Wcg Management adds Canadian Pacific Railway Limited (USA) (CP) to its portfolio

Canadian Pacific Railway Limited (USA) (CP) : Wcg Management added new position in Canadian Pacific Railway Limited (USA) during the most recent quarter end. The investment management firm now holds 48,439 shares of Canadian Pacific Railway Limited (USA) which is valued at $7,134,096 , the company said in a statement filed on Aug 1, 2016 with the SEC.Canadian Pacific Railway Limited (USA) makes up approximately 8.33% of Wcg Management’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in CP in the latest quarter, The investment management firm added 13,014 additional shares and now holds a total of 61,680 shares of Canadian Pacific Railway Limited (USA) which is valued at $9,084,230. Canadian Pacific Railway Limited (USA) makes up approx 0.12% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Seven Bridges Advisors reduced its stake in CP by selling 855 shares or 36.82% in the most recent quarter. The Hedge Fund company now holds 1,467 shares of CP which is valued at $214,769. Canadian Pacific Railway Limited (USA) makes up approx 0.18% of Seven Bridges Advisors’s portfolio. Burt Wealth Advisors sold out all of its stake in CP during the most recent quarter. The investment firm sold 200 shares of CP which is valued $29,832.Dorchester Wealth Management Co boosted its stake in CP in the latest quarter, The investment management firm added 73 additional shares and now holds a total of 2,532 shares of Canadian Pacific Railway Limited (USA) which is valued at $377,673. Canadian Pacific Railway Limited (USA) makes up approx 0.14% of Dorchester Wealth Management Co’s portfolio.Winslow Evans Crocker boosted its stake in CP in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 46 shares of Canadian Pacific Railway Limited (USA) which is valued at $6,861.

Canadian Pacific Railway Limited (USA) closed down -4.1 points or -2.78% at $143.18 with 53,93,766 shares getting traded on Thursday. Post opening the session at $141.84, the shares hit an intraday low of $141.65 and an intraday high of $143.72 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Canadian Pacific Railway Limited (USA) reported $2.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $2.01. The company had revenue of $1450.00 million for the quarter, compared to analysts expectations of $1461.65 million. The company’s revenue was down -12.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.45 EPS.

Investors should note that on Jul 11, 2016, Canadian Pacific Railway Limited (USA) announced a cash dividend of $0.5000. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 24, 2016.

Many Wall Street Analysts have commented on Canadian Pacific Railway Limited (USA). Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform”, Firm has raised the Price Target to $ 216 from a previous price target of $203 .Canadian Pacific Railway Limited (USA) was Downgraded by Buckingham Research to ” Neutral” on Jul 21, 2016. Company shares were Reiterated by Cowen on Jul 20, 2016 to “Outperform”, Firm has raised the Price Target to $ 168 from a previous price target of $166 .

Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13700 miles serving the principal business centers of Canada from Montreal Quebec to Vancouver British Columbia (B.C.) and the United States Northeast and Midwest regions. The Company transports bulk commodities merchandise freight and intermodal traffic. Bulk commodities include Canadian grain U.S. grain coal potash and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts chemicals and plastics crude oil forest products and metals minerals and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train ship and truck and in domestic containers and trailers that can be moved by train and truck.

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