Savant Capital LLC decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 86.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,220 shares of the transportation company’s stock after selling 26,279 shares during the period. Savant Capital LLC’s holdings in Canadian Pacific Kansas City were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of CP. Intech Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the first quarter worth $35,000. Sivia Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter worth $206,000. Prudential Financial Inc. grew its stake in shares of Canadian Pacific Kansas City by 8.7% during the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 39.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after purchasing an additional 369 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.
Canadian Pacific Kansas City Stock Performance
NYSE CP opened at $90.07 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $91.50. The company has a market capitalization of $79.91 billion, a PE ratio of 27.80, a P/E/G ratio of 1.92 and a beta of 1.09. The company has a fifty day moving average of $84.36 and a two-hundred day moving average of $79.48.
Canadian Pacific Kansas City Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a $0.268 dividend. This is a boost 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 is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is currently 20.68%.
Analyst Ratings Changes
A number of equities analysts recently commented on CP shares. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research note on Thursday, April 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Friday, May 29th. ATB Cormark Capital Markets downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research note on Friday, April 17th. Finally, Susquehanna reiterated a “positive” rating and set a $104.00 target price on shares of Canadian Pacific Kansas City in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.63.
Check Out 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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