Balyasny Asset Management LLC Sells 164,504 Shares of Canadian Pacific Railway Limited (CP)

Balyasny Asset Management LLC trimmed its stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 91.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,520 shares of the transportation company’s stock after selling 164,504 shares during the period. Balyasny Asset Management LLC’s holdings in Canadian Pacific Railway Limited were worth $2,496,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Captrust Financial Advisors bought a new stake in Canadian Pacific Railway Limited during the second quarter valued at $130,000. Northwestern Mutual Wealth Management Co. boosted its position 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 acquiring an additional 167 shares during the last quarter. Parallel Advisors LLC boosted its position in Canadian Pacific Railway Limited by 13.0% during the second quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock valued at $154,000 after acquiring an additional 113 shares during the last quarter. Shine Investment Advisory Services Inc. bought a new stake in Canadian Pacific Railway Limited during the second quarter valued at $163,000. Finally, Edmond DE Rothschild Holding S.A. boosted its position 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 acquiring an additional 35 shares during the last quarter. Institutional investors and hedge funds own 65.89% of the company’s stock.

A number of analysts have commented on CP shares. Cowen and Company reaffirmed a “buy” rating and set a $172.00 price target on shares of Canadian Pacific Railway Limited in a research report on Friday, July 28th. Bank of America Corporation upped their price target on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Argus reaffirmed a “buy” rating and set a $180.00 price target (up previously from $165.00) on shares of Canadian Pacific Railway Limited in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of Canadian Pacific Railway Limited from a “hold” rating to a “buy” rating and set a $181.00 price target on the stock in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus upped their price target on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the company a “buy” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway Limited presently has an average rating of “Buy” and a consensus target price of $188.35.

Canadian Pacific Railway Limited (CP) opened at 167.40 on Thursday. The company has a 50-day moving average of $161.50 and a 200 day moving average of $157.23. The company has a market cap of $24.45 billion, a PE ratio of 18.26 and a beta of 1.11. Canadian Pacific Railway Limited has a 12 month low of $139.29 and a 12 month high of $169.58.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be paid a dividend of $0.4411 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.76 annualized dividend and a yield of 1.05%. 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 21.43%.

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Canadian Pacific Railway Limited Profile

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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