3,060 Shares in Canadian Pacific Kansas City Limited (NYSE:CP) Acquired by Bridges Investment Management Inc.

Bridges Investment Management Inc. bought a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,060 shares of the transportation company's stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC boosted its position in Canadian Pacific Kansas City by 76.5% during the fourth 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 in the last quarter. Mackenzie Financial Corp increased its position in shares of Canadian Pacific Kansas City by 1.8% in the fourth quarter. Mackenzie Financial Corp now owns 15,348,282 shares of the transportation company's stock valued at $1,110,111,000 after buying an additional 276,223 shares in the last quarter. Norges Bank purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Canadian Pacific Kansas City by 11.3% in the 4th 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 acquiring an additional 1,262,913 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CP shares. Susquehanna reissued a "positive" rating and set a $94.00 target price (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Jefferies Financial Group dropped their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $91.95.

Canadian Pacific Kansas City Trading Down 0.6%

Canadian Pacific Kansas City stock traded down $0.45 during trading on Monday, hitting $81.25. The company had a trading volume of 2,299,530 shares, compared to its average volume of 2,818,682. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. The company's 50 day simple moving average is $79.97 and its 200-day simple moving average is $76.63. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $87.72. The stock has a market cap of $74.86 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 2.28 and a beta of 1.07.

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, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. Canadian Pacific Kansas City's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, analysts expect 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. Investors of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a yield of 0.81%. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.30%.

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.