Notis McConarty Edward acquired a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,500 shares of the transportation company’s stock, valued at approximately $436,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in shares of Canadian Pacific Kansas City by 0.6% during the 2nd quarter. Maryland State Retirement & Pension System now owns 88,027 shares of the transportation company’s stock worth $6,981,000 after purchasing an additional 529 shares during the period. Dempze Nancy E grew its stake in shares of Canadian Pacific Kansas City by 27.7% during the 2nd quarter. Dempze Nancy E now owns 5,134 shares of the transportation company’s stock worth $407,000 after purchasing an additional 1,114 shares during the period. Narwhal Capital Management grew its stake in shares of Canadian Pacific Kansas City by 3.4% during the 2nd quarter. Narwhal Capital Management now owns 149,218 shares of the transportation company’s stock worth $11,829,000 after purchasing an additional 4,932 shares during the period. Mirova US LLC grew its stake in shares of Canadian Pacific Kansas City by 1.2% during the 2nd quarter. Mirova US LLC now owns 2,182,880 shares of the transportation company’s stock worth $173,037,000 after purchasing an additional 25,345 shares during the period. Finally, Triasima Portfolio Management inc. acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $2,989,000. Institutional investors and hedge funds own 72.20% of the company’s stock.
Canadian Pacific Kansas City Trading Down 0.1%
Shares of CP opened at $77.68 on Thursday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm’s fifty day moving average is $75.25 and its two-hundred day moving average is $76.44. The stock has a market cap of $70.45 billion, a PE ratio of 24.20, a price-to-earnings-growth ratio of 2.18 and a beta of 1.08.
Canadian Pacific Kansas City Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.
Wall Street Analyst Weigh In
CP has been the topic of a number of research analyst reports. Barclays set a $90.00 price target on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. Susquehanna dropped their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. Finally, Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.85.
View Our Latest Report on Canadian Pacific Kansas City
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.
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