DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 757.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,303,549 shares of the transportation company’s stock after purchasing an additional 3,801,910 shares during the quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned approximately 0.46% of Canadian Pacific Kansas City worth $342,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Commerce Bank grew its stake in shares of Canadian Pacific Kansas City by 0.3% during the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after buying an additional 144 shares during the period. Accretive Wealth Partners LLC grew its position in Canadian Pacific Kansas City by 1.5% during the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after acquiring an additional 145 shares during the period. Claret Asset Management Corp increased its stake in Canadian Pacific Kansas City by 0.7% during the third quarter. Claret Asset Management Corp now owns 24,245 shares of the transportation company’s stock worth $1,803,000 after acquiring an additional 162 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its holdings in shares of Canadian Pacific Kansas City by 1.5% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock worth $974,000 after purchasing an additional 182 shares during the period. Finally, Evergreen Capital Management LLC lifted its stake in shares of Canadian Pacific Kansas City by 3.2% in the 3rd quarter. Evergreen Capital Management LLC now owns 6,362 shares of the transportation company’s stock valued at $474,000 after purchasing an additional 195 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.2 %

Shares of Canadian Pacific Kansas City stock traded up $0.19 during trading on Friday, reaching $76.38. The company had a trading volume of 1,076,706 shares, compared to its average volume of 2,163,554. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The firm’s fifty day moving average is $81.42 and its 200-day moving average is $81.65. The company has a market cap of $71.24 billion, a price-to-earnings ratio of 24.53, a price-to-earnings-growth ratio of 2.17 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (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 the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.59 billion. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target on the stock. Bank of America reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $96.32.

View Our Latest Stock Report on CP

Canadian Pacific Kansas City Company Profile

(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.

See Also

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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