Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,147 shares of the transportation company’s stock after acquiring an additional 2,306 shares during the period. D.A. Davidson & CO.’s holdings in Canadian Pacific Kansas City were worth $2,700,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 32.5% during the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after acquiring an additional 91,276 shares in the last quarter. SG Americas Securities LLC increased its holdings in Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after acquiring an additional 12,748 shares in the last quarter. Element Capital Management LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Canadian Pacific Kansas City by 26.3% in the fourth quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock valued at $4,577,000 after purchasing an additional 12,036 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $0.55 during trading hours on Friday, hitting $79.83. 4,585,295 shares of the company traded hands, compared to its average volume of 2,263,807. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a 50-day moving average of $84.41 and a 200 day moving average of $81.08. The stock has a market capitalization of $74.46 billion, a price-to-earnings ratio of 25.59, a P/E/G ratio of 2.25 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Analyst Ratings Changes

CP has been the topic of a number of recent research reports. Barclays boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 price target on the stock. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Finally, Evercore ISI reduced their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $96.67.

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.