp.html.

Several research firms have weighed in on CP. BidaskClub lowered Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Canadian Pacific Railway Limited from a “buy” rating to a “hold” rating in a report on Monday, September 11th. Stifel Nicolaus restated a “buy” rating and set a $184.00 target price on shares of Canadian Pacific Railway Limited in a report on Wednesday, August 16th. Wolfe Research lowered Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Finally, Credit Suisse Group restated an “outperform” rating and set a $183.00 target price (up from $178.00) on shares of Canadian Pacific Railway Limited in a report on Thursday, July 13th. They noted that the move was a valuation call. One 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 stock. The stock presently has an average rating of “Buy” and an average target price of $188.35.

Canadian Pacific Railway Limited (NYSE:CP) traded down 0.27% during midday trading on Friday, reaching $158.79. The company had a trading volume of 374,442 shares. Canadian Pacific Railway Limited has a one year low of $139.29 and a one year high of $167.52. The firm has a market capitalization of $23.20 billion, a P/E ratio of 18.07 and a beta of 1.09. The stock’s 50 day moving average price is $155.48 and its 200-day moving average price is $154.72.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a $0.4411 dividend. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Railway Limited’s dividend payout ratio is currently 19.88%.

About Canadian Pacific Railway Limited

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.

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Railway Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway Limited and related companies with MarketBeat.com's FREE daily email newsletter.