Truist Financial Corp lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,500 shares of the transportation company’s stock after selling 2,925 shares during the period. Truist Financial Corp’s holdings in Canadian Pacific Kansas City were worth $7,656,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. BerganKDV Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 193.9% during the 1st quarter. BerganKDV Wealth Management LLC now owns 338 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 223 shares in the last quarter. Stonebridge Capital Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the period. BDO Wealth Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 928.6% in the 4th quarter. BDO Wealth Advisors LLC now owns 360 shares of the transportation company’s stock valued at $27,000 after buying an additional 325 shares during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $29,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 65.84% of the company’s stock.
Canadian Pacific Kansas City Trading Down 0.2 %
Shares of Canadian Pacific Kansas City stock opened at $80.99 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $65.17 and a 1 year high of $85.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.58 and a current ratio of 0.67. The company has a market capitalization of $75.43 billion, a P/E ratio of 23.54, a PEG ratio of 2.82 and a beta of 1.01. The company’s fifty day moving average is $79.82 and its two-hundred day moving average is $78.65.
Canadian Pacific Kansas City Increases Dividend
Analyst Upgrades and Downgrades
CP has been the subject of several analyst reports. Credit Suisse Group increased their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday. StockNews.com began coverage on shares of Canadian Pacific Kansas City in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $98.00 and gave the stock a “positive” rating in a research report on Friday, July 28th. BMO Capital Markets began coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They set an “outperform” rating for the company. Finally, The Goldman Sachs Group began coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 6th. They set a “buy” rating for the company. Five 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.00.
Get Our Latest Research Report on Canadian Pacific Kansas City
About Canadian Pacific Kansas City
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.
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