Zurcher Kantonalbank Zurich Cantonalbank Has $24.10 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,974 shares of the transportation company's stock after acquiring an additional 7,285 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Canadian Pacific Kansas City were worth $24,097,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CP. S&CO Inc. boosted its stake in Canadian Pacific Kansas City by 183.3% in the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock worth $1,454,000 after purchasing an additional 11,000 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $2,602,000. Swiss National Bank increased its position in Canadian Pacific Kansas City by 0.8% in 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 in the last quarter. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at about $262,000. Finally, Barclays PLC raised its stake in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company's stock worth $250,602,000 after acquiring an additional 81,111 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.7 %

CP opened at $73.08 on Wednesday. The firm's fifty day moving average is $76.87 and its two-hundred day moving average is $78.37. The firm has a market cap of $68.23 billion, a PE ratio of 25.20, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month 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.

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Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.72%. Canadian Pacific Kansas City's payout ratio is 17.93%.

Wall Street Analyst Weigh In

CP has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating on the stock in a research note on Thursday, January 16th. Stephens lifted their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a research note on Thursday, January 30th. Barclays dropped their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Susquehanna dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating for the company in a report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $95.45.

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.

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