LPL Financial LLC Boosts Position in Canadian Pacific Railway Limited (NYSE:CP)

LPL Financial LLC Boosts Position in Canadian Pacific Railway Limited (NYSE:CP)

LPL Financial LLC lifted its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,384 shares of the transportation company’s stock after buying an additional 2,627 shares during the […]

Canadian Pacific Railway logoLPL Financial LLC lifted its position in Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) by 38.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,384 shares of the transportation company’s stock after buying an additional 2,627 shares during the quarter. LPL Financial LLC’s holdings in Canadian Pacific Railway were worth $2,857,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board boosted its stake in Canadian Pacific Railway by 129.8% during the second quarter. Canada Pension Plan Investment Board now owns 955,210 shares of the transportation company’s stock valued at $242,183,000 after buying an additional 539,613 shares during the period. FMR LLC boosted its position in shares of Canadian Pacific Railway by 19.4% during the 2nd quarter. FMR LLC now owns 3,017,263 shares of the transportation company’s stock valued at $767,472,000 after acquiring an additional 490,263 shares during the last quarter. Holocene Advisors LP grew its holdings in shares of Canadian Pacific Railway by 235.8% during the second quarter. Holocene Advisors LP now owns 498,693 shares of the transportation company’s stock worth $127,336,000 after purchasing an additional 350,162 shares in the last quarter. WCM Investment Management LLC increased its position in shares of Canadian Pacific Railway by 3.8% in the second quarter. WCM Investment Management LLC now owns 5,976,989 shares of the transportation company’s stock worth $1,526,165,000 after purchasing an additional 216,960 shares during the last quarter. Finally, Toronto Dominion Bank increased its position in shares of Canadian Pacific Railway by 45.2% in the second quarter. Toronto Dominion Bank now owns 680,838 shares of the transportation company’s stock worth $173,190,000 after purchasing an additional 211,905 shares during the last quarter. Institutional investors own 65.40% of the company’s stock.

Shares of Canadian Pacific Railway stock opened at $325.93 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.51 and a debt-to-equity ratio of 1.18. Canadian Pacific Railway Limited has a 12-month low of $173.26 and a 12-month high of $339.30. The company has a market cap of $43.87 billion, a P/E ratio of 25.21, a PEG ratio of 2.89 and a beta of 0.98. The company’s fifty day simple moving average is $320.39 and its two-hundred day simple moving average is $284.95.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Stockholders of record on Thursday, December 31st will be given a $0.7202 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $2.88 annualized dividend and a dividend yield of 0.88%. This is a positive change from Canadian Pacific Railway’s previous quarterly dividend of $0.71. Canadian Pacific Railway’s dividend payout ratio is currently 22.92%.

A number of brokerages have recently commented on CP. Credit Suisse Group increased their price target on shares of Canadian Pacific Railway from $336.00 to $353.00 and gave the stock an “outperform” rating in a report on Wednesday, October 21st. Raymond James downgraded Canadian Pacific Railway from an “outperform” rating to a “market perform” rating in a research report on Friday, November 20th. CIBC lifted their price target on Canadian Pacific Railway from $410.00 to $444.00 in a research note on Thursday, October 8th. BMO Capital Markets increased their price objective on Canadian Pacific Railway from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Wednesday, October 21st. Finally, Scotiabank boosted their target price on Canadian Pacific Railway from $395.00 to $450.00 in a research report on Friday, October 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $362.95.

Canadian Pacific Railway 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 transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

See Also: What is the Consumer Price Index (CPI)?

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Institutional Ownership by Quarter for Canadian Pacific Railway (NYSE:CP)

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Source: www.americanbankingnews.com

Author: ABMN Staff


The Chat Room: Should people stock up during a shopping spree?

The Chat Room: Should people stock up during a shopping spree?

November is the month of shopping extravaganzas, even in this COVID-19 era. The Double Eleven shopping festival in China, and the Black Friday and Cyber Monday are all happening this month, bombarding customers with new products and door-busting deals. Some choose to snag those deals while some remain rational and with a lucid mind and prefer to keep every “pay now” button-click under control, respecting their budget.

In this episode of “The Chat Room,” we invited several guests from China, U.S., New Zealand, and Russia to debate consumption habits and share their opinion about stocking or not stocking up during this shopping season. 

CGTN’s livestreaming program “The Chat Room” aired in Beijing,China, November 27, 2020. /CGTN

CGTN’s livestreaming program “The Chat Room” aired in Beijing,China, November 27, 2020. /CGTN

Shopping season during COVID-19 times

Coronavirus has changed nearly every aspect of our daily lives, and shopping is no exception. Beyond impacting some of the factors that determine consumer spend — such as consumer confidence, unemployment, cost of living, and social distancing policies — the pandemic has also drastically altered how and where customers choose to spend their hard-earned money.

Instead of diluting the atmosphere of the extravaganza, the pandemic spiked e-commerce as it drives people online. Those shopping festivals might be the only full-on holiday for people around the world now. But does it really help stimulating or restoring this year’s wrecked economy?

Cale Holmes, journalist and comedian from the United States, in Beijing, China, November 27, 2020. /CGTN

Cale Holmes, journalist and comedian from the United States, in Beijing, China, November 27, 2020. /CGTN

Cale Holmes, American journalist and comedian, believes that buying during this time is a great way to stimulate the economy and bring some things home to rebuild peoples’ confidence, which is extremely important during this turbulent time.

Mentioning that it’s also helpful for the development of local businesses, Holmes noted that the Double-Eleven and other shopping festivals create jobs in many industries as more districts and rural areas further develop. However, Maisey Wang, a freshman student from New Zealand based in Beijing, argued that it’s a short-term event that does not have a significant effect on eliminating poverty.

Maisey Wang, a New Zealand freshman student from Renmin University, in Beijing, China, November 27, 2020. /CGTN

Maisey Wang, a New Zealand freshman student from Renmin University, in Beijing, China, November 27, 2020. /CGTN

In a larger scale, Cale Holmes and Dominic Lam, a undergraduate student from Hong Kong, emphasized that people should take part in shopping festivals, because it’s a hook encouraging people to spend money in energizing the national economy and also giving a new impetus to consumer spending, one of the most paramount driving forces for global economic growth.

Dominic Lam, undergraduate student from Hong Kong (L) and Cale Holmes in The Chat Room program, in Beijing, China, November 27, 2020. /CGTN

Dominic Lam, undergraduate student from Hong Kong (L) and Cale Holmes in The Chat Room program, in Beijing, China, November 27, 2020. /CGTN

A new eco-friendly shopping way or binge waste-creating

How to practice shopping in an eco-friendly way that aligns peoples’ sustainability values was also a major debate. Does this deal-seizing shopping achieved the re-distribution of the resources or only creating more wastes?

Holmes also argued that buying in these campaigns is the “right thing” for the planet since it helps people understand the second-hand market, avoiding wasting money. 

Meantime, Ekaterina Kologrivaya, a Russian graduate student, defended that only people who shop with a “lucid mind” can be sustainable shoppers, but what happens is that many shoppers buy things because they are a good deal but not because they need it. 

In the debate, it was clear that participants think that shopping during the Double-Eleven or Black Friday only creates more waste for most customers.

CGTN’s live-streaming program “The Chat Room”aired in Beijing, China, November 27, 2020. /CGTN

CGTN’s live-streaming program “The Chat Room”aired in Beijing, China, November 27, 2020. /CGTN

A steal or a trap?

From toilet paper to a table, nothing can’t be stocked up, according to Lam and Holms. They emphasized that people need those products anyway to solve daily basic problems, then why not just buy them with a reasonable discount? 

Wang and Kologrivaya, however, insisted it’s just a series of tricks or even traps to lure people to spend money on a deal that seems like a steal.

Maisey Wang (L), a freshman student based in Beijing and Ekaterina Kologrivaya, Russian graduate student, in Beijing, China, November 27,2020./CGTN

Maisey Wang (L), a freshman student based in Beijing and Ekaterina Kologrivaya, Russian graduate student, in Beijing, China, November 27,2020./CGTN

With Christmas around the corner, Holmes noted that this is also an opportunity for parents to buy the children’s presents beforehand and with a discount. 

CGTN’s livestreaming program “The Chat Room” aired in Beijing, China, November 27, 2020. /CGTN

CGTN’s livestreaming program “The Chat Room” aired in Beijing, China, November 27, 2020. /CGTN

“Do you think that happiness is about things or toys?”

Kologrivaya asked following Holmes, who then clarified that, in his opinion, people can’t get overall happiness from one purchase, but it does make a difference especially when it comes to momentary confidence. According to him, it’s more like a treat, which equals to the voice saying “you deserve it” when people finish their day of work or children want something special during the holiday season.

Ekaterina Kologrivaya, Russian graduate student, in Beijing, China, November 27, 2020. /CGTN

Ekaterina Kologrivaya, Russian graduate student, in Beijing, China, November 27, 2020. /CGTN

Indeed, who doesn’t need a little sweet treat, especially during this rough year marked by uncertainty? Nonetheless, those little treats are better enjoyed when people are financially smart and spend their hard-earn money wisely, without having to worry about future implications of shopping sprees and empty bank accounts. 

Source: news.cgtn.com

Author: Yu Qiuyuan


LPL Financial LLC Boosts Position in Canadian Pacific Railway Limited (NYSE:CP)


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