Skandinaviska Enskilda Banken AB publ Grows Stock Position in Canadian Pacific Railway Limited (NYSE:CP)

Skandinaviska Enskilda Banken AB publ grew its holdings in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 10.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds have also added to or reduced their stakes in CP. Meitav Dash Investments Ltd. increased its stake in Canadian Pacific Railway by 341.2% in the second quarter. Meitav Dash Investments Ltd. now owns 332,270 shares of the transportation company’s stock worth $25,597,000 after purchasing an additional 256,956 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Canadian Pacific Railway by 214.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,270,087 shares of the transportation company’s stock worth $97,648,000 after purchasing an additional 866,570 shares during the period. O Shaughnessy Asset Management LLC increased its stake in Canadian Pacific Railway by 526.5% in the second quarter. O Shaughnessy Asset Management LLC now owns 6,077 shares of the transportation company’s stock worth $467,000 after purchasing an additional 5,107 shares during the period. WINTON GROUP Ltd increased its stake in Canadian Pacific Railway by 350.0% in the second quarter. WINTON GROUP Ltd now owns 11,384 shares of the transportation company’s stock worth $876,000 after purchasing an additional 8,854 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Canadian Pacific Railway by 336.0% during the second 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. Institutional investors and hedge funds own 76.86% of the company’s stock.

Shares of NYSE CP opened at $77.50 on Friday. 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 company has a market cap of $51.69 billion, a PE ratio of 20.99, a P/E/G ratio of 2.55 and a beta of 0.91. The business has a 50-day simple moving average of $73.47 and a two-hundred day simple moving average of $72.46. Canadian Pacific Railway Limited has a fifty-two week low of $64.37 and a fifty-two week high of $83.07.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, October 19th. The transportation company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.94 by ($0.06). The business had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.96 billion. Canadian Pacific Railway had a return on equity of 30.63% and a net margin of 39.34%. Canadian Pacific Railway’s revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, sell-side 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 issued a dividend of $0.1536 per share. This is an increase from Canadian Pacific Railway’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.79%. Canadian Pacific Railway’s payout ratio is 16.25%.

Several equities analysts have recently commented on the company. Desjardins cut their price target on Canadian Pacific Railway from C$104.00 to C$103.00 and set a “buy” rating on the stock in a research note on Friday, October 22nd. UBS Group upgraded Canadian Pacific Railway to a “positive” rating in a research note on Monday, January 3rd. 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 research note on Tuesday, November 16th. Wells Fargo & Company raised their price target on Canadian Pacific Railway from $81.00 to $84.00 and gave the company an “overweight” rating in a research note on Monday, January 10th. Finally, Evercore ISI assumed coverage on Canadian Pacific Railway in a research note on Monday, December 20th. They set an “outperform” rating on the stock. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $93.05.

About Canadian Pacific Railway

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.

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

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