DekaBank Deutsche Girozentrale Sells 31,828 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

DekaBank Deutsche Girozentrale lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 255,721 shares of the transportation company’s stock after selling 31,828 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Canadian Pacific Kansas City were worth $22,512,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. YCG LLC boosted its stake in Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after purchasing an additional 91,276 shares during the period. JARISLOWSKY FRASER Ltd boosted its stake in Canadian Pacific Kansas City by 63.6% in the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after purchasing an additional 34,856 shares during the period. Meritage Group LP bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $207,850,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Canadian Pacific Kansas City by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Canadian Pacific Kansas City by 4.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock worth $948,585,000 after purchasing an additional 507,177 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.9 %

Shares of CP stock traded down $1.56 during trading hours on Friday, reaching $78.81. The company’s stock had a trading volume of 2,246,177 shares, compared to its average volume of 1,966,746. The stock has a market capitalization of $73.53 billion, a P/E ratio of 25.26, a P/E/G ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The firm’s fifty day simple moving average is $79.80 and its 200 day simple moving average is $82.76. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The firm had revenue of $3.60 billion for the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $0.62 EPS. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.11 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Barclays lowered their price target on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Sanford C. Bernstein raised their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Stifel Nicolaus raised their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Raymond James raised their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Twelve research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.70.

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.