XTX Topco Ltd raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 138.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,279 shares of the transportation company's stock after acquiring an additional 12,338 shares during the quarter. XTX Topco Ltd's holdings in Canadian Pacific Kansas City were worth $1,820,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in CP. S&CO Inc. boosted its position in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank raised its stake in shares of Canadian Pacific Kansas City by 0.8% in the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock valued at $241,645,000 after acquiring an additional 23,000 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $11,810,000. GSA Capital Partners LLP bought a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $696,000. Finally, Raymond James & Associates grew its position in Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company's stock worth $61,321,000 after acquiring an additional 11,416 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on CP shares. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 25th. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a report on Friday, October 11th. Stephens lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research report on Tuesday, November 12th. Finally, Susquehanna raised shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and lowered their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $94.88.
View Our Latest Analysis on CP
Canadian Pacific Kansas City Trading Down 1.4 %
Shares of Canadian Pacific Kansas City stock traded down $1.05 during trading hours on Friday, hitting $75.31. The company's stock had a trading volume of 2,604,628 shares, compared to its average volume of 3,644,011. 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 debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market capitalization of $70.29 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The stock has a 50 day moving average of $78.30 and a 200 day moving average of $80.03.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business's quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date 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 is 19.64%.
Canadian Pacific Kansas City Profile
(
Free Report)
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.
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