Canadian Pacific Railway Ltd (CP) Stake Lowered by Commonwealth Bank of Australia

Commonwealth Bank of Australia decreased its position in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 97.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,293 shares of the transportation company’s stock after selling 554,454 shares during the quarter. Commonwealth Bank of Australia’s holdings in Canadian Pacific Railway were worth $2,534,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of CP. US Bancorp DE raised its position in Canadian Pacific Railway by 10.7% in the 3rd quarter. US Bancorp DE now owns 9,600 shares of the transportation company’s stock valued at $2,035,000 after purchasing an additional 931 shares during the last quarter. Comerica Bank raised its position in Canadian Pacific Railway by 2.6% in the 3rd quarter. Comerica Bank now owns 11,387 shares of the transportation company’s stock valued at $2,261,000 after purchasing an additional 287 shares during the last quarter. Wells Fargo & Company MN raised its position in Canadian Pacific Railway by 1.0% in the 3rd quarter. Wells Fargo & Company MN now owns 88,547 shares of the transportation company’s stock valued at $18,766,000 after purchasing an additional 889 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Canadian Pacific Railway by 83.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,878 shares of the transportation company’s stock valued at $2,517,000 after purchasing an additional 5,392 shares during the last quarter. Finally, Harbour Capital Advisors LLC bought a new position in Canadian Pacific Railway in the 3rd quarter valued at $299,000. Hedge funds and other institutional investors own 68.31% of the company’s stock.

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NYSE CP opened at $203.87 on Wednesday. The firm has a market capitalization of $29.06 billion, a PE ratio of 18.20, a PEG ratio of 1.47 and a beta of 1.15. Canadian Pacific Railway Ltd has a 52 week low of $167.48 and a 52 week high of $224.19. The company has a quick ratio of 0.58, a current ratio of 0.57 and a debt-to-equity ratio of 1.23.

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, topping analysts’ consensus estimates of $3.18 by $1.37. Canadian Pacific Railway had a return on equity of 30.83% and a net margin of 26.62%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the previous year, the firm earned $3.22 earnings per share. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. As a group, equities research analysts expect that Canadian Pacific Railway Ltd will post 12.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Friday, March 29th will be paid a dividend of $0.4887 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.95 dividend on an annualized basis and a dividend yield of 0.96%. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 17.05%.

Several research firms have recently commented on CP. Credit Suisse Group lowered their target price on Canadian Pacific Railway from $243.00 to $224.00 and set an “outperform” rating for the company in a research note on Monday, January 7th. Sanford C. Bernstein cut Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 target price for the company. in a research note on Tuesday. Deutsche Bank lifted their target price on Canadian Pacific Railway from $245.00 to $248.00 and gave the company a “buy” rating in a research note on Monday, December 3rd. Zacks Investment Research raised Canadian Pacific Railway from a “hold” rating to a “buy” rating and set a $226.00 target price for the company in a research note on Thursday, February 7th. Finally, Seaport Global Securities reissued a “buy” rating on shares of Canadian Pacific Railway in a research note on Thursday, January 24th. Two analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $232.21.

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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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