Canadian Pacific Kansas City Limited (NYSE:CP) Holdings Raised by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.4% in the first quarter, Holdings Channel reports. The institutional investor owned 334,189 shares of the transportation company’s stock after acquiring an additional 1,215 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian Pacific Kansas City were worth $23,450,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in shares of Canadian Pacific Kansas City by 34.4% during the 4th quarter. LPL Financial LLC now owns 258,075 shares of the transportation company’s stock valued at $18,677,000 after purchasing an additional 66,125 shares in the last quarter. NEOS Investment Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 80.1% during the 4th quarter. NEOS Investment Management LLC now owns 6,911 shares of the transportation company’s stock valued at $500,000 after purchasing an additional 3,074 shares in the last quarter. Allianz SE bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $463,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Canadian Pacific Kansas City by 873.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 841,273 shares of the transportation company’s stock valued at $60,856,000 after purchasing an additional 754,853 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Canadian Pacific Kansas City by 7.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 62,551 shares of the transportation company’s stock valued at $4,766,000 after purchasing an additional 4,123 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $75.92 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a fifty day moving average price of $80.24 and a two-hundred day moving average price of $76.95. The company has a market cap of $69.69 billion, a PE ratio of 25.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts’ consensus estimates of $0.74. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Friday, June 27th were issued a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.87%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date was Friday, June 27th. Canadian Pacific Kansas City’s payout ratio is presently 22.30%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of recent research reports. Bank of America raised their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a report on Friday, May 16th. Citigroup raised their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, Barclays raised their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $91.95.

Canadian Pacific Kansas City 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.