Enlightenment Research LLC acquired a new position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the transportation company’s stock, valued at approximately $266,000.
Other hedge funds also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Canadian Pacific Railway by 186.2% in the 4th quarter. CWM LLC now owns 166 shares of the transportation company’s stock worth $29,000 after acquiring an additional 108 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new position in shares of Canadian Pacific Railway in the 4th quarter worth approximately $40,000. Bartlett & Co. LLC acquired a new position in shares of Canadian Pacific Railway in the 4th quarter worth approximately $67,000. Essex Savings Bank acquired a new position in shares of Canadian Pacific Railway in the 4th quarter worth approximately $102,000. Finally, Csenge Advisory Group acquired a new position in shares of Canadian Pacific Railway in the 3rd quarter worth approximately $136,000. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Canadian Pacific Railway stock opened at $197.56 on Thursday. The company has a market cap of $28.06 billion, a price-to-earnings ratio of 17.64, a price-to-earnings-growth ratio of 1.42 and a beta of 1.15. Canadian Pacific Railway Limited has a 52-week low of $167.48 and a 52-week high of $224.19. The company has a current ratio of 0.68, a quick ratio of 0.58 and a debt-to-equity ratio of 1.10.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 23rd. The transportation company reported $4.55 EPS for the quarter, beating the Zacks’ consensus estimate of $3.18 by $1.37. Canadian Pacific Railway had a net margin of 26.62% and a return on equity of 30.69%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the prior year, the firm posted $3.22 EPS. The company’s quarterly revenue was up 17.1% compared to the same quarter last year. Equities analysts expect that Canadian Pacific Railway Limited will post 12.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, January 28th. Shareholders of record on Friday, December 28th were given a $0.489 dividend. The ex-dividend date of this dividend was Thursday, December 27th. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.33. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.99%. Canadian Pacific Railway’s dividend payout ratio is currently 17.05%.
Several brokerages have recently commented on CP. Zacks Investment Research lowered shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Friday, January 25th. Seaport Global Securities reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Thursday, January 24th. Cowen reiterated a “buy” rating and set a $236.00 target price on shares of Canadian Pacific Railway in a report on Friday, October 19th. Stephens reiterated a “hold” rating and set a $206.00 target price on shares of Canadian Pacific Railway in a report on Sunday, January 6th. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Canadian Pacific Railway in a report on Sunday, December 16th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $233.62.
Canadian Pacific Railway 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 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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