Envestnet Asset Management Inc. Has $3.72 Million Stake in Canadian Pacific Railway Limited (CP)

Envestnet Asset Management Inc. lifted its stake in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,157 shares of the transportation company’s stock after acquiring an additional 1,290 shares during the period. Envestnet Asset Management Inc.’s holdings in Canadian Pacific Railway were worth $3,724,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CP. Dimensional Fund Advisors LP raised its position in shares of Canadian Pacific Railway by 16.0% in the first quarter. Dimensional Fund Advisors LP now owns 27,150 shares of the transportation company’s stock worth $3,989,000 after buying an additional 3,736 shares in the last quarter. Bessemer Group Inc. raised its position in shares of Canadian Pacific Railway by 8.7% in the second quarter. Bessemer Group Inc. now owns 7,912 shares of the transportation company’s stock worth $1,273,000 after buying an additional 630 shares in the last quarter. IFP Advisors Inc raised its position in shares of Canadian Pacific Railway by 33.9% in the second quarter. IFP Advisors Inc now owns 1,710 shares of the transportation company’s stock worth $275,000 after buying an additional 433 shares in the last quarter. Canada Pension Plan Investment Board raised its position in shares of Canadian Pacific Railway by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 29,800 shares of the transportation company’s stock worth $4,788,000 after buying an additional 100 shares in the last quarter. Finally, Wetherby Asset Management Inc. raised its position in shares of Canadian Pacific Railway by 13.3% in the second quarter. Wetherby Asset Management Inc. now owns 2,426 shares of the transportation company’s stock worth $390,000 after buying an additional 284 shares in the last quarter. 67.56% of the stock is owned by hedge funds and other institutional investors.

Shares of Canadian Pacific Railway Limited (CP) opened at $178.01 on Tuesday. Canadian Pacific Railway Limited has a 12-month low of $141.32 and a 12-month high of $180.44. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.44 and a current ratio of 0.53. The firm has a market capitalization of $26,124.54, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 dividend on an annualized basis and a yield of 0.99%. Canadian Pacific Railway’s payout ratio is 18.62%.

A number of brokerages recently issued reports on CP. Goldman Sachs Group began coverage on Canadian Pacific Railway in a research report on Monday, November 13th. They issued a “neutral” rating and a $178.00 price objective on the stock. Deutsche Bank began coverage on Canadian Pacific Railway in a research report on Wednesday, November 1st. They issued a “buy” rating and a $209.00 price objective on the stock. Argus increased their price objective on Canadian Pacific Railway from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 19th. Morgan Stanley increased their price objective on Canadian Pacific Railway from $214.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $238.00 price objective on shares of Canadian Pacific Railway in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $191.19.

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Canadian Pacific Railway 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.

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

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