Foster & Motley Inc. raised its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Alpine Woods Capital Investors LLC owned 0.07% of Canadian Pacific Railway Limited worth $16,596,000 as of its most recent SEC filing. LVM Capital Management MI boosted its stake in stocks of Canadian National Railway by 0.5% in the Q1. Edmond DE Rothschild Holding S.A. now owns 1,135 shares of the transportation company's stock worth $166,000 after buying an additional 35 shares in the last quarter. Finally, Carderock Capital Management Inc. raised its position in Canadian National Railway by 0.6% in the first quarter. Parallel Advisors LLC increased its position in Canadian Pacific Railway Limited by 37.0% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company's stock worth $631,000 after buying an additional 40 shares in the last quarter. Sky Investment Group LLC bought a new position in Canadian National Railway during the first quarter worth $214,000. Boston Advisors LLC bought a new position in Canadian National Railway during the first quarter worth $415,000. HL Financial Services LLC now owns 1,571 shares of the transportation company's stock valued at $231,000 after buying an additional 70 shares in the last quarter.
Shares of Canadian Pacific Railway Limited (NYSE:CP) opened at 154.00 on Friday. The company had a trading volume of 579,608 shares. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The stock has a 50 day moving average price of $81.16 and a 200 day moving average price of $75.59. The stock has a market capitalization of $59.70 billion, a PE ratio of 20.29 and a beta of 1.11.
Canadian Pacific Railway Limited declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that permits the company to buyback 4,380,000 shares. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be given a $0.4411 dividend.
In other Canadian National Railway news, insider Sean Finn sold 12,885 shares of the business's stock in a transaction on Friday, June 2nd. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Thursday, September 28th. Equities research analysts anticipate that Canadian Pacific Railway Limited will post $11.57 earnings per share for the current year.
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A number of equities research analysts have recently weighed in on CP shares. BMO Capital Markets restated an "outperform" rating and set a C$111.00 price objective on shares of Canadian National Railway in a report on Wednesday, July 26th. They noted that the move was a valuation call. Zacks Investment Research raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. Cowen and Company restated an outperform rating and issued a $172.00 price target (down previously from $173.00) on shares of Canadian Pacific Railway Limited in a report on Sunday, April 23rd. Stifel Nicolaus lifted their target price on Canadian National Railway from $73.00 to $74.00 and gave the stock a "hold" rating in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Canadian National Railway has a consensus rating of "Hold" and an average target price of $80.56. Canadian Pacific Railway Limited accounts for 1.4% of Outfitter Advisors LTD.'s holdings, making the stock its 24th largest position. The company transports bulk commodities, including grain, coal, potash, fertilizers, and Sulphur; and merchandise freight, such as finished vehicles and machinery, automotive parts, chemicals and plastics, crude, and metals and minerals, as well as forest and industrial, and consumer products.
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