Truist Financial Corp cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 2.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Wealth Asset Management LLC raised its position in Canadian Pacific Kansas City by 0.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 16,119 shares of the transportation company’s stock valued at $1,240,000 after acquiring an additional 127 shares in the last quarter. Geneos Wealth Management Inc. raised its position in Canadian Pacific Kansas City by 3.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,261 shares of the transportation company’s stock valued at $318,000 after acquiring an additional 130 shares in the last quarter. Arkadios Wealth Advisors raised its position in Canadian Pacific Kansas City by 4.4% during the first quarter. Arkadios Wealth Advisors now owns 3,148 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 132 shares in the last quarter. Bahl & Gaynor Inc. raised its position in Canadian Pacific Kansas City by 1.7% during the fourth quarter. Bahl & Gaynor Inc. now owns 8,051 shares of the transportation company’s stock valued at $601,000 after acquiring an additional 137 shares in the last quarter. Finally, OLD National Bancorp IN raised its position in Canadian Pacific Kansas City by 1.5% during the first quarter. OLD National Bancorp IN now owns 9,524 shares of the transportation company’s stock valued at $733,000 after acquiring an additional 139 shares in the last quarter. Institutional investors and hedge funds 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. The company’s fifty day simple moving average is $79.82 and its 200-day simple moving average is $78.65. The company has a market cap of $75.43 billion, a price-to-earnings ratio of 23.54, a PEG ratio of 2.82 and a beta of 1.01. The company has a current ratio of 0.67, a quick ratio of 0.58 and a debt-to-equity ratio of 0.52. Canadian Pacific Kansas City Limited has a 1 year low of $65.17 and a 1 year high of $85.40.
Canadian Pacific Kansas City Increases Dividend
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 6th. They issued a “buy” rating on the stock. Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $78.00 to $75.00 in a research report on Tuesday, April 18th. BMO Capital Markets assumed coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They issued an “outperform” rating on the stock. StockNews.com assumed coverage on shares of Canadian Pacific Kansas City in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, Susquehanna lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $98.00 and gave the company a “positive” rating in a research report on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $92.00.
View Our Latest Research Report on CP
Canadian Pacific Kansas City Company Profile
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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