DekaBank Deutsche Girozentrale Sells 17,785 Shares of Canadian Pacific Kansas City Limited $CP

DekaBank Deutsche Girozentrale lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 237,936 shares of the transportation company’s stock after selling 17,785 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Canadian Pacific Kansas City were worth $18,574,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. Wealth Enhancement Advisory Services LLC raised its stake in shares of Canadian Pacific Kansas City by 8.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 113,117 shares of the transportation company’s stock valued at $7,942,000 after acquiring an additional 8,627 shares in the last quarter. Golden State Wealth Management LLC raised its stake in Canadian Pacific Kansas City by 85.8% in the first quarter. Golden State Wealth Management LLC now owns 3,278 shares of the transportation company’s stock worth $230,000 after buying an additional 1,514 shares in the last quarter. Value Partners Investments Inc. grew its holdings in shares of Canadian Pacific Kansas City by 1,027.2% during the first quarter. Value Partners Investments Inc. now owns 517,900 shares of the transportation company’s stock valued at $36,382,000 after buying an additional 471,953 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 3.6% during the first quarter. Sequoia Financial Advisors LLC now owns 12,909 shares of the transportation company’s stock valued at $906,000 after buying an additional 448 shares during the last quarter. Finally, PDS Planning Inc grew its holdings in shares of Canadian Pacific Kansas City by 4.0% during the first quarter. PDS Planning Inc now owns 5,604 shares of the transportation company’s stock valued at $393,000 after buying an additional 214 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

CP has been the topic of several recent research reports. Stephens upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, October 8th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Stock Up 1.2%

CP stock opened at $76.51 on Thursday. The company has a market cap of $69.38 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.14 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The firm has a 50-day moving average of $75.51 and a two-hundred day moving average of $76.76.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.05 EPS. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a $0.1651 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

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.