OLD National Bancorp IN Has $578,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

OLD National Bancorp IN lifted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,311 shares of the transportation company’s stock after acquiring an additional 241 shares during the period. OLD National Bancorp IN’s holdings in Canadian Pacific Kansas City were worth $578,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CP. Vanguard Group Inc. lifted its holdings in shares of Canadian Pacific Kansas City by 1.5% in the third quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock worth $2,511,546,000 after acquiring an additional 483,138 shares during the last quarter. FMR LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.8% in the third quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock worth $2,304,549,000 after acquiring an additional 553,163 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Canadian Pacific Kansas City by 5.9% in the fourth quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after acquiring an additional 787,608 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 0.9% in the third quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock worth $711,045,000 after acquiring an additional 86,525 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of Canadian Pacific Kansas City by 0.4% in the third quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock worth $617,332,000 after acquiring an additional 36,287 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CP has been the subject of several analyst reports. Raymond James raised their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a report on Monday. Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 price target for the company. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Finally, Bank of America raised their price target on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Trading Down 6.6 %

NYSE CP opened at $81.93 on Thursday. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The business’s fifty day moving average is $87.18 and its 200-day moving average is $79.73. The stock has a market capitalization of $76.41 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The firm had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

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.