Cerity Partners LLC Grows Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Cerity Partners LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,567 shares of the transportation company's stock after purchasing an additional 20,220 shares during the period. Cerity Partners LLC's holdings in Canadian Pacific Kansas City were worth $6,977,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CP. Mirova US LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake 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 valued at $165,419,000 after buying an additional 1,678,784 shares in the last quarter. Wulff Hansen & CO. lifted its holdings 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 worth $74,282,000 after buying an additional 932,216 shares during the last quarter. AGF Management Ltd. boosted its position in shares of Canadian Pacific Kansas City by 86.5% during the 2nd quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock worth $125,094,000 after acquiring an additional 735,816 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of Canadian Pacific Kansas City by 5.5% during the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock worth $1,088,155,000 after acquiring an additional 723,188 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CP. Sanford C. Bernstein reduced their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research report on Wednesday, October 9th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Bank of America reduced their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Evercore ISI raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Finally, Susquehanna upgraded Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their price target for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $0.96 during trading on Thursday, reaching $75.35. The company had a trading volume of 2,796,960 shares, compared to its average volume of 2,262,514. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $69.66 and a twelve month high of $91.58. The stock has a 50-day moving average price of $79.45 and a two-hundred day moving average price of $80.28. The stock has a market capitalization of $70.33 billion, a PE ratio of 26.91, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98.

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 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. The company's revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.06 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. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.74%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.00%.

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.