DekaBank Deutsche Girozentrale Acquires 17,785 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

DekaBank Deutsche Girozentrale increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 7.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 255,721 shares of the transportation company's stock after buying an additional 17,785 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in Canadian Pacific Kansas City were worth $17,541,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings 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 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 valued at $1,116,632,000 after purchasing an additional 6,687,770 shares during the last quarter. Mackenzie Financial Corp boosted its position in Canadian Pacific Kansas City by 1.8% during 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 purchasing an additional 276,223 shares during the last quarter. Norges Bank acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $914,090,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Canadian Pacific Kansas City by 11.3% during 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 valued at $899,805,000 after purchasing an additional 1,262,913 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $0.78 during mid-day trading on Friday, reaching $81.63. 2,537,994 shares of the company were exchanged, compared to its average volume of 2,814,953. The company has a fifty day simple moving average of $79.97 and a 200-day simple moving average of $76.58. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The firm has a market cap of $75.21 billion, a PE ratio of 27.58, a PEG ratio of 2.30 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the company earned $0.93 EPS. The company's revenue was up 8.0% on a year-over-year basis. As a group, equities research analysts expect 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price objective 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. Barclays raised their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research report on Thursday. Wall Street Zen cut Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Stifel Nicolaus cut their price objective on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Finally, Bank of America raised their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average price target of $91.95.

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.