Prospera Financial Services Inc Has $420,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Prospera Financial Services Inc increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 4,903 shares of the transportation company’s stock after purchasing an additional 190 shares during the quarter. Prospera Financial Services Inc’s holdings in Canadian Pacific Kansas City were worth $420,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Whalen Wealth Management Inc. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $487,000. Cantillon Capital Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 9.1% in the third quarter. Cantillon Capital Management LLC now owns 3,705,152 shares of the transportation company’s stock valued at $316,939,000 after purchasing an additional 310,588 shares during the last quarter. Pathstone Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 2.7% in the third quarter. Pathstone Holdings LLC now owns 248,761 shares of the transportation company’s stock worth $21,279,000 after purchasing an additional 6,579 shares in the last quarter. Swiss National Bank boosted its holdings in Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares during the last quarter. Finally, S&CO Inc. grew its position in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock valued at $1,454,000 after purchasing an additional 11,000 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $76.69 on Monday. The company has a market capitalization of $71.58 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.23 and a beta of 0.98. The stock’s 50 day moving average is $80.34 and its 200-day moving average is $80.45. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $69.27 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.00%.

Analyst Ratings Changes

Several brokerages have commented on CP. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Citigroup lowered their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Eight 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 stock has an average rating of “Moderate Buy” and a consensus price target of $93.68.

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.