Northwestern Mutual Wealth Management Co. bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 68,034 shares of the transportation company’s stock, valued at approximately $5,895,000.
Several other large investors have also made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Canadian Pacific Kansas City by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $1,983,000. Saranac Partners Ltd acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $5,973,000. WGI DM LLC grew its position in Canadian Pacific Kansas City by 3.9% during the 4th quarter. WGI DM LLC now owns 437,824 shares of the transportation company’s stock worth $32,237,000 after acquiring an additional 16,282 shares during the last quarter. Finally, Rathbones Group PLC grew its position in Canadian Pacific Kansas City by 5.9% during the 4th quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after acquiring an additional 95,727 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Stock Up 0.1%
Shares of CP opened at $96.81 on Monday. The business’s fifty day moving average price is $90.21 and its two-hundred day moving average price is $86.24. The firm has a market capitalization of $85.04 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 1.89 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $96.90. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59.
Canadian Pacific Kansas City Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on CP shares. Citizens Jmp started coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Susquehanna raised their target price on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research note on Tuesday, July 14th. Wells Fargo & Company raised their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Finally, Evercore set a $99.00 price target on Canadian Pacific Kansas City in a report on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.60.
Get Our Latest Stock 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.
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