DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $899.81 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,433,380 shares of the transportation company's stock after buying an additional 1,262,913 shares during the quarter. Canadian Pacific Kansas City comprises 0.9% of DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings, making the stock its 26th biggest position. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main owned about 1.33% of Canadian Pacific Kansas City worth $899,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $914,090,000. Causeway Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 76.5% in the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Canadian Pacific Kansas City by 281.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company's stock worth $252,912,000 after purchasing an additional 2,532,519 shares during the last quarter. Invesco Ltd. grew its stake in shares of Canadian Pacific Kansas City by 25.7% in the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock worth $770,526,000 after purchasing an additional 2,177,604 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Canadian Pacific Kansas City by 27.2% in the 4th quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company's stock worth $404,849,000 after purchasing an additional 1,179,108 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 4.3%

Shares of CP stock traded up $3.18 during trading on Monday, hitting $76.52. 3,031,294 shares of the company were exchanged, compared to its average volume of 2,743,168. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market capitalization of $71.20 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 2.00 and a beta of 1.09. The business's 50-day simple moving average is $72.94 and its 200 day simple moving average is $75.04. 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 posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date of this dividend is Friday, June 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.86%. Canadian Pacific Kansas City's payout ratio is 21.28%.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Jefferies Financial Group lowered their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Susquehanna lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a "positive" rating in a research note on Thursday, May 1st. Scotiabank reaffirmed an "outperform" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, May 1st. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average price target of $90.71.

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.