DekaBank Deutsche Girozentrale Reduces Holdings in Canadian Pacific Kansas City Limited $CP

DekaBank Deutsche Girozentrale decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 237,936 shares of the transportation company’s stock after selling 17,785 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Canadian Pacific Kansas City were worth $18,574,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CP. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after buying an additional 6,337,312 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after buying an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $126,928,000. Causeway Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after buying an additional 1,778,984 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Canadian Pacific Kansas City by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company’s stock valued at $351,723,000 after buying an additional 1,516,684 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $76.51 on Thursday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The stock has a market capitalization of $69.38 billion, a PE ratio of 23.83, a P/E/G ratio of 2.14 and a beta of 1.08. The firm has a 50 day moving average of $75.51 and a two-hundred day moving average of $76.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business earned $1.05 EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a 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 dividend payout ratio is 20.56%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CP. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. Stephens raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Citigroup dropped their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Wall Street Zen downgraded Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.38.

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.