Wilmington Savings Fund Society FSB purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 23,363 shares of the transportation company's stock, valued at approximately $1,998,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Grove Bank & Trust raised its stake in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $34,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CP. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and cut their price target for the company from $94.00 to $92.00 in a report on Thursday, October 24th. Citigroup lowered their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Bank of America dropped their target price on 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. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Finally, Sanford C. Bernstein reduced their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $94.88.
Get Our Latest Report on CP
Canadian Pacific Kansas City Stock Performance
Shares of NYSE:CP traded down $0.29 on Friday, hitting $74.37. 2,985,968 shares of the company were exchanged, compared to its average volume of 2,284,968. The company's 50 day moving average price is $77.48 and its two-hundred day moving average price is $79.87. The firm has a market capitalization of $69.42 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.26 and a beta of 0.96. 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 Limited has a one year low of $72.29 and a one year high of $91.58.
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 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the company posted $0.69 earnings per share. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.
Canadian Pacific Kansas City Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 20.00%.
Canadian Pacific Kansas City Company Profile
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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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