Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC decreased its stake in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 3.7% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,840 shares of the transportation company’s stock after selling 1,475 shares during the quarter. Gabelli Funds LLC’s holdings in Canadian Pacific Kansas City were worth $2,890,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in shares of Canadian Pacific Kansas City by 3.4% during the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock worth $1,389,000 after purchasing an additional 559 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in Canadian Pacific Kansas City by 69.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after buying an additional 2,263 shares during the last quarter. Vanguard Group Inc. grew its stake in Canadian Pacific Kansas City by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after buying an additional 695,215 shares during the last quarter. Baird Financial Group Inc. grew its stake in Canadian Pacific Kansas City by 5.1% in the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after buying an additional 2,417 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its stake in Canadian Pacific Kansas City by 116.4% in the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock valued at $1,178,000 after buying an additional 7,678 shares during the last quarter. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $85.30 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.70. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $86.00. The firm’s 50 day moving average price is $78.45 and its two-hundred day moving average price is $76.61. The firm has a market cap of $79.51 billion, a P/E ratio of 27.17, a PEG ratio of 2.57 and a beta of 0.94.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CP. JPMorgan Chase & Co. lowered their target price on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, December 21st. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Stephens decreased their price target on shares of Canadian Pacific Kansas City from $79.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Friday, October 27th. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Stifel Nicolaus raised their price target on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Ten investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.94.

Get Our Latest Stock Report on Canadian Pacific Kansas City

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 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.

Further Reading

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

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