Cubist Systematic Strategies LLC Has $1.23 Million Holdings in Canadian Pacific Railway Limited (CP)

Cubist Systematic Strategies LLC boosted its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 33.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,622 shares of the transportation company’s stock after purchasing an additional 1,920 shares during the period. Cubist Systematic Strategies LLC’s holdings in Canadian Pacific Railway Limited were worth $1,227,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CP. Captrust Financial Advisors acquired a new stake in shares of Canadian Pacific Railway Limited during the second quarter valued at about $130,000. Northwestern Mutual Wealth Management Co. increased its position in shares of 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 increased its position in shares of 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. acquired a new stake in shares of Canadian Pacific Railway Limited during the second quarter valued at about $163,000. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of 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. 65.89% of the stock is currently owned by institutional investors.

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

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A number of brokerages have weighed in on CP. BidaskClub cut shares of Canadian Pacific Railway Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. J P Morgan Chase & Co upgraded shares of Canadian Pacific Railway Limited from a “neutral” rating to an “overweight” rating in a research report on Thursday. Stifel Nicolaus reiterated a “buy” rating and set a $184.00 price target on shares of Canadian Pacific Railway Limited in a research report on Wednesday, August 16th. Wolfe Research cut shares of Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a research report on Monday, August 7th. Finally, Cowen and Company reiterated 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have given a buy rating to the company’s stock. Canadian Pacific Railway Limited has an average rating of “Buy” and an average 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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