Essex Savings Bank Buys New Shares in Canadian Pacific Kansas City Limited (NYSE:CP)

Essex Savings Bank bought a new position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,961 shares of the transportation company’s stock, valued at approximately $234,000.

A number of other institutional investors have also bought and sold shares of the business. Lavaca Capital LLC purchased a new position in shares of Canadian Pacific Kansas City in the second quarter worth $8,077,000. Element Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at about $7,815,000. SG Americas Securities LLC grew its position in shares of Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares in the last quarter. Scopus Asset Management L.P. bought a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $10,096,000. Finally, WCM Investment Management LLC lifted its position in shares of Canadian Pacific Kansas City by 21.8% in the third quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after buying an additional 6,819,305 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Citigroup lifted their price objective on 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. Susquehanna lowered their price objective on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Scotiabank reissued a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.88.

Get Our Latest Stock Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Trading Down 1.0 %

CP stock opened at $87.04 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The firm’s 50-day moving average is $85.76 and its 200 day moving average is $78.48. The company has a market capitalization of $81.16 billion, a PE ratio of 27.72, a P/E/G ratio of 2.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its earnings results on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.22 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a yield of 0.65%. Canadian Pacific Kansas City’s payout ratio is 17.83%.

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.

Featured Stories

Want to see what other hedge funds are holding CP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP).

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

Receive News & Ratings for Canadian Pacific Kansas City Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Pacific Kansas City and related companies with MarketBeat.com's FREE daily email newsletter.