Sei Investments Co. grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 27.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,293,528 shares of the transportation company’s stock after purchasing an additional 275,170 shares during the period. Sei Investments Co.’s holdings in Canadian Pacific Kansas City were worth $101,749,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC lifted its stake 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 during the period. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the first quarter worth about $35,000. Sivia Capital Partners LLC bought a new position in Canadian Pacific Kansas City during the second quarter valued at about $206,000. Prudential Financial Inc. increased its stake in 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 valued at $411,000 after acquiring an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Canadian Pacific Kansas City by 39.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 369 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Canadian Pacific Kansas City Price Performance
Canadian Pacific Kansas City stock opened at $92.40 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. The company has a market capitalization of $81.78 billion, a PE ratio of 28.52, a price-to-earnings-growth ratio of 1.82 and a beta of 1.10. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $93.95. The business has a 50 day simple moving average of $88.71 and a 200 day simple moving average of $83.33.
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 issued a dividend of $0.268 per share. The ex-dividend date of this dividend is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 24.07%.
Analyst Ratings Changes
CP has been the subject of a number of research reports. Citizens Jmp began coverage on Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They issued a “market perform” rating for the company. Canadian Imperial Bank of Commerce upped their target price on Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research note on Thursday, June 25th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 16th. Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Finally, Susquehanna boosted their price target on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. One investment 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $104.91.
Check Out Our Latest Research Report on CP
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.
Featured Articles
- Five stocks we like better than Canadian Pacific Kansas City
- Premium Retail’s Stress Test Is Separating Winners From Losers
- D-Wave Quantum or a Quantum ETF: Which Is the Better Bet?
- GE Vernova Just Sent a Mixed AI Signal to Investors
- Alphabet Crushed Earnings, But One Number Spooked the Market
Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP).
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.
