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Y Intercept Hong Kong Ltd Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Canadian Pacific Kansas City logo with Transportation background

Y Intercept Hong Kong Ltd boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 374.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,762 shares of the transportation company's stock after acquiring an additional 21,124 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Canadian Pacific Kansas City were worth $1,879,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CP. Norges Bank purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $914,090,000. Causeway Capital Management LLC increased its holdings in 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 worth $1,116,632,000 after purchasing an additional 6,687,770 shares during the period. Invesco Ltd. increased its holdings in Canadian Pacific Kansas City by 25.7% during 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 period. Allspring Global Investments Holdings LLC increased its holdings in Canadian Pacific Kansas City by 44.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock worth $351,723,000 after purchasing an additional 1,516,684 shares during the period. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Canadian Pacific Kansas City by 11.3% during 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 purchasing an additional 1,262,913 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 price target on shares of Canadian Pacific Kansas City in a report on Monday, June 2nd. Barclays upped their price target on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Bank of America upped their price target on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Evercore ISI cut their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $91.95.

Get Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded up $0.72 during mid-day trading on Friday, reaching $76.86. 2,593,114 shares of the stock were exchanged, compared to its average volume of 2,624,872. The company has a 50 day simple moving average of $80.35 and a 200-day simple moving average of $76.93. The stock has a market capitalization of $70.56 billion, a P/E ratio of 25.97, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. Analysts anticipate 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 company also recently declared 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 represents a $0.66 dividend on an annualized basis and a yield of 0.86%. The ex-dividend date of this dividend is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 22.30%.

About Canadian Pacific Kansas City

(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.

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

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