Tower Research Capital LLC TRC Has $3.37 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Tower Research Capital LLC TRC increased its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 176.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,653 shares of the transportation company’s stock after buying an additional 27,230 shares during the period. Tower Research Capital LLC TRC’s holdings in Canadian Pacific Kansas City were worth $3,372,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock valued at $2,511,546,000 after buying an additional 483,138 shares during the period. FMR LLC lifted its position in Canadian Pacific Kansas City by 1.8% in the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after acquiring an additional 553,163 shares in the last quarter. TD Asset Management Inc lifted its position in Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after acquiring an additional 6,835,271 shares in the last quarter. Mackenzie Financial Corp lifted its position in Canadian Pacific Kansas City by 5.9% in the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after acquiring an additional 787,608 shares in the last quarter. Finally, Norges Bank bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $979,890,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Bank of America dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Raymond James raised their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Finally, Evercore ISI dropped their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $96.32.

Get Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Down 1.5 %

Canadian Pacific Kansas City stock opened at $77.25 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a market capitalization of $72.06 billion, a price-to-earnings ratio of 24.76, a P/E/G ratio of 2.21 and a beta of 0.97. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43. The firm has a 50 day simple moving average of $82.29 and a 200 day simple moving average of $81.51.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.95%.

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.

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

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