Whittier Trust Co. Raises Stock Holdings in Canadian Pacific Railway Ltd (NYSE:CP)

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Whittier Trust Co. lifted its holdings in shares of Canadian Pacific Railway Ltd (NYSE:CP) (TSE:CP) by 13.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,086 shares of the transportation company’s stock after acquiring an additional 725 shares during the quarter. Whittier Trust Co.’s holdings in Canadian Pacific Railway were worth $1,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of CP. National Pension Service purchased a new stake in Canadian Pacific Railway during the 2nd quarter valued at $62,977,000. Carlson Capital L P acquired a new position in shares of Canadian Pacific Railway during the second quarter valued at $14,804,000. Janney Montgomery Scott LLC boosted its holdings in shares of Canadian Pacific Railway by 19.8% during the second quarter. Janney Montgomery Scott LLC now owns 14,921 shares of the transportation company’s stock valued at $3,510,000 after acquiring an additional 2,462 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Canadian Pacific Railway by 34.0% during the second quarter. HighTower Advisors LLC now owns 38,164 shares of the transportation company’s stock valued at $8,979,000 after acquiring an additional 9,690 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Canadian Pacific Railway by 24.7% during the second quarter. JPMorgan Chase & Co. now owns 1,274,841 shares of the transportation company’s stock valued at $298,478,000 after acquiring an additional 252,451 shares during the period. 68.01% of the stock is owned by institutional investors.

Shares of NYSE CP opened at $218.81 on Tuesday. Canadian Pacific Railway Ltd has a twelve month low of $167.48 and a twelve month high of $247.52. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $30.43 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 1.60 and a beta of 1.10. The firm has a 50-day moving average of $224.60 and a two-hundred day moving average of $228.10.

CP has been the subject of several analyst reports. CIBC set a $327.00 price target on shares of Canadian Pacific Railway and gave the company a “buy” rating in a report on Tuesday, October 8th. Wolfe Research downgraded shares of Canadian Pacific Railway from an “outperform” rating to a “peer perform” rating in a report on Friday, June 28th. Zacks Investment Research downgraded shares of Canadian Pacific Railway from a “hold” rating to a “sell” rating and set a $227.00 price target for the company. in a report on Monday. Loop Capital downgraded shares of Canadian Pacific Railway from a “buy” rating to a “hold” rating in a report on Wednesday, July 10th. Finally, Raymond James downgraded shares of Canadian Pacific Railway from a “strong-buy” rating to an “outperform” rating in a report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Canadian Pacific Railway presently has an average rating of “Buy” and a consensus target price of $261.79.

Canadian Pacific Railway Company Profile

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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

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