Franklin Resources Inc. grew its position in shares of Canadian Pacific Railway (NYSE:CP) (TSE:CP) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,220,581 shares of the transportation company’s stock after acquiring an additional 13,407 shares during the quarter. Franklin Resources Inc. owned 1.53% of Canadian Pacific Railway worth $405,853,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CP. TD Asset Management Inc. boosted its holdings in shares of Canadian Pacific Railway by 5.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after buying an additional 213,056 shares during the last quarter. Hansberger Growth Investors LP lifted its holdings in Canadian Pacific Railway by 9.4% during the 3rd quarter. Hansberger Growth Investors LP now owns 50,253 shares of the transportation company’s stock valued at $8,444,000 after purchasing an additional 4,320 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Canadian Pacific Railway by 22.2% during the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Canadian Pacific Railway by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 68,945 shares of the transportation company’s stock valued at $12,601,000 after purchasing an additional 2,713 shares during the last quarter. Finally, Investec Asset Management LTD lifted its holdings in Canadian Pacific Railway by 36.2% during the 3rd quarter. Investec Asset Management LTD now owns 275,062 shares of the transportation company’s stock valued at $46,219,000 after purchasing an additional 73,097 shares during the last quarter. 68.72% of the stock is owned by hedge funds and other institutional investors.
CP stock traded down $2.53 during trading hours on Monday, hitting $173.97. 402,225 shares of the stock were exchanged, compared to its average volume of 493,308. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.57. Canadian Pacific Railway has a 12 month low of $144.77 and a 12 month high of $188.80. The stock has a market capitalization of $25,408.29, a price-to-earnings ratio of 19.81, a PEG ratio of 1.47 and a beta of 1.03.
Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, January 18th. The transportation company reported $2.54 EPS for the quarter, missing the Zacks’ consensus estimate of $2.57 by ($0.03). Canadian Pacific Railway had a return on equity of 29.96% and a net margin of 36.88%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. research analysts expect that Canadian Pacific Railway will post 10.42 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, March 23rd will be given a $0.4473 dividend. The ex-dividend date is Thursday, March 22nd. This represents a $1.79 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.44. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 20.50%.
Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Canadian Pacific Railway from a “hold” rating to a “sell” rating in a report on Tuesday, March 27th. Goldman Sachs raised Canadian Pacific Railway from a “neutral” rating to a “buy” rating and raised their price target for the company from $176.72 to $213.00 in a report on Tuesday, February 13th. Credit Suisse Group reaffirmed an “outperform” rating and set a $200.00 price target (down previously from $209.00) on shares of Canadian Pacific Railway in a report on Thursday, March 8th. Finally, Cowen reaffirmed an “outperform” rating and set a $209.00 price target (up previously from $207.00) on shares of Canadian Pacific Railway in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $194.13.
Canadian Pacific Railway 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.
Receive News & Ratings for Canadian Pacific Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Railway and related companies with MarketBeat.com's FREE daily email newsletter.