Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Assetmark Inc.

Assetmark Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the third quarter, HoldingsChannel reports. The firm owned 30,808 shares of the transportation company’s stock after purchasing an additional 713 shares during the period. Assetmark Inc.’s holdings in Canadian Pacific Kansas City were worth $2,635,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its position in shares of Canadian Pacific Kansas City by 1.4% in the 1st quarter. QRG Capital Management Inc. now owns 12,867 shares of the transportation company’s stock worth $1,135,000 after purchasing an additional 175 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in Canadian Pacific Kansas City by 3.8% in the first quarter. Bleakley Financial Group LLC now owns 4,344 shares of the transportation company’s stock valued at $383,000 after buying an additional 161 shares during the last quarter. Trillium Asset Management LLC raised its stake in Canadian Pacific Kansas City by 0.5% during the first quarter. Trillium Asset Management LLC now owns 93,538 shares of the transportation company’s stock valued at $8,252,000 after buying an additional 437 shares in the last quarter. Motco lifted its holdings in Canadian Pacific Kansas City by 797.8% during the 1st quarter. Motco now owns 3,735 shares of the transportation company’s stock worth $329,000 after buying an additional 3,319 shares during the last quarter. Finally, Banco Santander S.A. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $231,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CP shares. Jefferies Financial Group dropped their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Sanford C. Bernstein decreased their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Evercore ISI increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Finally, Citigroup decreased their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $93.68.

Canadian Pacific Kansas City Trading Down 1.1 %

Shares of CP stock opened at $76.03 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58. The firm has a market capitalization of $70.96 billion, a PE ratio of 27.15, a price-to-earnings-growth ratio of 2.28 and a beta of 0.98. The stock has a fifty day moving average of $81.94 and a two-hundred day moving average of $80.74. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 19.64%.

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.