Hillsdale Investment Management Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 21.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 154,946 shares of the transportation company’s stock after acquiring an additional 27,060 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $11,428,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of CP. Invesco Ltd. grew its holdings in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock worth $1,722,841,000 after buying an additional 3,585,030 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Canadian Pacific Kansas City by 281.2% during the third quarter. Lazard Asset Management LLC now owns 1,379,393 shares of the transportation company’s stock worth $102,711,000 after buying an additional 1,017,576 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Canadian Pacific Kansas City by 1,840.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,072,760 shares of the transportation company’s stock worth $78,987,000 after buying an additional 1,017,464 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Canadian Pacific Kansas City by 818,578.8% during the third quarter. BNP Paribas Financial Markets now owns 925,107 shares of the transportation company’s stock worth $68,911,000 after buying an additional 924,994 shares in the last quarter. Finally, QV Investors Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter worth $53,667,000. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Stock Down 1.5%
CP stock opened at $89.26 on Friday. The stock’s fifty day simple moving average is $83.32 and its two-hundred day simple moving average is $78.84. 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 Limited has a 1-year low of $68.42 and a 1-year high of $91.46. The stock has a market cap of $79.24 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.94 and a beta of 1.09.
Canadian Pacific Kansas City Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be given a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is presently 20.68%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Citigroup upped their price target on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein upped their price target on 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. Royal Bank Of Canada decreased their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.89.
Get Our Latest Research Report on Canadian Pacific Kansas City
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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