Commonwealth Equity Services LLC Has $2.79 Million Stock Position in Canadian Pacific Railway Limited (NYSE:CP)

Posted by Defense World Staff on Mar 11th, 2023

Commonwealth Equity Services LLC cut its stake in Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,845 shares of the transportation company’s stock after selling 911 shares during the period. Commonwealth Equity Services LLC’s holdings in Canadian Pacific Railway were worth $2,791,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brown Advisory Inc. lifted its position in Canadian Pacific Railway by 1.0% in the third quarter. Brown Advisory Inc. now owns 15,329 shares of the transportation company’s stock worth $1,023,000 after purchasing an additional 145 shares during the period. Dakota Wealth Management boosted its position in shares of Canadian Pacific Railway by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 18,252 shares of the transportation company’s stock valued at $1,218,000 after acquiring an additional 157 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Canadian Pacific Railway by 57.3% in the third quarter. Hexagon Capital Partners LLC now owns 453 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 165 shares during the period. Cetera Advisor Networks LLC increased its stake in Canadian Pacific Railway by 2.4% in the second quarter. Cetera Advisor Networks LLC now owns 7,193 shares of the transportation company’s stock valued at $502,000 after acquiring an additional 172 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its holdings in Canadian Pacific Railway by 3.9% during the third quarter. Orion Portfolio Solutions LLC now owns 4,642 shares of the transportation company’s stock valued at $310,000 after purchasing an additional 173 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Railway Stock Down 1.1 %

NYSE:CP opened at $73.13 on Friday. The stock’s fifty day moving average price is $77.53 and its two-hundred day moving average price is $75.92. The company has a market cap of $68.07 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.30 and a beta of 1.02. Canadian Pacific Railway Limited has a 52-week low of $65.17 and a 52-week high of $84.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.

Canadian Pacific Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be given a $0.1424 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, March 30th. Canadian Pacific Railway’s dividend payout ratio (DPR) is presently 19.44%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CP. Scotiabank increased their target price on Canadian Pacific Railway from C$102.00 to C$110.00 in a report on Tuesday, January 24th. Atb Cap Markets reissued an “outperform” rating on shares of Canadian Pacific Railway in a report on Tuesday, December 20th. Deutsche Bank Aktiengesellschaft raised shares of Canadian Pacific Railway from a “hold” rating to a “buy” rating and upped their target price for the stock from $80.00 to $98.00 in a report on Monday, November 28th. National Bank Financial lifted their price target on shares of Canadian Pacific Railway from C$105.00 to C$106.00 in a report on Friday, December 16th. Finally, Barclays upped their price objective on shares of Canadian Pacific Railway from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 7th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Railway has an average rating of “Moderate Buy” and a consensus price target of $90.00.

Canadian Pacific Railway Company Profile

(Get Rating)

Canadian Pacific Railway Ltd. operates as a holding company, which engages in the provision of rail services. It offers a suite of freight transportation services, logistics solutions and supply chain expertise. The company was founded in 1881 and is headquartered in Calgary, Canada.

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.