Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Deutsche Bank AG

Deutsche Bank AG raised its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,291,453 shares of the transportation company's stock after acquiring an additional 85,510 shares during the quarter. Deutsche Bank AG owned approximately 0.14% of Canadian Pacific Kansas City worth $93,462,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CP. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after buying an additional 1,262,913 shares in the last quarter. Eagle Global Advisors LLC increased its position in Canadian Pacific Kansas City by 3.1% in the fourth quarter. Eagle Global Advisors LLC now owns 132,134 shares of the transportation company's stock worth $9,563,000 after buying an additional 3,980 shares in the last quarter. Concentric Capital Strategies LP purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $1,521,000. Concorde Financial Corp increased its position in Canadian Pacific Kansas City by 0.8% in the fourth quarter. Concorde Financial Corp now owns 39,323 shares of the transportation company's stock worth $2,851,000 after buying an additional 318 shares in the last quarter. Finally, Consulta Ltd increased its position in Canadian Pacific Kansas City by 78.6% in the fourth quarter. Consulta Ltd now owns 2,500,000 shares of the transportation company's stock worth $180,925,000 after buying an additional 1,100,000 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Loop Capital cut Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada cut their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $90.71.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up $0.47 on Thursday, hitting $81.75. The company had a trading volume of 4,127,421 shares, compared to its average volume of 2,788,058. The firm has a market cap of $76.06 billion, a P/E ratio of 28.19, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09. The company has a 50-day moving average price of $73.02 and a 200-day moving average price of $75.10. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 EPS. As a group, equities research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.80%. Canadian Pacific Kansas City's dividend payout ratio is presently 21.28%.

About Canadian Pacific Kansas City

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.