Canadian Pacific Railway Limited (NYSE:CP) Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ grew its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,266 shares of the transportation company’s stock after purchasing an additional 9,281 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Canadian Pacific Railway were worth $6,199,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in CP. Meitav Dash Investments Ltd. lifted its stake in shares of Canadian Pacific Railway by 341.2% in the 2nd quarter. Meitav Dash Investments Ltd. now owns 332,270 shares of the transportation company’s stock valued at $25,597,000 after purchasing an additional 256,956 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Canadian Pacific Railway by 214.8% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,270,087 shares of the transportation company’s stock valued at $97,648,000 after purchasing an additional 866,570 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Canadian Pacific Railway by 526.5% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 6,077 shares of the transportation company’s stock valued at $467,000 after buying an additional 5,107 shares during the period. WINTON GROUP Ltd raised its holdings in shares of Canadian Pacific Railway by 350.0% in the 2nd quarter. WINTON GROUP Ltd now owns 11,384 shares of the transportation company’s stock valued at $876,000 after buying an additional 8,854 shares during the period. Finally, Atria Investments LLC raised its holdings in shares of Canadian Pacific Railway by 336.0% in the 2nd quarter. Atria Investments LLC now owns 30,885 shares of the transportation company’s stock valued at $2,375,000 after buying an additional 23,802 shares during the period. 76.86% of the stock is currently owned by institutional investors and hedge funds.

Several research firms recently issued reports on CP. Royal Bank of Canada cut their price objective on Canadian Pacific Railway from C$116.00 to C$115.00 and set an “outperform” rating on the stock in a report on Thursday, October 21st. Citigroup boosted their price objective on Canadian Pacific Railway from $80.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, January 5th. Wells Fargo & Company boosted their price objective on Canadian Pacific Railway from $81.00 to $84.00 and gave the company an “overweight” rating in a report on Monday, January 10th. Atlantic Securities assumed coverage on Canadian Pacific Railway in a report on Tuesday, November 16th. They issued an “overweight” rating and a $111.00 price objective on the stock. Finally, Zacks Investment Research upgraded Canadian Pacific Railway from a “sell” rating to a “hold” rating and set a $82.00 price target on the stock in a report on Tuesday, November 16th. Five investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $93.05.

CP opened at $77.50 on Friday. Canadian Pacific Railway Limited has a one year low of $64.37 and a one year high of $83.07. The company has a market cap of $51.69 billion, a P/E ratio of 20.99, a PEG ratio of 2.55 and a beta of 0.91. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.33 and a current ratio of 0.39. The business’s 50-day simple moving average is $73.47 and its 200-day simple moving average is $72.46.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, October 19th. The transportation company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.06). Canadian Pacific Railway had a net margin of 39.34% and a return on equity of 30.63%. The business had revenue of $1.94 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $0.62 EPS. The company’s revenue was up 4.2% compared to the same quarter last year. As a group, analysts predict that Canadian Pacific Railway Limited will post 2.99 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 31st. Investors of record on Friday, December 31st will be given a $0.1536 dividend. The ex-dividend date is Thursday, December 30th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.15. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.79%. Canadian Pacific Railway’s dividend payout ratio is 16.25%.

Canadian Pacific Railway Profile

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail service. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

Further Reading: Asset Allocation, Balancing Your Investments

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

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