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Skandinaviska Enskilda Banken AB publ Acquires 4,179 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City logo with Transportation background

Key Points

  • Skandinaviska Enskilda Banken AB publ increased its holdings in Canadian Pacific Kansas City Limited by 3.3%, owning 129,118 shares valued at approximately $9.06 million after acquiring an additional 4,179 shares during the first quarter.
  • Canadian Pacific Kansas City announced a quarterly dividend increase to $0.1644 per share, up from $0.13, with a yield of 0.86% and a payout ratio of 22.30%.
  • The company's stock has a market capitalization of $70.56 billion and recorded a year-over-year revenue increase of 8%, with quarterly earnings meeting consensus expectations at $0.74 EPS.
  • MarketBeat previews the top five stocks to own by September 1st.

Skandinaviska Enskilda Banken AB publ increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 129,118 shares of the transportation company's stock after buying an additional 4,179 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in Canadian Pacific Kansas City were worth $9,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Causeway Capital Management LLC raised its position in shares of Canadian Pacific Kansas City by 76.5% in 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 buying an additional 6,687,770 shares in the last quarter. Mackenzie Financial Corp grew its stake 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 worth $1,110,111,000 after purchasing an additional 276,223 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted 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 period. The Manufacturers Life Insurance Company lifted its holdings in Canadian Pacific Kansas City by 2.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company's stock worth $848,794,000 after buying an additional 334,844 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 25.7% during the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after purchasing an additional 2,177,604 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.5%

Shares of NYSE:CP traded down $0.38 during mid-day trading on Wednesday, hitting $75.81. 1,181,277 shares of the company traded hands, compared to its average volume of 3,184,655. The stock has a 50-day moving average price of $80.12 and a two-hundred day moving average price of $76.94. The stock has a market cap of $69.59 billion, a P/E ratio of 25.60, a P/E/G ratio of 2.12 and a beta of 1.07. 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 current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share 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 business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the company earned $0.93 EPS. The company's quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CP. Bank of America boosted their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group reduced 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 report on Wednesday, April 9th. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Stifel Nicolaus dropped 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 note on Monday, April 14th. Finally, The Goldman Sachs Group reiterated 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. Two analysts have rated the stock with a sell rating, four have issued 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 a consensus price target of $91.95.

Get Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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