First Mercantile Trust Co Lowers stake in Canadian Pacific Railway Limited (USA) (CP)

Canadian Pacific Railway Limited (USA) (CP) : First Mercantile Trust Co reduced its stake in Canadian Pacific Railway Limited (USA) by 21.11% during the most recent quarter end. The investment management company now holds a total of 7,420 shares of Canadian Pacific Railway Limited (USA) which is valued at $1,128,508 after selling 1,985 shares in Canadian Pacific Railway Limited (USA) , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Canadian Pacific Railway Limited (USA) makes up approximately 0.15% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Advisory Services Network reduced its stake in CP by selling 79 shares or 9.73% in the most recent quarter. The Hedge Fund company now holds 733 shares of CP which is valued at $111,482. Canadian Pacific Railway Limited (USA) makes up approx 0.02% of Advisory Services Network’s portfolio.New England Research Management reduced its stake in CP by selling 450 shares or 10.03% in the most recent quarter. The Hedge Fund company now holds 4,037 shares of CP which is valued at $624,685. Canadian Pacific Railway Limited (USA) makes up approx 0.53% of New England Research Management’s portfolio. Bnp Paribas Arbitrage Sa added CP to its portfolio by purchasing 1,448 company shares during the most recent quarter which is valued at $224,064. Washington Trust Bank sold out all of its stake in CP during the most recent quarter. The investment firm sold 19 shares of CP which is valued $2,940.

Canadian Pacific Railway Limited (USA) closed down -0.97 points or -0.63% at $152.09 with 8,21,593 shares getting traded on Friday. Post opening the session at $152.64, the shares hit an intraday low of $149.72 and an intraday high of $152.67 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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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