Today: The Canadian Pacific Railway Ltd. (CP) Position Maintained by Whittier Trust Co.

The Canadian Pacific Railway Ltd. (CP) Position Maintained by Whittier Trust Co.

Whittier Trust Co. maintained its stake in Canadian Pacific Railway Ltd. (NYSE:CP) during the second quarter, Holdings Channel reports. The institutional investor owned 2,841 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Canadian Pacific Railway were worth $366,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services Inc boosted its stake in Canadian Pacific Railway by 0.5% in the first quarter. Commonwealth Equity Services Inc now owns 2,790 shares of the company’s stock worth $370,000 after buying an additional 15 shares during the period. BlackRock Institutional Trust Company N.A. acquired a new stake in Canadian Pacific Railway during the first quarter worth approximately $472,000. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Railway by 5.5% in the first quarter. JPMorgan Chase & Co. now owns 1,242,881 shares of the company’s stock worth $164,917,000 after buying an additional 64,629 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Canadian Pacific Railway during the first quarter worth approximately $2,295,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Canadian Pacific Railway during the first quarter worth approximately $179,000. Institutional investors own 68.21% of the company’s stock.

Canadian Pacific Railway Ltd. (NYSE:CP) traded up 0.85% during midday trading on Thursday, reaching $152.61. The company’s stock had a trading volume of 504,667 shares. Canadian Pacific Railway Ltd. has a 1-year low of $97.09 and a 1-year high of $157.34. The firm has a market cap of $22.55 billion, a price-to-earnings ratio of 20.65 and a beta of 1.32. The company has a 50 day moving average price of $150.95 and a 200 day moving average price of $141.30.

Canadian Pacific Railway (NYSE:CP) last released its quarterly earnings results on Wednesday, July 20th. The company reported $2.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.50 by $0.45. The firm earned $1.45 billion during 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 business’s revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 EPS. On average, equities research analysts expect that Canadian Pacific Railway Ltd. will post $8.01 EPS for the current year.

Several brokerages have recently issued reports on CP. Citigroup Inc. restated a “buy” rating and issued a $170.00 price objective on shares of Canadian Pacific Railway in a research note on Saturday, June 18th. Cowen and Company reduced their price objective on Canadian Pacific Railway from $168.00 to $166.00 and set an “outperform” rating for the company in a research note on Wednesday, June 22nd. Raymond James Financial Inc. upgraded Canadian Pacific Railway from an “outperform” rating to a “strong-buy” rating and reduced their price objective for the stock from $210.00 to $200.00 in a research note on Wednesday, June 22nd. Desjardins upgraded Canadian Pacific Railway from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $204.00 to $195.00 in a research note on Wednesday, June 22nd. Finally, TD Securities restated a “hold” rating and issued a $185.00 price objective (down from $195.00) on shares of Canadian Pacific Railway in a research note on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $177.89.

In related news, Director Pershing Square Capital Manage sold 9,840,890 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $141.68, for a total value of $1,394,257,295.20. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is owned by corporate insiders.

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.

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