Canadian Pacific Railway Limited (CP) Shares Bought by BB&T Securities LLC

BB&T Securities LLC increased its stake in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 15.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,550 shares of the transportation company’s stock after purchasing an additional 1,175 shares during the quarter. BB&T Securities LLC’s holdings in Canadian Pacific Railway were worth $1,436,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CP. Artisan Partners Limited Partnership grew its holdings in Canadian Pacific Railway by 2.1% during the 2nd quarter. Artisan Partners Limited Partnership now owns 6,018,329 shares of the transportation company’s stock worth $967,807,000 after acquiring an additional 125,306 shares during the last quarter. TD Asset Management Inc. boosted its stake in shares of Canadian Pacific Railway by 5.7% in the 3rd quarter. TD Asset Management Inc. now owns 3,932,999 shares of the transportation company’s stock valued at $659,089,000 after purchasing an additional 213,056 shares during the last quarter. WCM Investment Management CA boosted its stake in shares of Canadian Pacific Railway by 2.1% in the 3rd quarter. WCM Investment Management CA now owns 3,811,880 shares of the transportation company’s stock valued at $640,510,000 after purchasing an additional 78,892 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Canadian Pacific Railway by 4.7% in the 2nd quarter. Vanguard Group Inc. now owns 3,225,817 shares of the transportation company’s stock valued at $518,743,000 after purchasing an additional 145,603 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Canadian Pacific Railway by 22.2% in the 3rd quarter. CIBC Asset Management Inc now owns 2,678,780 shares of the transportation company’s stock valued at $448,756,000 after purchasing an additional 486,845 shares during the last quarter. Institutional investors and hedge funds own 67.56% of the company’s stock.

Canadian Pacific Railway Limited (NYSE CP) traded up $0.55 during trading on Thursday, hitting $175.10. 374,400 shares of the company were exchanged, compared to its average volume of 652,881. The company has a quick ratio of 0.44, a current ratio of 0.53 and a debt-to-equity ratio of 1.33. Canadian Pacific Railway Limited has a 52 week low of $141.32 and a 52 week high of $180.34. The firm has a market cap of $25,304.02, a P/E ratio of 20.42, a PEG ratio of 1.66 and a beta of 1.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.44 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.76 annualized dividend and a yield of 1.01%. Canadian Pacific Railway’s payout ratio is 18.62%.

A number of equities research analysts have recently commented on the stock. BidaskClub raised shares of Canadian Pacific Railway from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Cowen upped their price objective on shares of Canadian Pacific Railway from $182.00 to $184.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $184.00 price objective on shares of Canadian Pacific Railway in a research note on Wednesday, August 16th. Argus upped their price objective on shares of Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 19th. Finally, National Bank Financial downgraded shares of Canadian Pacific Railway from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $219.00 to $207.00 in a research report on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $191.19.

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About Canadian Pacific Railway

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 (NYSE:CP)

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