Financiere des Professionnels Fonds d investissement inc. Takes $11.37 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Financiere des Professionnels Fonds d investissement inc. bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) during the third quarter, Holdings Channel reports. The fund bought 152,779 shares of the transportation company’s stock, valued at approximately $11,368,000. Canadian Pacific Kansas City comprises 1.1% of Financiere des Professionnels Fonds d investissement inc.’s portfolio, making the stock its 16th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. Cetera Investment Advisers increased its holdings in shares of Canadian Pacific Kansas City by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock worth $1,389,000 after buying an additional 559 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Canadian Pacific Kansas City by 69.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after buying an additional 2,263 shares during the period. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after buying an additional 695,215 shares during the period. Baird Financial Group Inc. boosted its position in Canadian Pacific Kansas City by 5.1% during the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after buying an additional 2,417 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of Canadian Pacific Kansas City by 116.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock worth $1,178,000 after purchasing an additional 7,678 shares during the period. Institutional investors own 67.93% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.12 on Thursday, reaching $85.48. The company’s stock had a trading volume of 1,910,380 shares, compared to its average volume of 2,478,262. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.70 and a quick ratio of 0.61. The stock has a market capitalization of $79.67 billion, a P/E ratio of 27.06, a PEG ratio of 2.53 and a beta of 0.94. The stock’s 50 day simple moving average is $77.97 and its two-hundred day simple moving average is $76.53. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $85.93.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a yield of 0.66%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Stephens dropped their target price on shares of Canadian Pacific Kansas City from $79.00 to $78.00 and set an “equal weight” rating for the company in a research report on Friday, October 27th. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a “hold” rating in a research note on Wednesday, January 31st. Royal Bank of Canada decreased their price target on shares of Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Citigroup increased their price target on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.94.

Check Out Our Latest Report on CP

Canadian Pacific Kansas City Profile

(Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

See Also

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

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