Zurcher Kantonalbank Zurich Cantonalbank Buys 1,428 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,689 shares of the transportation company’s stock after acquiring an additional 1,428 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian Pacific Kansas City were worth $27,886,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CP. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Tower View Wealth Management LLC boosted its stake in Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after buying an additional 130 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in Canadian Pacific Kansas City by 3.0% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares in the last quarter. Trust Co. of Vermont raised its stake in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after acquiring an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Canadian Pacific Kansas City by 12.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after acquiring an additional 141 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

CP has been the topic of several analyst reports. Barclays upped their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Stephens reduced their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.88.

Canadian Pacific Kansas City Trading Up 1.7 %

NYSE CP opened at $76.62 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $71.08 and a 12 month high of $91.58. The stock has a 50-day simple moving average of $79.26 and a 200 day simple moving average of $80.24. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $71.51 billion, a PE ratio of 27.36, a P/E/G ratio of 2.23 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.69 earnings per share. Research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

Canadian Pacific Kansas City 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.