Canadian Pacific Railway Limited (NYSE:CP) Holdings Trimmed by Baillie Gifford & Co.

Posted by on Apr 5th, 2023

Baillie Gifford & Co. cut its holdings in Canadian Pacific Railway Limited (NYSE:CP – Get Rating) (TSE:CP) by 1.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,455,545 shares of the transportation company’s stock after selling 26,627 shares during the quarter. Baillie Gifford & Co.’s holdings in Canadian Pacific Railway were worth $108,445,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Brown Advisory Inc. grew its holdings in shares of Canadian Pacific Railway by 1.0% in the 3rd quarter. Brown Advisory Inc. now owns 15,329 shares of the transportation company’s stock worth $1,023,000 after acquiring an additional 145 shares during the last quarter. Dakota Wealth Management increased its stake in Canadian Pacific Railway by 0.9% in the 3rd quarter. Dakota Wealth Management now owns 18,252 shares of the transportation company’s stock worth $1,218,000 after purchasing an additional 157 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in Canadian Pacific Railway by 57.3% during the 3rd quarter. Hexagon Capital Partners LLC now owns 453 shares of the transportation company’s stock worth $30,000 after buying an additional 165 shares during the period. Orion Portfolio Solutions LLC lifted its stake 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 buying an additional 173 shares in the last quarter. Finally, BMS Financial Advisors LLC boosted its holdings in shares of Canadian Pacific Railway by 3.1% in the fourth quarter. BMS Financial Advisors LLC now owns 5,801 shares of the transportation company’s stock worth $433,000 after buying an additional 177 shares during the period. 72.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CP shares. Barclays boosted their price target on shares of Canadian Pacific Railway from $86.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, February 7th. Atb Cap Markets reissued an “outperform” rating on shares of Canadian Pacific Railway in a research note on Tuesday, December 20th. CIBC decreased their target price on Canadian Pacific Railway from C$128.00 to C$125.00 in a research report on Wednesday, February 1st. National Bank Financial upped their price target on Canadian Pacific Railway from C$105.00 to C$106.00 in a research report on Friday, December 16th. Finally, Wells Fargo & Company raised their price objective on Canadian Pacific Railway from $85.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Railway presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Canadian Pacific Railway Stock Down 0.0 %

Shares of Canadian Pacific Railway stock opened at $77.19 on Wednesday. The firm has a market cap of $71.85 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.37 and a beta of 1.02. The stock has a 50-day simple moving average of $77.03 and a 200-day simple moving average of $75.84. Canadian Pacific Railway Limited has a 52-week low of $65.17 and a 52-week high of $82.96. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Railway (NYSE:CP – Get Rating) (TSE:CP) last posted its earnings results on Tuesday, January 31st. The transportation company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Canadian Pacific Railway had a net margin of 39.70% and a return on equity of 9.29%. On average, equities research analysts expect that Canadian Pacific Railway Limited will post 3.38 earnings per share for the current fiscal year.

Canadian Pacific Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Investors of record on Friday, March 31st will be paid a $0.1424 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Thursday, March 30th. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.14. Canadian Pacific Railway’s payout ratio is presently 19.79%.

Canadian Pacific Railway Company Profile

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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.

Further Reading

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

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