Financial Counselors Inc. Has $13.76 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Financial Counselors Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 160,878 shares of the transportation company’s stock after buying an additional 4,917 shares during the quarter. Financial Counselors Inc.’s holdings in Canadian Pacific Kansas City were worth $13,762,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CP. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Canadian Pacific Kansas City by 0.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 325,689 shares of the transportation company’s stock valued at $27,886,000 after purchasing an additional 1,428 shares in the last quarter. FORA Capital LLC boosted its stake in shares of Canadian Pacific Kansas City by 71.8% during the third quarter. FORA Capital LLC now owns 29,788 shares of the transportation company’s stock valued at $2,548,000 after purchasing an additional 12,445 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Canadian Pacific Kansas City by 4,194,400.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,945 shares of the transportation company’s stock valued at $3,587,000 after purchasing an additional 41,944 shares in the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Canadian Pacific Kansas City by 0.7% during the third quarter. Glenmede Trust Co. NA now owns 40,218 shares of the transportation company’s stock valued at $3,440,000 after purchasing an additional 262 shares in the last quarter. Finally, Soros Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at about $1,297,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Stifel Nicolaus cut their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their price objective for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Bank of America lowered their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $94.88.

Canadian Pacific Kansas City Trading Up 1.3 %

Shares of CP stock opened at $75.35 on Friday. The company has a market cap of $70.33 billion, a P/E ratio of 26.91, a PEG ratio of 2.28 and a beta of 0.98. The stock has a 50 day simple moving average of $79.45 and a two-hundred day simple moving average of $80.28. 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 fifty-two week low of $69.66 and a fifty-two week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The business 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 revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is currently 20.00%.

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.