OMERS ADMINISTRATION Corp purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 400,000 shares of the transportation company’s stock, valued at approximately $29,488,000.
Several other institutional investors also recently modified their holdings of CP. Intech Investment Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 16.0% in the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after buying an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. Sivia Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $206,000. Prudential Financial Inc. increased its holdings in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after buying an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 39.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after buying an additional 369 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Price Performance
Shares of NYSE:CP opened at $89.22 on Tuesday. The company’s fifty day moving average is $85.73 and its two-hundred day moving average is $80.38. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $91.52. The company has a market cap of $79.15 billion, a P/E ratio of 27.54, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09.
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 paid a dividend of $0.268 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.68%.
Analysts Set New Price Targets
Several research analysts have issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Royal Bank Of Canada dropped their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, Susquehanna reissued a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.22.
Read Our Latest Analysis on Canadian Pacific Kansas City
Canadian Pacific Kansas City Company 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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