Markel Group Inc. lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 17.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,500 shares of the transportation company’s stock after buying an additional 9,000 shares during the period. Markel Group Inc.’s holdings in Canadian Pacific Kansas City were worth $4,680,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in CP. Norges Bank purchased a new position in Canadian Pacific Kansas City in the fourth quarter worth about $978,558,000. Janus Henderson Group PLC lifted its stake in shares of Canadian Pacific Kansas City by 586.1% in the 4th quarter. Janus Henderson Group PLC now owns 6,147,835 shares of the transportation company’s stock valued at $452,781,000 after purchasing an additional 5,251,755 shares during the last quarter. FIL Ltd lifted its stake in shares of Canadian Pacific Kansas City by 20.2% in the 4th quarter. FIL Ltd now owns 16,666,777 shares of the transportation company’s stock valued at $1,227,045,000 after purchasing an additional 2,804,686 shares during the last quarter. Canoe Financial LP boosted its holdings in shares of Canadian Pacific Kansas City by 45,389.7% in the 1st quarter. Canoe Financial LP now owns 2,032,478 shares of the transportation company’s stock worth $159,885,000 after purchasing an additional 2,028,010 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Canadian Pacific Kansas City by 206.0% during the 4th quarter. BNP Paribas Financial Markets now owns 2,830,409 shares of the transportation company’s stock valued at $208,403,000 after purchasing an additional 1,905,302 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Trading Down 0.2%
Canadian Pacific Kansas City stock traded down $0.16 during trading hours on Friday, hitting $90.17. The company had a trading volume of 1,723,776 shares, compared to its average volume of 2,433,652. The firm has a market cap of $79.80 billion, a P/E ratio of 27.83, a P/E/G ratio of 1.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.57 and a current ratio of 0.67. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.52. The company has a 50-day moving average price of $87.60 and a two-hundred day moving average price of $82.16.
Canadian Pacific Kansas City Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 24.07%.
Analysts Set New Price Targets
CP has been the subject of several recent analyst reports. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Susquehanna reaffirmed 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. Evercore set a $91.00 price target on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a report on Thursday, June 25th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday. Finally, Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.73.
View Our Latest Analysis on Canadian Pacific Kansas City
About Canadian Pacific Kansas City
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.
Recommended Stories
- Five stocks we like better than Canadian Pacific Kansas City
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.
