Oppenheimer Asset Management Inc. Has $1.24 Million Stake in Canadian Pacific Railway Limited (CP)

Oppenheimer Asset Management Inc. increased its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,701 shares of the transportation company’s stock after acquiring an additional 479 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Canadian Pacific Railway Limited were worth $1,239,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. raised its stake in Canadian Pacific Railway Limited by 3.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company’s stock valued at $166,000 after purchasing an additional 35 shares in the last quarter. Park National Corp OH raised its stake in Canadian Pacific Railway Limited by 3.4% in the second quarter. Park National Corp OH now owns 1,897 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 63 shares in the last quarter. HL Financial Services LLC raised its stake in Canadian Pacific Railway Limited by 4.7% in the first quarter. HL Financial Services LLC now owns 1,571 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 70 shares in the last quarter. Blair William & Co. IL raised its stake in Canadian Pacific Railway Limited by 0.6% in the second quarter. Blair William & Co. IL now owns 15,366 shares of the transportation company’s stock valued at $2,471,000 after purchasing an additional 85 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. raised its stake in Canadian Pacific Railway Limited by 0.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 13,077 shares of the transportation company’s stock valued at $2,104,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 65.89% of the company’s stock.

Shares of Canadian Pacific Railway Limited (CP) opened at 160.21 on Friday. The company has a market cap of $23.40 billion, a PE ratio of 18.23 and a beta of 1.09. Canadian Pacific Railway Limited has a 12-month low of $139.29 and a 12-month high of $167.52. The company has a 50-day moving average of $155.45 and a 200 day moving average of $154.39.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be issued a dividend of $0.4411 per share. This represents a $1.76 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, September 28th. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s dividend payout ratio is presently 19.88%.

CP has been the topic of a number of recent analyst reports. Argus reaffirmed a “buy” rating and issued a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Tuesday, July 25th. Citigroup Inc. reaffirmed a “buy” rating and issued a $180.00 target price (up from $165.00) on shares of Canadian Pacific Railway Limited in a research note on Sunday, May 14th. Bank of America Corporation raised their target price on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 target price on the stock in a research note on Wednesday, July 12th. Finally, Stifel Nicolaus raised their target price on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty have assigned a buy rating to the company. Canadian Pacific Railway Limited presently has an average rating of “Buy” and a consensus price target of $187.37.

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About Canadian Pacific Railway Limited

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.

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

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