US Bancorp DE boosted its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 5.4% in the second quarter, HoldingsChannel.com reports. The firm owned 8,669 shares of the transportation company’s stock after purchasing an additional 448 shares during the quarter. US Bancorp DE’s holdings in Canadian Pacific Railway were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. HL Financial Services LLC boosted its position in shares of Canadian Pacific Railway by 20.2% in the second quarter. HL Financial Services LLC now owns 1,554 shares of the transportation company’s stock valued at $284,000 after acquiring an additional 261 shares during the period. Traynor Capital Management Inc. boosted its position in shares of Canadian Pacific Railway by 16.6% in the second quarter. Traynor Capital Management Inc. now owns 1,902 shares of the transportation company’s stock valued at $343,000 after acquiring an additional 271 shares during the period. D.A. Davidson & CO. boosted its position in shares of Canadian Pacific Railway by 7.0% in the second quarter. D.A. Davidson & CO. now owns 4,320 shares of the transportation company’s stock valued at $791,000 after acquiring an additional 282 shares during the period. Reliance Trust Co. of Delaware boosted its position in shares of Canadian Pacific Railway by 5.3% in the second quarter. Reliance Trust Co. of Delaware now owns 5,966 shares of the transportation company’s stock valued at $1,092,000 after acquiring an additional 300 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Canadian Pacific Railway by 10.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,938 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 358 shares during the period. 65.63% of the stock is owned by hedge funds and other institutional investors.

CP stock opened at $208.74 on Friday. The stock has a market capitalization of $29.66 billion, a P/E ratio of 23.77, a P/E/G ratio of 1.75 and a beta of 1.08. Canadian Pacific Railway Limited has a 52 week low of $157.00 and a 52 week high of $211.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.48.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 18th. The transportation company reported $3.16 EPS for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.76. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.73 billion. Canadian Pacific Railway had a return on equity of 27.87% and a net margin of 33.92%. Canadian Pacific Railway’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.77 earnings per share. sell-side analysts predict that Canadian Pacific Railway Limited will post 10.21 earnings per share for the current fiscal year.

A number of research firms recently commented on CP. ValuEngine raised Canadian Pacific Railway from a “hold” rating to a “buy” rating in a research note on Tuesday. Argus boosted their price target on Canadian Pacific Railway from $205.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Credit Suisse Group boosted their price target on Canadian Pacific Railway from $210.00 to $216.00 and gave the company an “outperform” rating in a research note on Thursday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $201.00 price target on shares of Canadian Pacific Railway in a research note on Saturday, June 2nd. Finally, Loop Capital reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, July 19th. Three equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $216.10.

About Canadian Pacific Railway

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 finished vehicles and machineries, automotive parts, chemicals and plastics, petroleum and crude products, and metals and minerals, as well as forest, industrial, and consumer products.

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

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