Thrivent Financial for Lutherans Purchases 7,573 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Thrivent Financial for Lutherans boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 61.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 19,807 shares of the transportation company's stock after purchasing an additional 7,573 shares during the quarter. Thrivent Financial for Lutherans' holdings in Canadian Pacific Kansas City were worth $1,694,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC purchased a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. Atria Investments Inc lifted its holdings in shares of Canadian Pacific Kansas City by 13.9% during the first quarter. Atria Investments Inc now owns 40,175 shares of the transportation company's stock valued at $3,542,000 after purchasing an additional 4,896 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Canadian Pacific Kansas City by 272.0% during the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock valued at $4,874,000 after buying an additional 40,380 shares during the last quarter. Cetera Advisors LLC increased its holdings in Canadian Pacific Kansas City by 44.7% in the 1st quarter. Cetera Advisors LLC now owns 30,715 shares of the transportation company's stock worth $2,711,000 after buying an additional 9,490 shares in the last quarter. Finally, Transcend Capital Advisors LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $640,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP traded up $1.24 during midday trading on Friday, reaching $76.59. The stock had a trading volume of 1,928,729 shares, compared to its average volume of 2,261,070. The company has a market capitalization of $71.48 billion, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 12-month low of $71.08 and a 12-month high of $91.58. The stock has a 50-day moving average of $79.26 and a 200-day moving average of $80.23. 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 issued 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 firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm 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 annualized dividend and a dividend yield of 0.73%. 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 19.64%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a report on Thursday, October 24th. Stifel Nicolaus cut their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research report on Friday, October 11th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens cut their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Finally, Sanford C. Bernstein lowered their target price on 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. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.