Murphy Capital Management Inc. Has $1.60 Million Position in Canadian Pacific Railway Limited (NYSE:CP)

Murphy Capital Management Inc. lowered its position in shares of Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 1.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,935 shares of the transportation company’s stock after selling 100 shares during the period. Murphy Capital Management Inc.’s holdings in Canadian Pacific Railway Limited were worth $1,597,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. Causeway Capital Management LLC bought a new stake in shares of Canadian Pacific Railway Limited during the first quarter worth $662,274,000. WCM Investment Management CA raised its stake in shares of Canadian Pacific Railway Limited by 5.1% in the first quarter. WCM Investment Management CA now owns 3,509,846 shares of the transportation company’s stock worth $515,667,000 after buying an additional 169,647 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Canadian Pacific Railway Limited by 11.6% in the first quarter. TD Asset Management Inc. now owns 3,507,764 shares of the transportation company’s stock worth $513,822,000 after buying an additional 364,220 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Canadian Pacific Railway Limited by 5.0% in the first quarter. Vanguard Group Inc. now owns 3,080,214 shares of the transportation company’s stock worth $452,545,000 after buying an additional 146,826 shares during the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of Canadian Pacific Railway Limited by 34.9% in the first quarter. OppenheimerFunds Inc. now owns 2,505,015 shares of the transportation company’s stock worth $368,038,000 after buying an additional 647,669 shares during the last quarter. Institutional investors own 70.46% of the company’s stock.

Canadian Pacific Railway Limited (CP) traded up 0.07% during mid-day trading on Friday, reaching $152.11. 906,733 shares of the company’s stock traded hands. The stock has a market capitalization of $22.22 billion, a PE ratio of 17.13 and a beta of 1.09. The stock’s 50 day moving average is $158.70 and its 200-day moving average is $153.83. Canadian Pacific Railway Limited has a 52 week low of $139.29 and a 52 week high of $167.52.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be paid a $0.4411 dividend. This is a positive change from Canadian Pacific Railway Limited’s previous quarterly dividend of $0.41. This represents a $1.76 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, September 28th. Canadian Pacific Railway Limited’s dividend payout ratio is currently 19.88%.

Canadian Pacific Railway Limited declared that its Board of Directors has approved a stock buyback plan on Wednesday, May 10th that authorizes the company to repurchase 4,380,000 outstanding shares. This repurchase authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

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CP has been the subject of a number of research analyst reports. Loop Capital decreased their price objective on shares of Canadian Pacific Railway Limited from $157.00 to $119.00 in a report on Monday, April 24th. Morgan Stanley decreased their price objective on shares of Canadian Pacific Railway Limited from $215.00 to $214.00 and set an “overweight” rating for the company in a report on Tuesday, July 25th. BidaskClub lowered shares of Canadian Pacific Railway Limited from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Bank of America Corporation lifted their price objective on shares of Canadian Pacific Railway Limited from $190.00 to $193.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Finally, Wolfe Research lowered shares of Canadian Pacific Railway Limited from an “outperform” rating to a “market perform” rating in a report on Monday, August 7th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $187.37.

Canadian Pacific Railway Limited 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 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 Limited (NYSE:CP)

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