Beck Mack & Oliver LLC Continues to Hold Position in Canadian Pacific Railway Ltd. (CP)

Beck Mack & Oliver LLC continued to hold its stake in shares of Canadian Pacific Railway Ltd. (NYSE:CP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,440 shares of the company’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in Canadian Pacific Railway were worth $701,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CP. Capital Fund Management S.A. increased its stake in shares of Canadian Pacific Railway by 217.4% in the second quarter. Capital Fund Management S.A. now owns 324,039 shares of the company’s stock valued at $41,733,000 after buying an additional 221,961 shares during the period. Canada Pension Plan Investment Board increased its stake in shares of Canadian Pacific Railway by 529.4% in the first quarter. Canada Pension Plan Investment Board now owns 21,462 shares of the company’s stock valued at $2,863,000 after buying an additional 18,052 shares during the period. Legal & General Group Plc increased its stake in shares of Canadian Pacific Railway by 1.6% in the first quarter. Legal & General Group Plc now owns 566,482 shares of the company’s stock valued at $75,567,000 after buying an additional 8,753 shares during the period. Seven Eight Capital LLC purchased a new stake in shares of Canadian Pacific Railway during the first quarter valued at about $345,000. Finally, Creative Planning increased its stake in shares of Canadian Pacific Railway by 0.3% in the second quarter. Creative Planning now owns 32,207 shares of the company’s stock valued at $4,148,000 after buying an additional 89 shares during the period. 68.20% of the stock is currently owned by institutional investors.

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

Canadian Pacific Railway Ltd. (NYSE:CP) traded down 0.17% during midday trading on Monday, hitting $150.46. 524,112 shares of the company traded hands. The stock’s 50-day moving average price is $150.91 and its 200 day moving average price is $141.54. The company has a market capitalization of $22.23 billion, a price-to-earnings ratio of 20.36 and a beta of 1.32. Canadian Pacific Railway Ltd. has a 12-month low of $97.09 and a 12-month high of $157.34.

Canadian Pacific Railway (NYSE:CP) last released its quarterly earnings data on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing the consensus estimate of $2.50 by $0.45. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.57 billion. Canadian Pacific Railway had a return on equity of 32.47% and a net margin of 23.36%. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 earnings per share. On average, equities analysts forecast that Canadian Pacific Railway Ltd. will post $8.01 EPS for the current year.

CP has been the topic of a number of research reports. Citigroup Inc. upped their price target on shares of Canadian Pacific Railway from $154.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Vertical Research initiated coverage on shares of Canadian Pacific Railway in a research note on Tuesday, October 11th. They issued a “buy” rating on the stock. Barclays PLC upped their price target on shares of Canadian Pacific Railway from $165.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, September 12th. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $172.00 price target on shares of Canadian Pacific Railway in a research note on Tuesday, September 13th. Finally, Loop Capital reaffirmed a “hold” rating on shares of Canadian Pacific Railway in a research note on Friday, September 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the stock. Canadian Pacific Railway currently has an average rating of “Buy” and a consensus target price of $177.89.

In other news, Director Pershing Square Capital Manage sold 9,840,890 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $141.68, for a total transaction of $1,394,257,295.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.13% of the company’s stock.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited (CP), together with its subsidiaries, operates a transcontinental railway in Canada and the United States. The Company operates in rail transportation segment. The Company’s business mix includes bulk commodities, merchandise freight and intermodal traffic over a network of approximately 12,500 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia, and the United States Northeast and Midwest regions.

5 Day Chart for NYSE:CP

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