Allianz Asset Management GmbH Sells 193,164 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Allianz Asset Management GmbH reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 22.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 658,690 shares of the transportation company's stock after selling 193,164 shares during the period. Allianz Asset Management GmbH owned about 0.07% of Canadian Pacific Kansas City worth $46,219,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company's stock valued at $2,662,978,000 after purchasing an additional 491,966 shares during the last quarter. Causeway Capital Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after buying an additional 6,687,770 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Canadian Pacific Kansas City by 1.8% in the 4th 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 bought a new stake in shares of Canadian Pacific Kansas City in 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 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 during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded up $0.72 on Friday, hitting $76.86. 2,593,114 shares of the company were exchanged, compared to its average volume of 2,624,872. The company's 50 day moving average price is $80.35 and its two-hundred day moving average price is $76.93. The firm has a market capitalization of $70.56 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 2.15 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results 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 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%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 earnings per share. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company 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 $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.30%.

Analysts Set New Price Targets

CP has been the topic of several analyst reports. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Stifel Nicolaus lowered their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup raised their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Jefferies Financial Group decreased their price target on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.95.

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.