Flinton Capital Management LLC Has $279,000 Stake in Canadian Pacific Railway Limited (CP)

Flinton Capital Management LLC held its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,734 shares of the transportation company’s stock at the close of the second quarter. Flinton Capital Management LLC’s holdings in Canadian Pacific Railway Limited were worth $279,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in CP. Swiss National Bank increased its position in shares of Canadian Pacific Railway Limited by 0.4% during the second quarter. Swiss National Bank now owns 565,300 shares of the transportation company’s stock worth $90,969,000 after buying an additional 2,500 shares during the period. CIBC World Markets Inc. increased its position in shares of Canadian Pacific Railway Limited by 0.7% during the second quarter. CIBC World Markets Inc. now owns 1,854,390 shares of the transportation company’s stock worth $298,204,000 after buying an additional 13,562 shares during the period. Boston Common Asset Management LLC increased its position in shares of Canadian Pacific Railway Limited by 1.1% during the first quarter. Boston Common Asset Management LLC now owns 23,789 shares of the transportation company’s stock worth $3,495,000 after buying an additional 260 shares during the period. AQR Capital Management LLC increased its position in shares of Canadian Pacific Railway Limited by 14.9% during the first quarter. AQR Capital Management LLC now owns 29,237 shares of the transportation company’s stock worth $4,283,000 after buying an additional 3,790 shares during the period. Finally, Addenda Capital Inc. increased its position in shares of Canadian Pacific Railway Limited by 4.6% during the second quarter. Addenda Capital Inc. now owns 99,547 shares of the transportation company’s stock worth $16,037,000 after buying an additional 4,377 shares during the period. 65.89% of the stock is owned by hedge funds and other institutional investors.

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Canadian Pacific Railway Limited (CP) opened at 168.95 on Friday. The company has a market capitalization of $24.68 billion, a price-to-earnings ratio of 18.43 and a beta of 1.11. Canadian Pacific Railway Limited has a 52-week low of $139.29 and a 52-week high of $170.60. The company’s 50 day moving average is $162.01 and its 200-day moving average is $157.31.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.4411 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.76 annualized dividend and a yield of 1.04%. This is a boost from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. Canadian Pacific Railway Limited’s dividend payout ratio is currently 21.43%.

A number of equities research analysts have commented on the stock. J P Morgan Chase & Co upgraded shares of Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a report on Thursday. Credit Suisse Group restated an “outperform” rating and issued a $183.00 price target (up from $178.00) on shares of Canadian Pacific Railway Limited in a report on Thursday, July 13th. They noted that the move was a valuation call. Stifel Nicolaus restated a “buy” rating and issued a $184.00 price target on shares of Canadian Pacific Railway Limited in a report on Thursday, September 21st. Bank of America Corporation raised their price target on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. Finally, Wells Fargo & Company restated an “outperform” rating and issued a $180.00 price target (up from $175.00) on shares of Canadian Pacific Railway Limited in a report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $188.35.

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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