2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company increased its holdings in shares of Canadian Pacific Kansas City Limited ( NYSE:CP – Free Report ) (TSE:CP) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,568,212 shares of the transportation company’s stock after purchasing an additional 216,062 shares during the period.
Canadian Pacific Kansas City makes up 0.8% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 13th biggest position. The Manufacturers Life Insurance Company’s holdings in Canadian Pacific Kansas City were worth $909,721,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Accretive Wealth Partners LLC lifted its stake in Canadian Pacific Kansas City by 1.5% in the fourth quarter.
Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Canadian Pacific Kansas City by 4.
3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 19,792 shares of the transportation company’s stock valued at $1,565,000 after purchasing an additional 809 shares during the period.
Hsbc Holdings PLC lifted its holdings in shares of Canadian Pacific Kansas City by 2.8% in the fourth quarter. Hsbc Holdings PLC now owns 337,903 shares of the transportation company’s stock valued at $26,719,000 after purchasing an additional 9,097 shares in the last quarter.
Steward Partners Investment Advisory LLC boosted its position in shares of Canadian Pacific Kansas City by 24.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,588 shares of the transportation company’s stock worth $837,000 after buying an additional 2,059 shares during the period.
Finally, Boston Family Office LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $205,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.
Canadian Pacific Kansas City Price Performance Shares of CP opened at $85.68 on Friday. The company’s 50-day moving average is $82.
27 and its 200-day moving average is $82.45. The company has a debt-to-equity ratio of 0.
42, a current ratio of 0.51 and a quick ratio of 0.44.
The firm has a market capitalization of $79.96 billion, a PE ratio of 27.46, a PEG ratio of 2.
43 and a beta of 0.96. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.
92 and a fifty-two week high of $91.58. Canadian Pacific Kansas City Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th.
Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th.
This represents a $0.55 annualized dividend and a yield of 0.64%.
Canadian Pacific Kansas City’s payout ratio is currently 17.95%. Wall Street Analyst Weigh In A number of equities analysts have weighed in on CP shares.
Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday.
Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research report on Wednesday, July 17th.
Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target on the stock.
Susquehanna restated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group lowered their target price on Canadian Pacific Kansas City from $105.
00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company.
Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $96.59. Check Out Our Latest Analysis 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. See Also 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:CP – Free Report ) (TSE:CP).
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