Park National Corp OH Acquires Shares of 6,799 Canadian Pacific Kansas City Limited (NYSE:CP)

Park National Corp OH purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,799 shares of the transportation company's stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CP. S&CO Inc. boosted its position in shares of Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after buying an additional 11,000 shares during the period. Swiss National Bank boosted its holdings in Canadian Pacific Kansas City by 0.8% during the 3rd 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 period. Barclays PLC grew its position in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock valued at $250,602,000 after acquiring an additional 81,111 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter worth about $11,810,000. Finally, Toronto Dominion Bank lifted its position in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company's stock worth $178,189,000 after purchasing an additional 352,534 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Wells Fargo & Company dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a report on Tuesday. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Citigroup reduced their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Sanford C. Bernstein lowered their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Finally, Barclays lifted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $93.56.

Canadian Pacific Kansas City Stock Down 1.1 %

Shares of Canadian Pacific Kansas City stock traded down $0.84 during trading hours on Thursday, hitting $76.29. The company had a trading volume of 2,792,800 shares, compared to its average volume of 2,770,420. 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's 50-day moving average is $75.16 and its two-hundred day moving average is $79.36. The company has a market cap of $71.21 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) 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 company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The business's revenue was up 6.3% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current fiscal 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 given a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City's payout ratio is 20.00%.

Canadian Pacific Kansas City Company Profile

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.