Canadian Pacific Railway Limite (NYSE:CP).
Cgov Asset Management says it raised its stake in Canadian Pacific Railway Limite shares by 7.8% in a 13F filing with the SEC. Its investment was worth $60,163,000 an increase of 15.2% as of quarter end.
Here are some other firms who have updated their holdings. As of quarter end Gateway Investment Advisers LLC had sold a total of 3,629 shares trimming its holdings by 6.0%. The value of the investment in (CP) went from $8,868,000 to $9,123,000 a change of 2.9% quarter to quarter. Creative Planning augmented its ownership by buying 157 shares an increase of 0.5%. Creative Planning now controls 32,915 shares valued at $5,293,000. The total value of its holdings increased 10.0%.
As of the end of the quarter Sprott Inc. had disposed of 4,575 shares trimming its stake by 30.6%. The value of the investment in Canadian Pacific Railway Limite decreased from $2,196,000 to $1,668,000 decreasing 24.0% quarter over quarter.
Seaport Global initiated coverage on the stock with an initial rating of “Buy”. On October 17 the company was set at “Outperform” in a report from Raymond James which was a cut from the previous “Strong Buy” rating.
September 13 investment analysts at Citigroup kept the company rating at “Overweight” but raised the price target from $155.00 to $172.00. On September 12 Barclays maintained a company rating of “Overweight” but moved up the price target to $172.00 from $142.00.
On July 21, 2016 the stock rating was rated “Neutral” according to a Buckingham Research report down from the previous “Outperform” rating. On July 18 the company was downgraded from “Overweight” to “Equal-weight” with a current price target of $11.00 by Morgan Stanley.
The company is up by 1.80% since yesterday’s close of $161.34. Canadian Pacific Railway Limite recently declared a dividend for shareholders payable on Monday the 31st of July 2017. The dividend payment will be $0.380 per share for the quarter or $1.52 on an annualized basis. This dividend amount will represent a yeild of $1.05. The ex-dividend date will be on Wednesday the 28th of June 2017.
It is trading at $164.25 just above $156.77, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $151.05. The 50 day moving average was up by +4.77% and the 200 day average was up $13.20.
The company currently has a P/E ratio of 21.32 and market cap is 24.09B. As of the latest earnings report the EPS was $7.70 and is expected to be $8.85 for the current year with 146,694,000 shares now outstanding. Analysts expect next quarter’s EPS will be $2.38 and the next full year EPS is anticipated to be $10.01.