Canadian Pacific Kansas City Limited (NYSE:CP) Position Lifted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 2.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,648 shares of the transportation company’s stock after purchasing an additional 673 shares during the period. Assenagon Asset Management S.A.’s holdings in Canadian Pacific Kansas City were worth $2,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 34,337,847 shares of the transportation company’s stock worth $2,714,750,000 after purchasing an additional 585,049 shares during the period. FMR LLC increased its holdings in shares of Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock worth $2,304,549,000 after acquiring an additional 553,163 shares during the period. TD Asset Management Inc increased its holdings in shares of Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock worth $1,122,370,000 after acquiring an additional 787,608 shares during the period. Finally, Veritas Asset Management LLP increased its holdings in shares of Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after acquiring an additional 243,210 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $1.44 during trading on Tuesday, reaching $81.21. The stock had a trading volume of 1,415,155 shares, compared to its average volume of 2,112,206. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The firm has a market capitalization of $75.75 billion, a price-to-earnings ratio of 26.05, a P/E/G ratio of 2.32 and a beta of 0.96. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a fifty day simple moving average of $85.23 and a two-hundred day simple moving average of $81.01.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.63%.

Wall Street Analysts Forecast Growth

CP has been the topic of several research analyst reports. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Barclays raised their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Evercore lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Finally, Raymond James raised their target price on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $96.67.

Check Out Our Latest Stock Report on CP

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.

Further Reading

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

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