Deutsche Bank AG Grows Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Deutsche Bank AG lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,291,453 shares of the transportation company’s stock after acquiring an additional 85,510 shares during the quarter. Deutsche Bank AG’s holdings in Canadian Pacific Kansas City were worth $93,462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $914,090,000. Causeway Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of Canadian Pacific Kansas City by 281.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock worth $252,912,000 after purchasing an additional 2,532,519 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Canadian Pacific Kansas City by 25.7% in the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Canadian Pacific Kansas City by 11.3% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock valued at $899,805,000 after purchasing an additional 1,262,913 shares in the last quarter. 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 $73.31 on Monday. The company has a market cap of $68.21 billion, a P/E ratio of 25.28, a PEG ratio of 2.00 and a beta of 1.09. The business has a 50 day moving average of $72.94 and a two-hundred day moving average of $75.04. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.90%. Canadian Pacific Kansas City’s payout ratio is 21.28%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group reduced their price objective 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $90.71.

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.