Sigma Planning Corp increased its position in Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,772 shares of the transportation company’s stock after acquiring an additional 312 shares during the quarter. Sigma Planning Corp’s holdings in Canadian Pacific Kansas City were worth $367,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Global Retirement Partners LLC grew its position in Canadian Pacific Kansas City by 34.7% during the first quarter. Global Retirement Partners LLC now owns 2,804 shares of the transportation company’s stock worth $221,000 after buying an additional 722 shares in the last quarter. Perpetual Ltd purchased a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $545,000. Mattern Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $217,000. PCJ Investment Counsel Ltd. raised its stake in Canadian Pacific Kansas City by 185.1% in the first quarter. PCJ Investment Counsel Ltd. now owns 230,020 shares of the transportation company’s stock valued at $17,703,000 after purchasing an additional 149,340 shares in the last quarter. Finally, Assetmark Inc. lifted its position in Canadian Pacific Kansas City by 6.4% during the first quarter. Assetmark Inc. now owns 15,199 shares of the transportation company’s stock valued at $1,169,000 after purchasing an additional 917 shares during the last quarter. Hedge funds and other institutional investors own 65.84% of the company’s stock.
Analysts Set New Price Targets
Several analysts have recently weighed in on CP shares. CSFB raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. BMO Capital Markets began coverage on Canadian Pacific Kansas City in a research report on Tuesday, April 18th. They set an “outperform” rating on the stock. Credit Suisse Group boosted their target price on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 9th. The Goldman Sachs Group initiated coverage on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 6th. They set a “buy” rating for the company. Finally, Susquehanna increased their price objective on Canadian Pacific Kansas City from $95.00 to $98.00 and gave the company a “positive” rating in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.00.
Canadian Pacific Kansas City Trading Up 0.2 %
Shares of NYSE CP opened at $81.17 on Monday. The stock has a market cap of $75.61 billion, a P/E ratio of 23.60, a price-to-earnings-growth ratio of 2.81 and a beta of 1.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.67 and a quick ratio of 0.58. Canadian Pacific Kansas City Limited has a 1 year low of $65.17 and a 1 year high of $85.40. The firm has a 50-day moving average of $79.96 and a 200 day moving average of $78.68.
Canadian Pacific Kansas City Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 30th. Investors of record on Friday, September 29th will be given a dividend of $0.1437 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 16.57%.
Canadian Pacific Kansas City 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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