DekaBank Deutsche Girozentrale Has $22.51 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

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

Other institutional investors have also recently bought and sold shares of the company. YCG LLC boosted its stake in shares of Canadian Pacific Kansas City by 32.5% in the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after purchasing an additional 91,276 shares in the last quarter. JARISLOWSKY FRASER Ltd boosted its stake in shares of 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 valued at $7,127,000 after purchasing an additional 34,856 shares in the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $207,850,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Canadian Pacific Kansas City by 5.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after buying an additional 14,557 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Canadian Pacific Kansas City by 4.4% during 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 buying an additional 507,177 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of several research reports. Bank of America reduced 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 report on Thursday, April 25th. Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Susquehanna reiterated a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research report on Wednesday. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

Canadian Pacific Kansas City Stock Down 1.9 %

NYSE:CP traded down $1.56 during trading hours on Friday, reaching $78.81. 2,246,177 shares of the stock were exchanged, compared to its average volume of 1,966,746. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a 50 day moving average of $79.80 and a 200 day moving average of $82.76. The stock has a market cap of $73.53 billion, a PE ratio of 25.26, a PEG ratio of 2.27 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results 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. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm posted $0.62 EPS. The business’s revenue was up 13.5% on a year-over-year basis. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

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

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.