Wahed Invest LLC Buys 680 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wahed Invest LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,248 shares of the transportation company’s stock after acquiring an additional 680 shares during the period. Wahed Invest LLC’s holdings in Canadian Pacific Kansas City were worth $576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mitsubishi UFJ Trust & Banking Corp boosted its position in Canadian Pacific Kansas City by 9.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,565 shares of the transportation company’s stock valued at $265,000 after acquiring an additional 300 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 3.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 273,127 shares of the transportation company’s stock valued at $20,323,000 after purchasing an additional 8,552 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Canadian Pacific Kansas City by 19.0% during the third quarter. DekaBank Deutsche Girozentrale now owns 274,865 shares of the transportation company’s stock worth $20,620,000 after purchasing an additional 43,922 shares during the period. Checchi Capital Advisers LLC increased its holdings in Canadian Pacific Kansas City by 2.8% in the third quarter. Checchi Capital Advisers LLC now owns 9,339 shares of the transportation company’s stock worth $695,000 after purchasing an additional 254 shares in the last quarter. Finally, Kestra Advisory Services LLC lifted its stake in Canadian Pacific Kansas City by 22.7% in the third quarter. Kestra Advisory Services LLC now owns 13,448 shares of the transportation company’s stock valued at $1,001,000 after buying an additional 2,485 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CP shares. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price objective for the company. Raymond James increased their target price on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Evercore cut their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Evercore ISI dropped their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.32.

Canadian Pacific Kansas City Stock Up 1.6 %

CP opened at $78.17 on Tuesday. The business’s fifty day simple moving average is $81.00 and its 200 day simple moving average is $81.90. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market cap of $72.91 billion, a PE ratio of 25.05, a P/E/G ratio of 2.19 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.