Bank Julius Baer & Co. Ltd Zurich lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 141,932 shares of the transportation company’s stock after selling 7,657 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Canadian Pacific Kansas City were worth $10,516,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Watch Advisors INC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $36,000. Cornerstone Planning Group LLC boosted its holdings in shares of Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 335 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Aventura Private Wealth LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth $37,000. Finally, McIlrath & Eck LLC increased its holdings in Canadian Pacific Kansas City by 475.3% in the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after purchasing an additional 423 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Trading Up 1.4%
NYSE CP opened at $86.86 on Friday. The business’s 50-day moving average price is $82.27 and its two-hundred day moving average price is $77.67. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $89.42. The firm has a market capitalization of $77.11 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.83 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46.
Canadian Pacific Kansas City Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 24.07%.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on CP shares. Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. ATB Cormark Capital Markets downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.30.
View Our Latest Stock Report on CP
Canadian Pacific Kansas City Profile
Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.
CPKC’s core business is freight transportation and related logistics services.
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