According to the company’s most recent Form 13F filing with the Securities and Exchange Commission, Congress Wealth Management LLC DE decreased its holdings of Canadian Pacific Railway Limited (NYSE: C.P.) (TSE: C.P.) during the third quarter.
The company made the filing. Following the sale of 19,799 shares of the transportation company’s stock throughout the quarter, the fund was left in possession of 78,119 shares of the company’s stock.
The value of Congress Wealth Management LLC’s (D.E.
Investment in Canadian Pacific Railway as of the end of the most recent reporting period was $5,220,000.
This figure was derived from the company’s most recent quarterly financial statements.
Recently, several prominent investors have altered the interests they currently hold in the company due to recent transactions.
During the second quarter, Brown Advisory INC increased the amount of Canadian Pacific Railway stock owned by 4.0 percentage points.
Brown Advisory INC has taken direct ownership of 12,100 shares of the transportation company’s stock, which are worth $845,000 as of now.
This is a direct result of the purchase of 465 additional shares during the time frame in question.
During the second quarter, LPL Financial LLC increased the number of shares of Canadian Pacific Railway it held in its investment portfolio by 2.4%.
LPL Financial LLC now has 284,786 shares of the transportation company’s stock, valued at $19,889,000, after purchasing an additional 6,747 shares during the period in question.
This brings the total number of shares owned by the company to 284,786.
During the second quarter, FDx Advisors INC brought the total Canadian Pacific Railway stock it owned to 2.2% higher than before. FDx Advisors INC now has a total of 37,600 shares of the transportation company’s stock following the acquisition of 794 additional shares during the period.
The stock of the transportation company is currently valued at $2,626,000.
In the second quarter, Assenagon Asset Management S.A.
Added more shares of Canadian Pacific Railway to its collection of holdings, bringing the total to 7.3% more than before.
After purchasing an additional 593 shares during the most recent quarter, Assenagon Asset Management S.A. now owns 8,704 shares of the transportation company’s stock, which is $607,000.
These shares were acquired during the most recent quarter.
And finally, during the most recent fiscal quarter, Sumitomo Mitsui Trust Holdings INC increased the percentage of Canadian Pacific Railway stock owned by 0.6%.
The company now has a total of 2,369,117 shares of the transportation company’s stock, valued at $158,474,000, thanks to purchasing 14,976 additional shares.
The company’s stock is currently owned by hedge funds and other institutional investors, who collectively account for 72.31 percent of the total.
Recent research on C.P. has been carried out by various brokerage firms, each conducting an individual study on the company. Stephens moved Canadian Pacific Railway from an “equal weight” rating to an “overweight” rating in a research report published on Thursday, October 27.
In addition, Stephens increased their price target for the stock to $76.00, up from $73.00.
In a public research note on Tuesday, Barclays disclosed that they had increased their price objective for Canadian Pacific Railway stock from $86,000 to $90,000 and upgraded their “overweight” rating for the stock. Wells Fargo & Company upgraded the stock of Canadian Pacific Railway to “overweight.” It increased its price objective for the stock from $85.00 to $90.00 in a research note published on Wednesday, February 1.
In addition, they increased the price target they had set for the stock from $85.00 to $90.00.
In a research report published that same day, the Canadian Imperial Bank of Commerce (CIBC) announced on February 1 that they would be lowering their target price for Canadian Pacific Railway from C$128.00 to C$125.00. On Tuesday, December 20, Atb Cap Markets reassigned the “outperform” rating they had previously removed from the shares of Canadian Pacific Railway. Nine analysts have given the company a recommendation to buy, while only six have recommended that investors maintain their current holdings in the stock.
Bloomberg reported that the rating for Canadian Pacific Railway has been raised to “Moderate Buy” and that the price objective has been established at $90.00 for the stock.
NYSE: opening On Wednesday, one share of C.P. was selling for $77.68.
The stock has traded at an average price of $76.20 over the past 200 days, with a moving average price of $77.75 over the past 50 days.
The price-to-earnings ratio for the company is 26.97; the price-to-growth ratio is 2.38, and the beta value is 1.02.
The company currently has a market capitalization of $72.28 billion.
During the previous year, the price of Canadian Pacific Railway Limited fluctuated between $65.17 and $84.22, with a low point of $65.17 and a high point of $84.22.
The debt-to-equity ratio is 0.51, the quick ratio to the current ratio is 0.49, and the quick ratio to the current ratio is 0.58.
The company has also announced that it will be paying out a quarterly dividend, which will take place on the Monday following the announcement, which is April 24. Shareholders whose financial records were up to date as of March 31 will be eligible to receive a $0.1424 dividend payment per share. Shareholders whose records were up-to-date as of March 31 will be eligible to receive a $0.1424 dividend payment per share.
This equates to a dividend payout of $0.57 per year, which results in a yield of 0.73% of the investment capital. We can conclude that this constitutes an increase because the Canadian Pacific Railway’s most recent quarterly dividend was $0.14.
This dividend will be payable to shareholders whose accounts are in good standing as of this coming Thursday, March 30.
At this time, Canadian Pacific Railway’s dividend payout ratio (also known as DPR) stands at 19.44%.
Customers are served by the Canadian Pacific Railway Ltd, which is a holding company that operates as a railway service provider. Knowledge of supply chains, logistics services, and freight transportation are some things that can be gained from it.
The company’s current headquarters can be found in Calgary, a city in Canada.
The company was founded in 1881.
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