Groupama Asset Managment Raises Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Groupama Asset Managment lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 756,134 shares of the transportation company's stock after buying an additional 68,487 shares during the period. Groupama Asset Managment owned approximately 0.08% of Canadian Pacific Kansas City worth $65,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Mirova US LLC bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth approximately $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in Canadian Pacific Kansas City by 398.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock worth $165,419,000 after purchasing an additional 1,678,784 shares during the last quarter. National Bank of Canada FI grew its position in Canadian Pacific Kansas City by 84.4% in the 3rd quarter. National Bank of Canada FI now owns 2,945,383 shares of the transportation company's stock worth $251,778,000 after purchasing an additional 1,348,474 shares during the period. Wulff Hansen & CO. raised its stake in Canadian Pacific Kansas City by 8,261.4% during the 2nd quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock valued at $74,282,000 after buying an additional 932,216 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $63,179,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.03 during midday trading on Tuesday, hitting $75.61. The company's stock had a trading volume of 1,963,050 shares, compared to its average volume of 2,275,421. The firm has a market capitalization of $70.57 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $72.22 and a 12 month high of $91.58. The company has a 50 day moving average of $78.10 and a two-hundred day moving average of $80.00.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the company posted $0.69 EPS. Canadian Pacific Kansas City's revenue was up 6.3% compared to the same quarter last year. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CP shares. Evercore ISI upped their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $94.88.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.