Fiera Capital Corp Trims Holdings in Canadian Pacific Railway Limited (CP)

Fiera Capital Corp reduced its holdings in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,234,666 shares of the transportation company’s stock after selling 60,638 shares during the period. Fiera Capital Corp owned about 0.85% of Canadian Pacific Railway Limited worth $198,301,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in Canadian Pacific Railway Limited by 37.0% during the first quarter. Parallel Advisors LLC now owns 870 shares of the transportation company’s stock valued at $134,000 after buying an additional 235 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Canadian Pacific Railway Limited by 23.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock valued at $141,000 after buying an additional 167 shares during the last quarter. Shine Investment Advisory Services Inc. purchased a new stake in Canadian Pacific Railway Limited during the second quarter valued at approximately $163,000. Edmond DE Rothschild Holding S.A. increased its holdings in Canadian Pacific Railway Limited by 3.2% during 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 buying an additional 35 shares during the last quarter. Finally, Schafer Cullen Capital Management Inc. purchased a new stake in Canadian Pacific Railway Limited during the first quarter valued at approximately $201,000. 65.89% of the stock is owned by institutional investors and hedge funds.

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Canadian Pacific Railway Limited (NYSE CP) traded up 0.50% during trading on Tuesday, reaching $161.44. 56,543 shares of the company traded hands. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52. The company has a market capitalization of $23.58 billion, a P/E ratio of 18.37 and a beta of 1.09. The firm has a 50-day moving average price of $155.25 and a 200-day moving average price of $154.45.

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 $0.4411 dividend. This represents a $1.76 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend 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 payout ratio is presently 19.88%.

CP has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “outperform” rating and set a $180.00 target price (up from $175.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, July 22nd. BidaskClub raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Morgan Stanley reduced their target price on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. Credit Suisse Group reaffirmed an “outperform” rating and set a $178.00 target price (up from $171.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, May 28th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nineteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $187.37.

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.

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

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