CIBC Private Wealth Group LLC Has $203,000 Holdings in Canadian Pacific Railway Ltd (NYSE:CP)

CIBC Private Wealth Group LLC lessened its holdings in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 23.3% in the first quarter, HoldingsChannel.com reports. The fund owned 985 shares of the transportation company’s stock after selling 300 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Canadian Pacific Railway were worth $203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. We Are One Seven LLC grew its holdings in shares of Canadian Pacific Railway by 72.8% in the 1st quarter. We Are One Seven LLC now owns 2,328 shares of the transportation company’s stock valued at $479,000 after buying an additional 981 shares during the period. Moors & Cabot Inc. acquired a new position in shares of Canadian Pacific Railway in the 1st quarter valued at $360,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Canadian Pacific Railway in the 4th quarter valued at $18,909,000. Park National Corp OH grew its holdings in shares of Canadian Pacific Railway by 11.1% in the 1st quarter. Park National Corp OH now owns 1,708 shares of the transportation company’s stock valued at $352,000 after buying an additional 170 shares during the period. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its holdings in shares of Canadian Pacific Railway by 23.8% in the 1st quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 76,001 shares of the transportation company’s stock valued at $15,664,000 after buying an additional 14,624 shares during the period. 67.70% of the stock is owned by hedge funds and other institutional investors.

CP opened at $232.79 on Wednesday. The firm has a market capitalization of $32.77 billion, a P/E ratio of 20.78, a P/E/G ratio of 1.69 and a beta of 1.10. Canadian Pacific Railway Ltd has a 12 month low of $167.48 and a 12 month high of $237.21. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 1.24.

Canadian Pacific Railway (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $2.79 EPS for the quarter, topping the consensus estimate of $2.25 by $0.54. Canadian Pacific Railway had a net margin of 27.45% and a return on equity of 30.52%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.78 billion. During the same period in the previous year, the firm posted $2.70 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities analysts forecast that Canadian Pacific Railway Ltd will post 12.28 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.6174 per share. The ex-dividend date is Thursday, June 27th. This is a boost from Canadian Pacific Railway’s previous quarterly dividend of $0.49. This represents a $2.47 annualized dividend and a yield of 1.06%. Canadian Pacific Railway’s payout ratio is 17.41%.

Several equities analysts have recently issued reports on the stock. ValuEngine raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating in a report on Friday, May 17th. Morgan Stanley reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, April 4th. Macquarie reaffirmed a “buy” rating on shares of Canadian Pacific Railway in a research report on Thursday, March 28th. Sanford C. Bernstein cut shares of Canadian Pacific Railway from an “outperform” rating to a “market perform” rating and set a $211.00 price objective on the stock. in a research report on Tuesday, March 12th. Finally, Argus boosted their price objective on shares of Canadian Pacific Railway from $230.00 to $245.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Four research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $230.77.

TRADEMARK VIOLATION WARNING: “CIBC Private Wealth Group LLC Has $203,000 Holdings in Canadian Pacific Railway Ltd (NYSE:CP)” was reported by Markets Daily and is the property of of Markets Daily. If you are reading this report on another publication, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be viewed at https://www.themarketsdaily.com/2019/06/12/cibc-private-wealth-group-llc-has-203000-holdings-in-canadian-pacific-railway-ltd-nysecp.html.

Canadian Pacific Railway Company 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 energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

See Also: What is a conference call?

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP).

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

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.