Swiss National Bank Grows Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Swiss National Bank raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 0.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,820,893 shares of the transportation company's stock after buying an additional 23,000 shares during the quarter. Swiss National Bank owned approximately 0.30% of Canadian Pacific Kansas City worth $241,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Grove Bank & Trust raised its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC raised its holdings in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock valued at $4,410,000 after buying an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT lifted its position in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock valued at $355,000 after buying an additional 131 shares during the last quarter. Trust Co. of Vermont lifted its position in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock valued at $260,000 after buying an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock worth $107,000 after buying an additional 141 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 2.5 %

NYSE CP traded down $1.88 during trading on Friday, reaching $73.99. 4,003,825 shares of the company's stock were exchanged, compared to its average volume of 2,842,437. The company has a 50 day moving average price of $81.44 and a two-hundred day moving average price of $80.64. The stock has a market cap of $69.06 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted 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). The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business 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 $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CP. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a report on Wednesday, October 9th. Stephens decreased their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research note on Monday, October 28th. Citigroup dropped their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a research note on Tuesday, November 12th. Bank of America decreased their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Finally, Barclays lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $93.68.

Canadian Pacific Kansas City 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.