Park National Corp OH bought a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) in the 4th quarter, Holdings Channel reports. The institutional investor bought 6,799 shares of the transportation company’s stock, valued at approximately $492,000.
Other large investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after purchasing an additional 1,678,784 shares during the period. National Bank of Canada FI grew its position in shares of Canadian Pacific Kansas City by 84.4% during the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company’s stock worth $251,778,000 after buying an additional 1,348,474 shares during the period. Wulff Hansen & CO. grew its position in shares of Canadian Pacific Kansas City by 8,261.4% during the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company’s stock worth $74,282,000 after buying an additional 932,216 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $63,179,000. Finally, AGF Management Ltd. raised its position in shares of Canadian Pacific Kansas City by 86.5% in the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company’s stock valued at $125,094,000 after acquiring an additional 735,816 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research report on Wednesday. Evercore ISI boosted their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Barclays increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Finally, Citigroup cut their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $93.56.
Canadian Pacific Kansas City Stock Performance
Shares of CP stock opened at $76.29 on Thursday. The firm has a market cap of $71.21 billion, a PE ratio of 27.25, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $91.58. The company’s fifty day simple moving average is $75.17 and its 200-day simple moving average is $79.38. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.
Canadian Pacific Kansas City Increases Dividend
The business also recently declared 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 is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is 20.00%.
Canadian Pacific Kansas City Company 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.
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